Remodeling on Long Island: Tough housing market leads homeowners to stay put and expand

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.”

For the full article in Newsday click here