Friday, October 28, 2022

Two LBI Real Estate Questions Buyers Should Be Asking

 

Two LBI Real Estate Questions Buyers Should Be Asking








Long Beach Island Real Estate

Undoubtedly, the LBI real estate market has changed over the last few months. Like the national real estate market, we see more restraint from buyers. This is not to say that the Long Beach Island real estate market is headed for a crash, far from it. Rather, we are moving into a more balanced market. The recent increase in mortgage rates has slowed things down and made the cost of owning a home more expensive. This has left some buyers wondering if this is the right time to buy a house on LBI. That is a very personal question and largely depends on your wants and needs, but there are two essential questions to ask yourself. They are:

  1. Where do you think prices in the LBI real estate market are heading?
  2. Where do you think mortgage rates are heading?

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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