A commentary and analysis on market psychology and timing. I was a Remax owner for 27 years and selling real estate for over 35 years, I have followed the markets closely. Along with Elliott wave theory and various indicators I have called the top in 1987 and the bottom in 1991/92 along with the top in 2005. I successfully predicted a bottom in 2009 in our local Bergen County New Jersey markets along with ideas on our national markets.
RECENT BLOG POSTS
Just sold 4 year old French ManorBuilt by Richard Stabile and now resold due to owner relocating. New Homes
Upper Saddle River, Bergen County New Jersey, East Crescent Estates Condominiums Investor units available, fully rented. Financing available to quailified buyers with 20% down payment. From $569,000 to $599,000 with 3 bedrooms and 3.5 baths 2 car garages, the units are nicely trimmed and included...
With hugh amounts of money in the system, when are they going to give it away again? I got a call last week about 10% down commercial money. I don't know what the programs will be yet, but it is going to happen. There will be a little here a little there, but the gates are going to open. The Fed...
Bergen County homes under contract are trying to hold their lows. After a good spring the seasonal pressures are weighting down volume. Holding last winters low is an important technical pivot to next springs outlook. Declines in prices and low interest rates are possible fuel to having a good sp...
22 Pembroke Trail in Upper Saddle River marketed by Richard Stabile sold and closed in highest and best bid sale. This 8800 sq ft. approx home, plus finished basement, having the finest finishes brought in $2,900.000 with the interior lighting and window treatments. The highest sale in Upper Sadd...
Back in March of 2009 I wrote " Credit Challenged Society", with all the foreclosures and shortsales and the like who would be left to buy. It is said that 25% of the houses are in some stage of foreclosure or not being paid as intended. The economy can not get traction with 25% of the people not...
Many years ago I sold my own house in the late 80's market by a lease purchase. It was a tough market with the savings and loan crisis. The idea is to get a deposit on the purchase up front and lease payments, basically rent over a period. In many cases some rent will be applied to the purchase p...
Another new home sold and closed in Old Tappan by team member Antoinette Gangi. With some interior design help from Richard, this home was sold while being constructed. Antoinette is a high energy Realtor in our new home team. Located at 159 Birchwood Rd. in Old Tappan, this new 4874 sq ft, 5 ...
It seems that the home buyer tax credit had put a bid in the real estate market this past spring. Most markets since have slow down considerably. Yes, it was spring the strongest season and it pulled many buyers out early, but you can feel the difference in the lower end of the market. If the low...
Most lots in Saddle River are zoned 2 acres minimum. This lot in on a very prestigious street, is approx. 2.32 acres and sold for $1,800,000. Sold in a Bankruptcy sale, It went to the highest bidder without contingencies. Listed and marketed by Richard Stabile the property is now being ready to b...