LBI Real Estate Market Buyer Tips For Higher Mortgage Rates

Dated: September 14 2022

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LBI Real Estate Market Buyer Tips for Higher Mortgage Rates

Long Beach Island Real Estate Buyers and Mortgage Rates on LBI

Over the last two years, the Long Beach Island real estate market, and the national real estate market for that matter, have seen some monumental changes. 2022 is no exception, and there is no doubt we are in a transitioning marketplace on LBI. While the LBI real estate market has never been that impacted by interest rates (up or down), it is clear that the significant real estate headline for 2022 is the drastic rise in the cost of lending. The simple fact is, with rising mortgage interest rates, it is now more expensive to purchase and own a home in the LBI NJ real estate market. That said, there are three simple things all buyers in the Long Beach Island real estate market can do to help their home search.

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Nathan Colmer

LBI Office 12800 Long Beach Blvd Beach Haven Terrace NJ 08008 I have lived on LBI my entire life and am actually the 4th generation in my family to do so. This have given me a deep knowledge base ....

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