Millennials Are Buying Homes Because of Their Dogs – Not Their Children or Marriages

It’s no secret that millennials love dogs and now their four-legged friends are starting to influence the decisions they make about housing. A recent survey by SunTrust Mortgage found that a third of millennials who had already purchased their first home said they were influenced by the need to have space for a dog. The survey asked recent home buyers why they were buying their first home and their dog was the third most commonly cited reason, coming above children and marriage. Only more living space and the opportunity to…

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Long Island Home Prices Soar From May To June, Data Shows

long island home prices

Buying homes on Long Island in June comes with a hefty price tag, according to a new report from the Multiple Listing Service of Long Island. The Long Island-wide data, which includes Queens in MLSLI reports, shows the median home sale price was $444,500 in June, which is a 8.41 percent increase over the last year and a 7.11 percent increase from May. According to the data, median listing prices for homes in Suffolk have increased by $30,000 from May to June while Nassau homes have increased by $25,000. The…

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Mortgage Deduction To Hurt Long Island Homeowners The Most According To Schumer

mortgage deduction

Long Island homeowners would be hit by “tax jeopardy” if government impose findings for home loan premium get reduced or eliminated, as the country’s new Treasury secretary and some members of Congress have proposed, Senate Minority Leader Chuck Schumer (D-N.Y.) said at a news gathering Tuesday. Scaling back those deductions “would hurt Long Island especially hard, because we all know living on Long Island doesn’t come cheap,” and it would debilitate youngsters from purchasing homes in the district, Schumer stated, standing outside the home of Mindy and Joshua Schreiber, who acquired…

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