lipropertysearch: Coronavirus and the Long Island Real Estate Market
- 03/24/20 01:34 PM
Coronavirus: it’s on everyone’s mind these days. Amid the fears of transmission rates and actually falling ill with the virus are very real concerns about how this pandemic will affect the economy and the housing market. There are plenty of people already saying we’re headed for a recession and that the real estate market will plunge back to the dark days of 2008 and 2009.
While we can’t predict the future, we can share what we’re seeing and experiencing here on Long Island as Realtors living in and serving this community. We’ve been forced to dramatically adjust our business amidst sweeping regulations … (1 comments)
lipropertysearch: 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)
Coronavirus: it’s on everyone’s mind these days. Amid the fears of transmission rates and actually falling ill with the virus are very real concerns about how this pandemic will affect the economy and the housing market. There are plenty of people already saying we’re headed for a recession and that the real estate market will plunge back to the dark days of 2008 and 2009.
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