Impact of High Home Prices “Not Sustainable for the Economy”

Jul 22, 2025

1 min

Lawrence Levy

Lawrence Levy, associate vice president and executive dean of the National Center for Suburban Studies, was interviewed by Newsday about high home prices on Long Island. The article says the average household now needs to earn at least $242,000 annually to afford a median-priced home.



Levy said the long-term impact of high home prices “is not sustainable for the economy, for the school systems, because we need to be able to find places where younger or lower-earning people can live and take their rightful place in the economy, even if it’s not at the top rung of the earnings ladder.”

Connect with:
Lawrence Levy

Lawrence Levy

Associate Vice President and Executive Dean of the National Center for Surburban

Dean Levy works close with Hofstra’s academic community to shape an innovative agenda for suburban study

Suburban Spaces and DevelopmentSuburbsEducationTaxationPolitics of the Suburbs

You might also like...

Check out some other posts from Hofstra University

1 min

FAFSA Applications Jump on LI and Throughout NYS

Dr. Alan Singer, professor of education, talked with Newsday about a jump this past academic year in the number of Long Island high school students applying for federal financial aid to attend college. The article says the increase is due to a mandate, imposed during the 2024-25 school year, that school districts ensure all 12th graders either fill out the FAFSA, apply for state aid or sign a waiver. New York State Governor Kathy Hochul included the mandate in the state budget. Requiring students to apply or opt out “is like having the DMV register people to vote — it’s just a good idea,” said Dr. Singer. “There are students from families that are just not aware of what’s required to go to college and get financial aid. By having it done in school … it facilitates the ability of all high school graduates to go on to college with financial aid.”

1 min

Trump’s Megabill Fuels Political Parties as They Gear Up for 2026 Midterm Elections

Lawrence Levy, associate vice president and executive dean of the National Center for Suburban Studies, was interviewed by Newsday about the passage of President Donald Trump’s “Big Beautiful Bill Act” and how it is providing fuel for both Republicans and Democrats who are already preparing for the 2026 midterm elections. “Democrats definitely have the messaging momentum,” Levy said. But he also noted that Republicans “have been very adept” at spotlighting more popular elements of the bill, like tax breaks and a surge in border security funding, “to mount a counter-offensive and change what is now a negative narrative.”

1 min

President’s Discussion of Conspiracy Theories Have “No Parallel in American Politics”

Peter Baker, the chief White House correspondent for The New York Times, interviewed Dr. Meena Bose about conspiracy theories that appear to be consuming the Trump administration. “The president’s repeated discussion of multiple conspiracy theories, most recently about the 2016 election, has no parallel in American politics,” said Dr. Bose. “Presidential allegations that have no factual basis undermine public confidence in the political system and present dangerous challenges to constitutional principles and the rule of law, particularly if they are not subject to checks by other institutions.” Dr. Bose is Hofstra University professor of political science, executive dean of the Public Policy and Public Service program, and director of the Kalikow Center for the Study of the American Presidency.

View all posts