Bergen County Real Estate – A First Quarter Report

Posted by & filed under Bergen County LIfe, Buying, Selling.

Bergen County real estate is important.  This is the largest county in New Jersey with 948,000+ people and we are one of the most affluent counties in the US.  What happens here influences everyone in the NYC metropolitan area.  The Bergen County housing market reflects the Tri-State economy and outlook.  So let’s take a look… Read more »

Real Estate is Changing

Posted by & filed under Buying, Selling.

Real estate is changing.  It’s been happening for a while but most people haven’t noticed it.  We are in the very early stages of a transition and that’s good. The housing market is cyclical.  There are times when prices go up and times when prices go down.  The long term trajectory is always up but… Read more »

Real Estate Market Update

Posted by & filed under Buying, Selling.

Here is a real estate market update report for you now that we’re through July: Fewer sales are happening in 2014 but not because demand is weakening.  Far from it.  Demand is strong but supply is down.  This is reflected in fewer days on the market.  Less supply – increased and/or equal demand = pressure on pricing. … Read more »

Tenafly East Hill Homes

Posted by & filed under Buying, Selling.

On January 27, 2009, a home at 221 Churchill Road was listed for sale at $1,590,000. This was an extremely well kept original ranch on a gorgeous acre lot. It was listed twice – as a single family home and as a building lot. Tenafly East Hill original homes are in high demand.  Their acre properties are… Read more »

Fannie Mae and Freddie Mac Are Easing Jumbo Mortgage Terms

Posted by & filed under Buying, Selling.

Fannie Mae and Freddie Mac buy mortgages which means that they guarantee them. Without the backing of Fannie and Freddie, mortgage lenders have to find other investors to sell their mortgage loans to and those investors charge more so interest rates are higher. Fannie and Freddie backed mortgages are called conforming; the others are called… Read more »