National Housing Numbers are Looking Good...NJ is Looking Better

This latest news is on top of positive news on building permits, housing starts and national home prices.

Now is a great time to consider entering the market:

• Interest rates are still near all-time lows.
• Affordability is high.
• Prices are starting to climb.

Consider what Jeffrey Otteau, New Jersey's real estate valuation guru, had to say this week about the local NJ real estate market.

"With evidence mounting that the national housing market is beginning to show signs of life, New Jersey is experiencing a stronger recovery pace than the rest of the nation.  To illustrate this, consider that national existing home sales rose in June for the 3rd consecutive month marking the first time this has occurred since 2004.  In New Jersey however, home sales have now risen for 6 straight months which last occurred back in 2003 in the midst of a home buying frenzy fueled by the sub-prime lending boom."

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New Jersey Home Sales Rise for Sixth Month In a Row