Impact Of Improving Economy

Dated: 10/29/2014

Views: 2110

It would appear that by all measures the overall economic situation has improved and the outlook going forward is quite positive. Recent corporate profits for the most part have been very good and many corporations are quite positive about the remaining months of 2014 and into 2015. The housing news has improved, interest rates remain low, the job market has improved and Consumer Confidence recently reached a four or five year high. The economy is growing at a modest albeit steady pace. So what does this translate into in terms of buying a second home on beautiful Long Beach Island. Securities portfolios have rebounded very nicely for many people for the past several years resulting in a substantial increase in wealth for lots of potential buyers. This will heighten the competition for higher end properties and introduce new buyers into the market who heretofore may not have been in a position to purchase. The inventory for better properties is already beginning to show signs of scarcity. The Spring market is likely to be very intense, so if you have been holding back for any particular reason, you may want to rethink your position at this point in time..  

Latest Blog Posts

All Things Boating In Atlantic City This Week

This week the Atlantic City Power Boat Show will be held in the Convention Center beginning Wednesday February 28th and running though next weekend, Sunday March 4th.  One of the pleasures of

Read More

Spring Really Is Coming Soon

Spring really is not that far away! Contact me to Find Your Spot and be an LBI island resident by this summer!Have you heard mortgage rates may be going up, so lock in your spot now

Read More

Winter Olympics Wrapping Up March Around The Corner

The Winter Olympics in Pyeongchang are starting to wrap up. A few more days and the cauldron will be extinguished. The next Olympics will also be in Asia, specifically Tokyo, Japan in 2020. Those

Read More

New Curbing Requirements In Long Beach Twp NJ On Long Beach Island

New Curbing Requirements in Long Beach Twp NJ on Long Beach Island Curbing Requirements in Long Beach Twp NJ LBI NJ Real EstateA new ordinance was just announced that will have an impact

Read More