The following are quick hits of editorial analysis from The Foggiest Idea on the local and regional developmental issues that matter. For more, be sure to LIKE TFI on Facebook.
SUFFOLK HOUSING PRICES JUMP 6.7 PERCENT FROM LAST YEAR, NASSAU SHOWS MODERATE GAINS
According to reports in Newsday, year-over-year pricing growth in real estate markets throughout Long Island has continued.
As evidenced by the price increases, communities across Long Island are in-demand with home buyers. Upward pricing trends are likely to continue unless broader economic instability comes to the U.S. Also of note – luxury markets have not fared as well as the entry-level and middle markets, demonstrating demand for more affordable living options.
Some interesting highlights:
– Home prices in the region have been making annual gains or holding steady for over two years in Suffolk and over four years in Nassau.
– Home prices in eastern communities have risen even faster, with a 21 percent increase in Suffolk and 14 percent in Nassau.
LONG ISLAND WARMS AT ALARMING RATE:
According to data analyzed by the Washington Post, the impacts of extreme climate change are already transforming temperatures throughout the New York Metro Region.
On Long Island, the average temperature has climbed by 4 degrees between 1895 and 2018, demonstrating localized warming at an alarming rate.
For Long Islanders, the immediacy for addressing climate change is pressing. With the region’s wide swaths of coastlines surrounded by ever-warming and rising seas, our vulnerability to large-scale storm events grows each passing year. Moving forward, it’s critical for the federal government to work with our nation’s global allies to take substantive and direct policy actions to halt climate change. If not, we may surpass the global tipping point in our lifetime – if it’s not too late already.