Lindenhurst NY Home Buying - Banks Are Lending + Buyers Are Buying = Homes Are Selling.
What you are seeing on the news about banks not lending isn't correct.
196 homes sold in Lindenhurst NY in 2009. The chart below reflects how buyers financed their homes in 2009:
250 homes sold in Lindenhurst NY in 2010. The chart below reflects how buyers financed their homes in 2010:
116 homes have sold through June 30th, 2011. That is just under the halfway mark for 2010 and we have 5 months left for 2011. I can see 2011 sold homes surpassing 2010 sold homes for Lindenhurst NY. And the best part is, there is no home buyer tax credit this year so the 2011 sold numbers will not be "padded".
The Lindenhurst NY median sold price at the end of the first quarter of 2007 was $377,500. The Lindenhurst NY median sold price at the end of the first quarter of 2011 was $306,250. That is an 18.83% decrease.
That is one reason why buyers are buying and homeowners are selling. I work with enough buyers to know that they are not having problems getting mortgages. Yes, banks want to see better credit scores, credit history and income. If you do not have a job or good credit, banks aren't going to give you a mortgage and they shouldn't.
Considering buying a home in Lindenhurst NY? Search homes for sale below:
Cell: (631) 703-0201
Office: (631) 226-5995 Ext. 242
Email: JackieC@century21aa.com
Website: www.longislandrealestatelady.com
Website: www.lindenhurstnyrealestate.com
Blog: http://jackieconnellyfornuff.com
Skype ID: LIRealEstateLady
