On Long Island and throughout our nation, housing is a dynamic issue with new research emerging daily. This page will provide current insights and trends regarding homes, both rentals and for-sale, that will be compiled from a variety of reliable sources. We hope you find them interesting.  

The Biggest Game Changers in Renting Are Older, Highly-Educated Renters, and 2.5 Million Stronger.

Lowering living expenses, looking for a different lifestyle, less house-related work and overall less responsibility can be achieved by downsizing, so a lot of retirees opt to rent. Baby boomers also account for the highest increase in renters in urban areas, but the spike in numbers of baby-boomer renters is much higher in the suburbs (2 percent vs 39 percent). The second highest increase comes from renters aged 35-54, 27 percent in the suburbs and 8 percent in the city.

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Housing Choices Good for Home Values.

Towns with housing units of assorted sizes tend to have, and maintain, higher home values than towns that lack residential housing choices. Home values also tend to be higher in towns that offered a wider assortment of home sizes and growing diversity seemed to enhance these values over time.

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Real Estate Institute at Stony Brook University College of Business: Impact of Market Rate Apartments on School District Enrollment May 2019.

The Real Estate Institute at Stony Brook University’s College of Business conducted a study where they followed 14 multifamily developments in 10 different school districts across Nassau and Suffolk counties. 

The study found that, over the last decade, new developments:

  • Accounted for 3,928 units of housing. 
  • Produced only 313 new students (1 student per 10 housing units). 
  • Were tax-positive for their communities.
  • Brought in occupants that lead to new property and school taxes and took advantage of the school at a much lower rate than single-family occupants. 

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