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Long Island real estate guides
Compare communities, prepare for a home purchase, or plan your next sale. Start with a topic below, then explore the latest articles from the Pesce & Lanzillotta Team.
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Latest articles
Oct. 18, 2024
How Will the 2024 Presidential Elections Affect the Long Island Housing Market?
With less than a month until Election Day, predictions about the presidential race’s outcome are dominating the news. Experts have weighed in on everything from how the new president might affect everything from foreign policy to the economy—including the housing market! If you’ve been thinking of selling your current Long Island home or purchasing a new property here, you might be holding off until you see the election results, but here’s the bottom line: presidential elections don’t affect the housing market all that much. Even on a national scale, an individual president’s policies do not tend to drastically influence the market one way or another.
Read moreMay 28, 2024
How the Recent NAR Ruling Affects Long Island Home Sellers and Buyers
Earlier this spring, the National Association of Realtors (NAR) settled a commission lawsuit, resulting in changes that have rippled throughout the real estate industry. While none of the changes are monumental, news of real estate commission restructuring has dominated the headlines in recent months. With new rules now set to go into effect this August, we’re breaking down what is (and isn’t) changing so you can be prepared when it comes time to sell your Long Island home or buy your next property.
Read moreJan. 18, 2024
Early Spring Will Be the Key Time to Buy or Sell a Home on Long Island This Year
If you put your plans to buy or sell your Long Island home on hold in 2023, spring 2024 will be the key time to get back into the market. While last year offered some definite challenges for the housing industry, US real estate is expected to roar back stronger than ever. On Long Island, we’re already seeing signs of renewed interest from home buyers and new listings are hitting the market early. Overall, it’s shaping up to be a great spring for Long Island real estate!
Read moreDec. 4, 2023
A Look at 2024: What’s Ahead for the Long Island Housing Market in the New Year
2023 was another interesting year in Long Island real estate! The year started with robust predictions for the housing market that faltered under increased rate hikes as we headed toward summer, before picking up steam again to close the year right about where those expert predictions thought we’d land. As 2023 draws to a close, we’re now looking to 2024 and what’s ahead for the Long Island housing market.
Read moreOct. 25, 2023
Benefits of Selling Your Long Island Home When Inventory is Low
Have you been holding off on selling your Long Island home due to low inventory? Need to make a change, but not sure you can find a new home that suits your needs? Don’t let the fear of the current market keep you from doing what’s best for you and your family. There are some great benefits of selling your Long Island home when inventory is low!
Read moreSept. 20, 2023
Home Price Forecast Revised for Q4 of 2023
At the beginning of 2023, many experts predicted that home prices would dip at the end of the year. After months and months of sustained home price growth, it seemed inevitable that this would be the year where we’d see a small change in home prices.
Read moreAug. 24, 2023
What We Can Expect for the Fall Long Island Home Selling Season
The weeks after Labor Day traditionally bring a “second wave” of real estate to the Long Island market. Though with high interest rates, sustained inflation, and low inventory, can we expect to see the same trend hold true this fall?
Read moreJuly 20, 2023
Should You Sell Your Long Island Home or Stay?
Low inventory conditions persist in the Long Island housing market. If you've been thinking of moving this fall but aren't sure if it makes sense to sell your home, stay, or rent it out, we'll help you work through the potential upsides and downsides so you can make the best decision.
Read moreJune 20, 2023
4 Reasons to Sell Your Long Island Home This Summer
Summer has arrived on Long Island and when it comes to the housing market at least, things look quite a bit different than they did last year. Month after month of red-hot growth has noticeably cooled as inventory remains low and interest rates continue to impact affordability. Yet if you've been thinking of making a move, it's still a great to list your home on Long Island. In our conversations with our clients, we've discovered there are a few main reasons motivating people to put their homes on the market this summer. If any of these resonate with you, don't hesitate to reach out to our team to find out what the Pesce & Lanzillotta Team can do to help you get the most money possible for your property!
Read moreMay 2, 2023
What to Expect From the Long Island Housing Market This Summer
Spring and summer are usually some of the busiest seasons for the Long Island housing market. When the weather warms up and the school year draws to an end, many people make plans to move, whether it’s purchasing their dream home on the water, downsizing to a smaller property, or relocating to or from Long Island.
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