My New Blog

We all have been caught up in the real estate double-digit gains this 3rd Quarter. So when respected S&P CoreLogic Case Schiller U.S. Home Price NSA Index reported a 7% annual spike in residential real estate, naturally, I smiled. Yes, the increase was the largest annual gain since September, 2014 and nearly 23% higher than their last peak in 2006. But, the reported 17%-24% price increases quoted by so-called  eastern Long Island industry experts was it a misleading claim. Looking at the data, one must understand the one ingredient when drawing a conclusion. Where does the data come from. I do agree that our neighborhood has benefitted more than the national average hovering just above double-digit increases but lets stop our quick acceptance of the soothsayers hype. True value is what we offer @ Abatelli Real Estate Appraisals!