News 12-Hofstra poll: 35% of LIers expect home values to rise

Of the residents surveyed, 35 percent expect their home values to rise over the next 6 to 12 months, whereas only 18 percent think prices

Real estate agents say consumer confidence is on the rise across Long Island.

Real estate agents say consumer confidence is on the rise across Long Island. (2/22/13)

WANTAGH - The latest News 12-Hofstra poll shows 35 percent of Long Island residents believe the housing market on Long Island may be improving.

Of the residents surveyed, 35 percent expect their home values to rise over the next 6 to 12 months, whereas only 18 percent think prices will dip. Real estate agents say they believe the figures are fairly accurate.

"I would say consumer confidence is absolutely up," says agent Laura Memisha. 

Suffolk residents appear slightly more skeptical than those in Nassau. Agents say the greater number of homes for sale in Suffolk could be a factor, as well as lagging storm repairs. 

Unsurprisingly, real estate agents say the market for homes in Sandy-damaged areas has seen a major decrease in price. 

 

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