Friday, October 27, 2023

Why We Will Not See A Wave of Short Sales and Foreclosures in the LBI NJ Real Estate Market

 

Why We Will Not See A Wave of Short Sales and Foreclosures in the LBI NJ Real Estate Market






Long Beach Island Real Estate

The Long Beach Island real estate market is currently challenging, with high-interest rates and low inventory levels. Many buyers are hopeful that something will change to help their search, and for some, this hope falls on seeing a wave of short sales, foreclosures, and distressed sales in the LBI real estate market. The reality is this is highly unlikely to happen. While it is easy to draw parallels to the market of 2008 and 2009, there are vast differences between this market and that one.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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