Gina Farese, CEO of Marcor Construction was highlighted in Newsday to discuss today’s housing market.
“Long Island homeowners looking for more space are facing a dilemma. The usual route — sell and trade up — is unattractive for many because prices are near record highs, the supply of homes on the market is severely limited, and they don’t want to give up a rock-bottom mortgage rate for a new, more expensive loan in today’s higher-rate climate.”
“The catch? Home improvement costs have jumped, too.”