Heating Up

Dated: 08/31/2016

Views: 440

Well, we are just wrapping up a fantastic rental season on LBI. Lot's of people inquiring about 2017 already so looks like next year is going to be very busy also. Unless I am mistaken, it would appear that the high level of activity is going to spill over to the sales market in the fall. Website activity has been heavier than I have seen it in a long time. The number of people revisiting and saving favorite properties has been very high. Many believe that a solid jobs report this Friday will pave the way for a Fed hike in the interest rate, possibly in September, which will no doubt be passed thru to mortgages. It is possible that we may shortly be entering into a sellers market but time will tell. As usual...a word to the wise. 

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