Community Corner
Real Estate Blogger Says Mortgage Rates Are Slowly Rising
'Between supply and demand, along with mortgage rates going up, this'll drive housing prices to increase,' says Lindenhurst blogger Jackie Connelly-Fornuff.
Lindenhurst real estate agent and Patch Blogger Jackie Connelly-Fornuff recently posted the latest sold homes report for Lindy.
"Mortgage rates are slowly going up, as well. Between supply and demand, along with mortgage rates going up, this'll drive housing prices to increase. We're not there yet, but will be sooner rather than later," wrote Connelly-Fornuff, who's an agent with Century 21 AA Realty.
She went on to describe the sold homes for the month of February this year - and list how many homes in Lindy there are currently on the market.
Find out what's happening in Lindenhurstfor free with the latest updates from Patch.
Twenty four homes went under contract in Lindenhurst in February 2013. List prices range from $139,000 (short sale) to $339,000, with the majority being in the mid to high $250s. Six of these homes are South of Montauk Highway.
Currently there are 165 homes on the market in Lindenhurst. There were 172 on the market in February.
Find out what's happening in Lindenhurstfor free with the latest updates from Patch.
To read Connelly-Fornuff's full blog post, click here.
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