Learn today’s market conditions and how negative inventory affects both buyers and sellers
Posts Tagged: real estate
Bergen County Real Estate is Soaring
It’s May 15th at 10 pm and I just took a look at the New Jersey MLS figures. What I found is that Bergen County real estate is soaring. Bergen County Real Estate Right now there are 2,993 single family homes for sale and 1,531 under contract in the entire NJMLS. That’s an astounding 2… Read more »
Bergen County Real Estate – A First Quarter Report
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
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
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 »
Don’t Be Outsourced By Your Real Estate Attorney
Beware legal and title outsourcing – it’s here in Bergen County and in my opinion it’s getting worse. Some real estate attorneys are outsourcing their work to title companies. This is a huge problem in my view. They don’t tell you they’re doing this but they do quote lower fees. As a result, you hire… Read more »
The Otteau Valuation Group
If you’ve been reading my blog, then you know about The Otteau Valuation Group
Bergen County Homes – Through March 15th
The real estate market for Bergen County homes continues to improve. Comparing 2012 to 2013 through March 15th, sales are up 9.6% (707 to 775) and homes under contract are up 16.5% (1,118 to 1,302). Multiple offers are now commonplace and prices are rising in many towns. Where prices are not rising, they are staying pretty even for the… Read more »
Bergen County Real Estate Has Stabilized
Bergen County real estate has stabilized. This was my projection last year and I am very happy to say that I was right on target. What I’d said and written was that by the end of 2009 the market would stabilize. It has done exactly that. Our housing market is improving. New Jersey MLS data,… Read more »
Real Estate Recovery Signs – Foreclosure Rates Are Down in NJ
While national foreclosure rates rose 15% during the first half of 2009, in New Jersey foreclosures are dropping. NJ foreclosures are down by 30% for the first six months of 2009 compared to the same period in 2008 according to Realty Trac. In May, the New Jersey Judiciary announced foreclosure activity for the first 4… Read more »
