Okay, here's a serious question. How many times have you been on Route 72 East or Marsha Drive and made that left or right turn instead of heading straight and went right for Morris
Real Estate VS Wall Street
Well it's been a bumpy ride for sure of late in the Stock Market and by most accounts it will be that way for the near term at least. Hard to recall a time when the Market has had so many areas that can influence the averages. Seems like there is a new twist every week with no end in sight. Greece, China, oil prices, the Fed, Puerto Rico and on it goes. I worked there for 35 years and went thru a bunch of rough patches for sure but don't recall volatility at this level...not even close. Probably more excitement to come when the Fed begins to raise rates and that could be as early as September. The housing market on the other hand seems to be faring much better. Prices appear to be inching up and that includes values on LBI. There just seems to be more stability in real estate. A nice investment property with steady rental income to help carry the costs just does not seem like a bad idea at this point in time. Mortgage rates continue to be very attractive but they will of course to be impacted by the Fed hikes. Lot's of nice inventory still available but also lot's of buyers starting to ask questions. SO COME ON DOWN !!!
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