2012 a Reported Turning Point for Home Buyers/Owners
June 24th, 2009 category: Real Estate News
An interesting “take” on the current real estate market was reported here.
As mentioned in the article, all real estate is local. Important factors such as the unemployment rate, opportunities for job growth, interest rates remaining low, and prices finding an attainable level for buyers impact all areas; the life enhancement of owning a quiet place away from the hustle and bustle of the city will never dissipate completely. We’re experiencing the same caution from buyers as most areas, but the payoff for a quiet country home will always have cache.
As a location popular for second homes, the east end of Long Island offers a more unique aspect than most locations; second homes that were once “must have” for the NYC contingent are less of a given when so many variables are exacerbating the concerns that many potential home buyers have about the economy as a whole.
As we experience this temporary caution while pricing adjusts, summer on the east end will continue to be a magnet for those that make the decision to locate a haven.
I, for one, look forward to the “boring” real estate venue offered in the article; there is much to be said for stability vs. wild swings in one direction or the other!
For those seeking (or selling) a second home on the east end of Long Island, stay tuned- we’ll provide market updates as they become available.
If you are looking for a home for sale on the North Fork / East End of Long Island, please fill out the form below.
To search available homes for sale on the North Fork / East End Long Island or condos on the North Fork of Long Island, click “north fork homes”, enter your area of interest and any parameters, and click “go”- properties for sale include Riverhead, Aquebogue, Baiting Hollow, Calverton, Jamesport, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, Orient, Orient Point, Westhampton Beach, Hampton Bays, Flanders, Southampton, Sag Harbor, East Hampton, Montauk, NY.
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