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Sterrer Realty Inc

(516) 431-4500
(516) 510-6010

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Neil Sterrer

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Real Estate Tips

12MAY

Locked In and Holding Out: How Low Mortgage Rates Are Freezing the Housing Market

The U.S. housing market is grappling with a persistent shortage of homes, and one major reason is the “lock-in effect.” Homeowners with ultra-low mortgage rates secured during the pandemic are reluctant to sell, even as market demand grows. This hesitance is tightening inventory, driving up prices, and reshaping the dynamics of both buying and selling real estate in 2025.

05MAY

Buy a Home, Keep the Seller’s Rate

With interest rates nearing 7%, many homebuyers in the U.S. are exploring assumable mortgages as a strategic way to save money. By taking over a seller’s existing home loan with a lower interest rate, buyers can reduce their monthly mortgage payments significantly. This article explains how assumable mortgages work and why they’re gaining popularity in today’s housing market.

28APR

Florida Condo Crisis: What Buyers and Sellers Must Know

Based on materials from the New York Post, this article explores the growing crisis in Florida’s condominium market, where stricter safety regulations and soaring insurance costs have led to a mass sell-off of older condos. Prices have dropped by up to 22% over the past two years, and buyers must navigate financing challenges due to over 1,400 properties being placed on Fannie Mae’s “blacklist.”

Long Beach, Nassau County

Long Beach is a city in Nassau County, New York. The city is located at 40°35’18”N and 73°39’28”W. According to the United States Census Bureau, the city’s population was 33,664. According to the last census, the median income for a household in the city was 86,848. Please visit the city page on my website and you’ll be able to see all real estate data and detailed Long Beach statistics.

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Long Beach, Nassau County@Lido Beach, Nassau County@Atlantic Beach, Nassau County
/buildings_long_beach_idChIJyYQBQ_ZvwokRY5A746Ftk9M@/buildings_lido_beach_idChIJk4P3JH56wokRABlV2XGCFQc@/buildings_atlantic_beach_idChIJnwsRyERvwokRtJl0suXpl9Q
Long Beach is a city in Nassau County, New York. The city is located at 40°35'18''N and 73°39'28''W. According to the United States Census Bureau, the city's population was 33,664. According to the last census, the median income for a household in the city was 86,848. Please visit the city page on my website and you'll be able to see all real estate data and detailed Long Beach statistics. @Lido Beach is a city in Nassau County, New York. The city is located at 40°35'20''N and 73°37'31''W. According to the United States Census Bureau, the city's population was 2,897. According to the last census, the median income for a household in the city was 146,741. Please visit the city page on my website and you'll be able to see all real estate data and detailed Lido Beach statistics. @Atlantic Beach is a city in Nassau County, New York. The city is located at 40°35'20''N and 73°43'44''W. According to the United States Census Bureau, the city's population was 1,910. According to the last census, the median income for a household in the city was 113,346. Please visit the city page on my website and you'll be able to see all real estate data and detailed Atlantic Beach statistics.

I know everything about Real Estate. Contact Me!

Neil Sterrer

Sterrer Realty Inc

31 Boyd St. Long Beach, NY 11561

Email: sterrerrealty@gmail.com

Phone: (516) 431-4500, (516) 510-6010

Sterrer Realty, located in the trendy, bustling City called Long Beach, New York, has had a team – oriented approach to serving the barrier beach (Long, Lido, Atlantic, Point Lookout) and Island Park since the late 1980s.
Its team consists of the 2003 LIBOR Realtor/Broker of the year, 2010 LIBOR Community Service Award Recipient and 2011 Spirit Award Winner Neil Sterrer, its owner/broker, and his late wife Camille. She specialized in all aspects of leasing. Several assistants support the team with all back office work freeing the team to better serve the buying and selling public.
Sterrer Realty is an independent boutique office specializing in repeat and referral clients and customers, having always been top producers and pacesetters on the barrier island. They did it by working harder, smarter and full-time.