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New Study on Housing

By
Real Estate Agent with Sothbey's International Realty

According to a study by Joint Center for Housing Studies (JCHS) ofHarvard University despite encouraging signs this spring, the real estate market still faces large hurdles but jobs and employment are key factors.   

In the JCHS annual report, The State of the Nation’s Housing, the JCHS has stated that the recovering labor market and low mortgage interest rates should be enough to shore up sales and housing starts following “an expected dip” due to the expiration of the federal homebuyer tax credit.  

The recent upswing in sales has helped stabilize prices in a few areas but the report finds no clear indication of the future direction of prices, since two major indices that track prices show conflicting trends. 

Overall, the study also stated that the consequences of the recession and the financial crises is still with us and the long term outlook is more positive once employment stages a necessary  comeback.

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If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available,  this is the opportunity you have been waiting for.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can also be reached by phone at 201-344-2886.

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Edward Perez, Broker Associate
NJ Luxury Group at Sotheby's International Realty
201.344.2886 mobile
edward@NJLuxuryGroup.com

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Comments (3)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for some helpful data.

Jun 27, 2010 04:27 PM
Richard Byron Smith, NMLS #184479
Mortgage Loan Officer, Fairway Independent Mortgage Corporation NMLS #2289 - Chattanooga, TN
Mortgage Loan Officer

Thanks for referring this report. I am excited to look it over.

Jun 27, 2010 04:29 PM
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Thank you for a very good post with excellent information!

Jun 27, 2010 05:14 PM