Where Are Bergen County Homes Now?

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Where are Bergen County homes now?  We’ve just begun the last quarter of the year so it’s time to take a good look. 2021 makes sense because we haven’t had unusual circumstances.  There was no lockdown.  Most of us are vaccinated.  People are more accommodated to Covid.  Many businesses and restaurants have opened up.  A lot has returned to normal as a result. The New Jersey MLS I use data…

Where is real estate heading?

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Where is real estate heading?  Is the market going to crash?  Should I buy a home?  Should I sell my home?  These are questions I’m hearing more and more lately. Although we are being bombarded with happy reports,  there are also definite signals that change is coming.  What everyone wants to know is when will the market change and how much will it change. Real Estate Market Signals 1. The…

What Do Higher Rates Mean For You

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What do higher rates mean for you?  Does it even make sense to talk about this now?  After all, while rates sometimes rise, they reduce a few days later. However, change is coming.  Because the future will be different,  I believe the time is now to discuss this. Expect mortgage rates to be higher next year.  Let’s talk about why this will happen and what’s best for you. The Fed,…

Real Estate Is Not Slowing Down

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Real estate is not slowing down because a lot has changed fundamentally. New Jersey MLS We’ve had low inventory for quite a while.  Every year it gets worse.  2020 is is the worst ever.  Right now as I write to you, we have 1,910 single family homes on the market for sale.  While nearly 2,000 homes for sale might seem like a lot to you, it’s not.  It’s roughly half…

Bergen County Through August

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Looking at Bergen County through August tells us two things about the real estate market here.  Most importantly the market has fully recovered.  Also while it seemed at times over heated, we’re moving forward conventionally. New Jersey MLS Sales Using the New Jersey MLS Comparative Report, I can compare one year to another.  Because sales figures are not enough, I also look at under contract figures.  Using both gives you…

June Sales Showed A Strong Recovery

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June sales showed a strong recovery according to data just released tonight by New Jersey Realtors.  I’ve been using their housing data for years and June’s real estate market report is very encouraging. Monthly Indicator Report Published every month, the Monthly Indicator Report is an excellent snapshot of how the housing market is doing.  Figures are for 1 year back (Monthly Snapshot) and a comparison to the month before (Indicator…

How Do You Win In This Real Estate Market?

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How do you win in this real estate market?  It takes more than learning about homes and how to write up an offer.  What’s required is a full preparation.  This is because when you find the house you want, you must act forcefully and immediately. If you read what I wrote in June, you’ll understand why this market is tough for you.  Since then it’s gotten tougher. Large scale NYC…

Bergen County Real Estate Today April 27th

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Bergen County Real Estate Today Bergen County Real Estate today is still moving forward at a pretty good clip.  I’m writing this article at 4:20 pm today and here’s what we have: 1,820 are for sale 1,063 are under contract 225 are withdrawn from the market (over the past 30 days) It’s important to remember that a good number of homes for sale have accepted offers.  Because there is no…