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


Business

BZHOME240725_video

Long Island's soaring home prices

onecms:0f6dee3c-1edd-46d9-9d7b-7e80cb5b14c8

Newsday

Bidding wars, low inventory

BZHOME240725_photos

Business Trending

LI's priciest home sales

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

The 44-year-old man will be sentenced in November, according to the Suffolk district attorney.

Ex-president of Dix Hills Soccer Club pleads guilty to stealing $77,000

Daniel Coppola, accused of fatally shooting his ex-wife and her boyfriend, pleaded not guilty from a hospital bed. Coppola, who injured himself while under suicide watch, had surgery this week for a spinal cord injury, attorneys say.

Man accused in St. James double homicide pleads not guilty

The top female sunfish sailors gathered in Amityville to prepare for this weekend's North American championships on the Great South Bay. 

'Competitors here from all over the United States'

All middle school students in the district will be required to lock up their cell phones in pouches for the entire school day. NewsdayTV's Shari Einhorn reports.  

Some parents say they won't allow their kids to comply 

The FDNY honored added the names of 32 firefighters who have died of 9/11-related illnesses to its memorial wall in a ceremony Wednesday. NewsdayTV's Drew Scott reports.

'My dad, he was a hero to us all'

Sign up for the Daily Business newsletter

Business Newsletter Widget

The state's largest health system wants to offload nonhazardous plastic flakes to those who can reuse it. 

Northwell seeks novel recycling partners

Business Article Bottom Module

Boeing's first astronaut mission is finally over.

Two astronauts are left behind in space as Boeing's troubled capsule returns to Earth empty

Stellantis is recalling nearly 1.5 million Ram pickups worldwide to fix a software problem that can disable the electronic stability control.

Stellantis recalls 1.5M Ram trucks to fix software bug that can disable stability control

While tennis fans savor the last matches of the U.S. Open, a subset of viewers have watched the tournament as a source of fashion inspiration.

Tennis attire is everywhere. Credit the pandemic, social media and pickleball

A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump's Truth Social platform.

Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer

A federal judge on Friday gave the U.S. Justice Department until the end of the year to outline how Google should be punished for illegally monopolizing the internet search market and then prepare to present its case for imposing the penalties next spring.

Judge gives US regulators until December to propose penalties for Google's illegal search monopoly

The median home price on the Island, excluding the East End, has increased dramatically over the past decade, according to appraisal firm Miller Samuel. 

LI home prices rose 86% in past decade, frustrating buyers

Business Video Playlist

Home prices continue to rise on Long Island, giving potential buyers headaches and heartbreak. NewsdayTV's Jasmine Anderson reports.

'It's still a seller's market'

The state announced on Friday that about 1 million New Yorkers' monthly health insurrance premiums will go up next year by as much as 35%. NewsdayTV's Shari Einhorn reports.

'I don't want consumers to panic just yet'

Money brought in from local tourism shattered the previous year's record by one billion dollars. NewsdayTV's Shari Einhorn reports.

'People are spending money'

Danielle Edwards, of Merrick, has a full-time job as a mortgage processor, but says in the next five years she'd like to be able to transition completely over to her side hustle, the balloon business "Havin' a Blast."

Mortgage processor by day, balloon artist by night

Richard York of Patchogue Shoes, after nearly a century in business, is holding its going-out-of-business sale, to the shock and sadness of many. NewsdayTV's Virginia Huie reports.

'After 97 years, it's a shame that they're closing'

Newsday business reporter Tory Parrish talks about how more parents are thrift-shopping for back-to-school supplies.

'Trying to cut costs'

Small craft-alcohol manufacturers are cheering a new law that soon will allow them to ship spirits, cider and mead directly to New York State consumers, potentially boosting their profits by skipping the "middlemen" distributors.

Craft alcohol makers will soon be able to ship directly to customers

Three millennials who grew up in Montauk and now run or own their longtime family businesses spoke about how they've kept their businesses relevant and modern.

'We just need to keep it in our family'

Newsday's business reporter Jonathan LaMantia and NewsdayTV's Jill Wagner break down the new home sales data for July from OneKey MLS.

'Pretty big increase for one year'

Mortgage rates are falling. What does that mean here on LI?

What does it mean when mortgage rates fall?

Stony Brook officials say the university hospital is required by the state to report all accounts past due by 180 days, $2,500 dollars or more to the attorney general's office. NewsdayTV's Shari Einhorn reports. 

'I have hundreds of thousands of dollars of medical bills'

The average rate for a 30-year fixed mortgage fell to 6.47% this week, its lowest level since May 2023. Newsday business reporter Jonathan LaMantia reports.

'A little bit more buying power'

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

Newsday TV

NewsdayTV Top Item

A trip to the emergency room in a Long Island hospital now averages nearly 4 hours, data shows. NewsdayTV's Virginia Huie reports.

'I'm going to try to avoid it'

Business - megaslot

What's happening with Long Island companies, Nassau & Suffolk small businesses, plus stock market updates.

Stay logged in.