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bergen county real estate market: Bergen County Homes Under Contract NJMLS - 11/01/10 10:07 PM
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 spring selling season.

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Richard
REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer
201 573 8811 ext 331 Northern New Jersey's Number 1 new home seller !
Buying or Selling in today's challenging markets, go with the experience and … (2 comments)

bergen county real estate market: Bergen County Home Sales Under Contract Monthly at 4 Year High - 05/07/10 11:21 PM
Bergen County Homes under contract at the end of April hit 4 year high. The Graph below shows the market action. In our March 3rd report we showed a declining diagonal triangle along with the breakouts. "Stating the pace had to pick up now". Well it did and it looks like in May and June it could make more headway. This has changed the direction of this market. Prices are lower but in some markets they are looking better. Lets hope the Wall street heavy finger doesn't change the outlook.


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bergen county real estate market: Bergen County New Jersey Real Estate Bottom At Hand? - 03/28/10 10:13 PM
Watching the market action for real estate in Bergen County has been very interesting. Inventory at late March 2009 for residential sale in Bergen County was about 4160 Homes. As of now, late March 2010 it is 3601 active listings, about a 13.7 percent decrease. Pending sales for the same year over year 480 vs 392, about a 22.5% increase in 2010. Along with a clear change in psychology, this market is moving. If things are prices to sell they will get multiple bids. The high end is still challenged by the Jumbo mortgages requirements but they are selling when they hit a range also. People … (3 comments)

bergen county real estate market: Bergen County Homes Under Contract NJMLS Hold Volume Lows! - 03/03/10 09:54 PM
Bergen County Homes under contract at the end of February hold and diverge the low. It broke out of a diagonal triangle decline which ended in December of 2008 and put in a higher low in December 2009. With a higher sales volume peak of pending home sales in mid 2009 over 2008, there should be a strong move this spring. Somewhat hampered by the weather in January and February, the later spring should see good action. The Graph below shows the market action. Note the declining diagonal triangle along with the breakouts. The pace must pick up now.
 

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bergen county real estate market: Bergen County Real Estate Market - 01/17/10 09:35 PM
The real estate market in Bergen County in the second half 2009 has outpaced 2007 and 2008. However, there are many short sales still waiting to be sold. Pressure of foreclosure, eventurally put these homes on the front burner. I have seen new homes under construction in Upper Saddle River that can be bought for about 50 cents on the dollar. The latest market hot spot are Bergen County lots, if priced they get bid up. There is a certain attraction to people to build new homes. The existing market of new homes built but still unsold are out of sync with … (3 comments)

bergen county real estate market: Bergen County Home Sales NJMLS UC at 24 Month High! - 07/02/09 11:12 PM
Bergen County Homes sales under contract in the NJMLS have hit a 24 month high. Junes 669 contracts is the high month back to May 2007. This is encouraging, as home price declines, favorable available mortgages, pent up demand have help move some inventory. The hope is that prices stabilize and allow people who need to sell to do so. These times are an opportunity for buyers of all kinds. Many people are trying to find there way into the market. When you look around the country you see many markets which have now turned from buyer to seller's market. Not that … (7 comments)

bergen county real estate market: Should Banks tighten credit at market highs or lows? - 05/09/09 09:42 PM
I read, that in a survey of senior loan managers, they had tighten credit over the past 3 month period.
For nearly a decade, while prices push higher by loose credit standards, it was ok to give money away for any credit, for any high price real estate that moved decisively away from the trend line and moving averages. This was a time of high prices rises, that a prudent loan manager should of tighten standards, simple due to excess increases in prices. Now that the worry period is over and prices have come down and the risk of further declines … (10 comments)

bergen county real estate market: The Record, North Jersey Newspaper, quotes Richard Stabile - 05/04/09 06:59 PM
The Record, North Jersey Newspaper quotes Richard Stabile in an article on real estate market conditions, written By Kathleen Lynn and Dave Sheingold. A frequent contributor to the media for real estate matters, Richard has written extensively, on the psychology and conditions of the real estate market in Northern Bergen County and throughout the Country. The article can be read by this link: http://www.northjersey.com/realestate/Even_affluent_towns_see_rise_in_foreclosures.html
another recent Record article:
REMAX Real Estate Associates-Richard Stabile
201 573 8811 ext 331  Northern New Jersey's Number 1 new home seller !
Buying or Selling in today's challenging markets, go with the experience and knowledge. Talk … (5 comments)

 
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Richard Stabile Bergen County New Homes Builder Realtor

Woodcliff Lake, NJ

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REMAX real estate associates

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