Another interest rate hike this week has many residents wondering if Long Island?s real estate bubble is bursting.

Some analysts say they believe a buyer?s market is forming, with more houses on the market. However, many industry groups insist the sky is not falling. Some experts say the market is moving from robust back to normal conditions.

Real estate agents say the key to selling is setting the right price and making everyone comfortable with some new facts of life. They say the bubble is softening, but still has a long way to go before bursting.