Kathleen Evangelista

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Kathleen Evangelista, in Franklin Square

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Whay do you think about housing market on Y2009 ?

Asked Tue Jul 1 2008, 04:07 by E Hong - 63301 - Market Conditions - 2 answers

Kathleen Evangelista answered:

It depends on what market area you are in. I am in the Long Island, New York area and although prices are down quite a bit activity is starting to increase. There is a definite increase in well qualified buyers. Once these buyers all go to contract the inventory levels should decrease which should eventually lead to a shift in our supply and demand. Currently there is about an 18 month supply of homes on the market once that number comes down price should start to slowly increase.

Kathleen Evangelista
Prudential Douglas Elliman Real Estate
Franklin Square, NY 11010
kathleen.evangelista@prudentialelliman.com - Tue Jul 1 2008, 04:13

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