| LI Home Prices Appreciate 3.5% in 2006
The
average sales price for homes sold through the Multiple Listing
Service of Long Island in 2006 was $516,194, representing
a 3.5% increase over the 2005 average of $498,896.
Suffolk County |
+2.1% |
| Nassau County |
+0.9% |
| Queens County |
+9.9% |
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Selling Tips Video for Selecting the Right Real Estate Broker 
Real Estate is an always changing market that moves in cycles. Whether it is a Seller's or a Buyer's market, choosing a broker that is right for your needs is critical to achieving your selling and buying goals with the least amount of frustration.
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Home Selling Tips Video for Our Changing Market
There is no doubt that we are in a changing Real Estate market. On February 2, 2006, CBS television aired a short video outlining some of the important things sellers can do to ensure that their home is ready to sell in our changing market.
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2004
Cost vs. Value Study
What's
the value to your major kitchen revamp or a bathroom redo when
selling or buying a home?
The seventh annual "Cost vs. Value Report" will
tell you. It looks at the cost-to-construct for common remodeling
projects against the added value those projects bring at resale.
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NAR:
The Family Home Is a Major Source of Wealth
Americans
may have lost a fortune in the stock market during the past two
years, but at least one other major source of wealth remains: the
family home.
According to a survey released by the National Association of Realtors
at its annual conference, strong home-price appreciation continues
to generate wealth for homeowners. The NAR said the typical American
homeowner has about $50,000 in "unrealized gains" in the
value of a home, which some are tapping through a home-equity loan
or other similar financial instrument. Meanwhile, Americans who
sell their houses are collecting on average $20,000 in capital gains,
which they can put into savings or use to buy another home.
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Group
Honors Huntington
An
All-American City!
Huntington
is technically a town, but that didn't stop Huntington, Long Island
from being named one of the nation's top 10 All-American cities
for 2002.
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Will
the Bubble Burst
Right After I Buy?
Probably
Not for a While...
There
is an old rule that says, "That which goes up must also come
down." It probably holds for most things, including real estate.
So the real question, of course, is when will this happen?
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Harvard
Study Predicts
Continued Industry Prosperity
Reversal Probably Short-Lived...
For some time now, economists have wondered whether the nation's
housing market is a bubble waiting to pop. Commanding their attention:
annual price-gain percentages in the double-digits, for at least
the past five years, in many locations.
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