The Past Does Not Equal the Future - 06/16/07 01:34 PM
Many sellers today are thinking that if we hold on to our house the market will boom again in a couple of years. It may. However history shows that what has happened in the last five years in the Somerset Hills real estate market probably will not happen again for quite some time.
The last time the market had a run- up in values like that was almost twenty years ago between 1985-1988. Much of that vibrant market was caused by pent up housing ownership demands caused by the high interest rates of the late 1970's and the early 1980's. The stock … (0 comments)

Latest Real Estate Market Info for Basking Ridge and Area - 06/12/07 04:08 PM
The spring market is here though it is not the market we have come to know for the last few years. Houses are taking longer to sell, there are less showings and the interest rates are higher(up in the last week a 1/2%) so the statistics you will see in the media several months from now will not be glowing. That's ok. The market  has not now shown signs of collapsing, the inventory of unsold homes seems to have crested and there are still buyers looking for homes. If you are looking for a home be patient but not too patient. … (0 comments)

Current Market Conditions Require Good Guidance - 06/04/07 05:34 PM
The real estate market is feeling the effects of the changes in the mortgage market as well as the continued(though somewhat reduced) media message of a terrible real estate market. Is the market humming along? No. Is it that no homes are selling? No. The truth lies as usual somewhere in between. Houses priced at 2005 levels are selling quickly and in certain cases with multiple offers. This is happening in the condo market and the highend luxury market. What are the 2005 levels? Probably about 5-7 percent below the high water mark set in 2006. Right now that seems to be the markets' adjustment.  Whether it … (0 comments)

 
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Don Hansen

Basking Ridge, NJ

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C-21 New Beginnings Realty

Office Phone: (908) 647-2000 x 208

Cell Phone: (908) 500-0116

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Information on the Real Estate Market in and Around Basking Ridge, New Jersey


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