ron lanzillotta: How a Repeal of the SALT Cap Would Help Long Island Homeowners - 02/16/21 07:45 AM
A new administration in the White House means a new opportunity for New York lawmakers to push for a repeal of the SALT cap. With President Biden sworn in and changes to the makeup of the House and Senate, conversation about the SALT cap has renewed with support from Governor Andrew Cuomo, Senate Majority Leader Chuck Schumer, and Congressman Tom Suozzi, among others. Both Schumer and Suozzi introduced legislation in late January to the newly Democratic-controlled House and Senate.
The SALT cap was enacted in 2017 by former President Trump as part of his tax reform package, the Tax Cuts and Jobs … (0 comments)

ron lanzillotta: Long Island Real Estate Market Outlook for Spring 2020 - 02/13/20 10:14 AM
Thinking of buying or selling a home on Long Island this year? While it’s still February on the calendar, our mild winter weather and low interest rates have propelled the spring real estate market forward a few months.
We began the year with low interest rates and this week, average rates for fixed mortgages dropped again to a three-year low. Good news for both buyers and sellers! When mortgage rates are low, buyers can afford to buy more expensive homes. Increased affordability for buyers helps home values increase. When there are more buyers who can afford to buy your home, it increases the chances … (1 comments)