Many of my clients have been asking me if I think the "crash" is over. I obviously cannot predict the future, however, I am seeing buyers coming back to my market. I work Nassau County, Long Island, New York, a suburban community of single family homes that can range from $250,000 to over $2 million.
The upper end homes have been sitting for quite some time, but the entry level priced homes in the $300k to $400k range have seen improved activity.
Lenders are still lending, as long as the borrowers have income, good credit and a decent down payment. I am looking forward to an improved Spring season and will update all in the near future.
I continue to remain positive..there is too much negativity and I won't go that route.
Marty Sorrentino
Broker Assoc
REMAX Innovations
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