Low Inventory + Higher RentsA case could be made that this could begin to lead to price increases in the near future.

Additionally, recent news on the economy has been getting better lately and you know what this could lead to....... interest rates might start to go up!!

Hoboken is experiencing extremely low inventory of available condominiums. As of today, there are only a total of 215 units available for sale.

Six months ago, there were nearly 400 condos on the market!

If the current demand picks up just slightly, it just might ignite the lackluster activity of the past 3 months where we've averaged approximately 32 contracts per month.

Why wait? Let me know if you would like to start the home search in earnest.

Here are just a few of the headlines TODAY. I wanted to share this with you today as the LARGEST cost of home ownership is the interest. Remember the old adage, "you don't live in the purchase price, you live in the monthly payment" (i.e. interest rate).

 

Jobless Claims, Factory Data Suggest Recovery Picking Up

http://www.cnbc.com/id/45681589


Stocks Gain as Economy Shows Some Strength

http://www.cnbc.com/id/45680479

 

Have a great day!

Eddie

 

re/max, logoEddie Perezfacebook, logo
Broker - REALTOR
RE/MAX Gold Coast Realty
56 Newark St.    ·      Hoboken, NJ 07030
Phone (201) 344-2886   ·   Office (201) 795-5200 ext 423

E-Mail Me 

 
 
This post has been included in New Jersey Real Estate News Hudson County, NJ Real Estate News Hoboken, NJ Real Estate News
Post is included in group: All About NJ Real Estate
Post is included in group: Delaware Valley Region
Post is included in group: Garden State Real Estate
Post is included in group: Hudson Valley
Post is included in group: New Jersey Real Estate Experts

3 Comments on Low Inventory + Higher Rents = ?

DEC
23
2011
1,157,626 Points 38 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Wow! Best of luck in 2012 ans Happy holidays, Eddie!

Stop by for the Holidays!

 

Love and light,

Laura

 
10:04pm • #1
334,005 Points Outside Blog

We are experiencing low inventory level here in the Phoenix Metro area... and, we having been seeing the higher rents for a while now.
10:05pm • #2
DEC
26
2011
159,584 Points 2 Featured Posts Attended Rain Camp

This doesn't seem to be just a Hoboken rental thing. Thanks for the comments and Merry Christmas.
10:52am • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Eddie_clock_lg Rainmaker_large

Eddie Perez - Hoboken Condo Living

Hoboken, NJ

More about me…

RE/MAX Gold Coast Realty

Address: 56 Newark St, Hoboken, NJ, 07030

Office Phone: (201) 795-5200 x 423

Cell Phone: (201) 344-2886

Email Me

Market news,stats, new listings, price reductions and lots of other useful info about condos and other real estate in Hoboken, NJ.

If you enjoy what you are reading, remember to subscribe to my blog. It is my focus to provide relevant greater Hoboken real estate market information on real world level. No media hype. No fluff. Just a real voice based on an active Hoboken REALTOR (R).

Hoboken Condo Living



Listings
Pic%201%20-%20living%20&%20dining%20room
$3,800
2 br, 2 ba, 1,315 sqft
Imagine the easy of a 4 minute stroll to the PATH and back home to your exqui...
Pic%201-%20kitchen,%20living,%20and%20dining%20(small)
$579,000
2 br, 2 ba, 1,332 sqft
OPEN HOUSE Sunday May 26 1PM-4PM -Trendy Hamilton Park Duplex Condo – Serious...

Links

Archives

RSS 2.0 Feed for this blog

Find NJ real estate agents and Hoboken real estate on ActiveRain.