Two Reasons the LBI Real Estate Market is Not in a Bubble
Long Beach Island Real Estate
There is a lot of concern about a drastic fall in home values across the LBI real estate market and elsewhere. While we cannot entirely rule out this as a possibility, it is crucial to understand that the data and facts point to a very different scenario in the Long Beach Island and national real estate market. It is easy to conclude that the rapid rise in home values will lead to an equally dramatic price crash (i.e., a real estate bubble like we saw in 2008), but this is a very different market. There are two principal distinctions between this market and the market 15 years ago: inventory and lending standards.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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