LONG ISLAND REAL ESTATE BRIEF
- Jaime Hechtman Ulloa
- Jun 6
- 2 min read
LONG ISLAND REAL ESTATE BRIEF
with Jaime Hechtman Ulloa
Your Trusted Translator of Market Moves
📞 631.664.0268
Could You Buy a Home With Gold? Florida Thinks So….But What About New York?
No, this isn’t a plot twist from a finance thriller. It’s real policy.
Florida just signed a bill into law recognizing gold and silver as legal money, opening the door for these precious metals to potentially be used in home transactions. Starting July 1, 2026, gold and silver coins stamped with their weight, purity, and origin could be used for payments, including down payments or even full home purchases.
📌 And Florida isn’t alone. States like Texas, Utah, and Louisiana are exploring similar paths.
What Does This Mean for Real Estate?
While the law is new and largely symbolic for now, it taps into a growing national conversation:
👉 How do we hedge against inflation?
👉 Will traditional currency remain king?
👉 Could alternative forms of payment…including gold, silver, or even crypto - become normalized in real estate?
It also raises real questions about how mortgage lenders, title companies, banks, and tax regulations would work with fluctuating asset values. Most experts agree: this is more long-term trend than immediate disruption.
But make no mistake, it’s a bold move. And it’s worth watching.
How Does This Impact Long Island?
Here’s where Long Island is different - and thriving:
✅ Our market is strong, stable, and growing. Buyers are still competing. Recenlty, one of our Shirley listings went $60,000 over asking in just 2 days, we didn’t even list Riverhead yet and already had a buyer stop and request to buy.
✅ We know that New York isn’t talking about gold, but we are talking about smart, tangible investments, in homes, land, and local growth.
✅ New development = real wealth. From Kings Park’s ahead-of-schedule sewer work to revitalization efforts in Selden and Port Jefferson, we’re seeing middle-market areas turn into hot zones for buyers and investors alike.
These changes aren’t just aesthetic, they’re economic. New housing brings new jobs, tax revenue, and opportunity, and towns like Smithtown are setting a strong example of how to balance progress with smart growth.
Coming Soon: See the Market for Yourself
We’ll be watching closely to see how the market performs as summer heats up.
And speaking of heat - this is what we have coming up:
BROKER OPEN HOUSE
📍 16 Walker Court, East Quogue
📅 Monday, June 9th
🕛 12–2 PM
🍴 Food & drinks provided by CLIFFCO Mortgage Bankers
OPEN HOUSE – NORTH CAROLINA
📍 35 Pine Water Way, Spring Lake
📅 Saturday, June 7th
🕛 12–2 PM
🏘️ 3 Bedrooms | 2.5 Baths | Anderson Creek
And next weekend:
📍 Don’t miss our upcoming Open House
1 Winthrop, Islip
🗓 Saturday, June 14th | 🕛 12–2PM
Will they go over asking too? Stay tuned… or better yet….come see it yourself.
In Summary:
Florida may be betting on gold, but here on Long Island, the smartest currency is local insight.
If you’re wondering what today’s headlines mean for your home, your next move, or your portfolio, I’ve got you covered.
📞 631.664.0268
Let’s talk real estate. Let’s build legacies!
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