<p>With record home prices, bidding wars and low inventory, homebuyers are seeking relief.&nbsp;Newsday real estate reporter Jonathan Lamantia reports.</p>


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Long Island's soaring home prices

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Home prices on Long Island may have reached their peak in 2024. NewsdayTV's Ken Buffa discusses with business reporter Jonathan LaMantia.

September median home prices show a slight dip 

Median prices in Great Neck, Amityville and Franklin Square all increased at least 17% in the first half of 2024. NewsdayTV's Virginia Huie and Newsday business reporter Jonathan LaMantia have the story.

'Prices are crazy'

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Wall Street profits climb 80% in the first half of 2024 

Getting a head start on holiday shopping? RetailMeNot's Stephanie Carls talks about what Amazon has to offer on Oct. 8 and 9.

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Dockworkers began walking picket lines early Tuesday, at ports from Maine to Texas, including New York, in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

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The number of furniture retailers on Long Island are on the decline, particularly mom-and-pop shops, according to the U.S. Bureau of Labor Statistics. NewsdayTV's Virginia Huie reports.

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Amazon is set to go from two to nine warehouses on Long Island in response to online shopping, Newsday's James T. Madore reports.

Amazon opens more LI warehouses to meet increase sales

Kmart in Bridgehampton, the discount retailer's last full-size Kmart in the U.S., will close its doors next month after 25 years in operation.  

Kmart in Bridgehampton to close next month

The median single-family home in Nassau sold for $835,000 last month, while the Suffolk median rose to $680,000.

Home prices on Long Island are continuing to climb

The Federal Reserve has cut interest rates for the first time in more than four years. Newsday's business reporter Jonathan LaMantia explains how this will affect Long Islanders. 

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LI homebuyers can expect to gain greater buying power as mortgage rates dropped to 6.2% this week. NewsdayTV's Drew Scott and Newsday business reporter Jonathan LaMantia report.

'More buying power to homebuyers'

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

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