Your May Market Update

For sometime now I’ve said that I don’t think we will be seeing that bubble burst and here is why!

• This market began in January of 2020 we saw low inventory and high demand of buyers, this market was making an appearance to Realtors long before it was a headline.

• Unlike the housing crisis of 2008 crash was caused largely by bad lending practices on the banks part the guidelines have changed significantly. Many buyers are covering shortfalls of appraisals that is causing large increases in home values overall for Long Island.

• Long Island is seeing many homeowners moving out of state, taking advantage of the low interest rates. Many homeowners are opting not to sell and use the equity in their home rather than having to find a new home in the current market conditions.

Wondering about your homes value ?

It’s so easy to find out just go to YourRealEstateMatchmaker.Net

Kristin Schuster | Your Real Estate Matchmaker™
631.417.6285