My New Blog

April 20th, 2021 9:02 AM
What is a better sell than buying a home, FEAR. Internet searches for "housing crash" published by CNBC went up 2,450% in the past month. All the hype fails to realize that housing is still the cost of Shelter not real estate investors flipping a home for profit or getting rental income, they are not the majority of buyers on the North Fork, Riverhead or Shelter Island. Yes, 2020 and the 1st Qtr. of 2021 have been crazy hard for homebuyers. Low inventory, low mortgage rates, "all cash" offers, bidding wars, it's a seller's marketplace, not a bubble. It's unhealthy because many want to buy. As rates move up slightly and the cost of home ownership rises, the days on the market(DOM), will rise, and the local real estate appraiser will be there to help. Do you know what your home is worth? 
Call us, we have been serving the real estate community on the east end of Long Island for over 35 years, its our job!

Posted by Richard Wayne Abatelli on April 20th, 2021 9:02 AMLeave a Comment

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