Is it going to be a long hot summer? Or is it a hot summer for real estate?

The sellers are capitulating to the notion of a long hot slow summer.

However, as you can read in my prior entries on this blog page, it may be a hot summer for real estate. Speaking of Northern Bergen county area, I see the pendulum moving from severe bear market to action and volume at the lows. This is a first sign of recovery. Especially, this late in the spring. Read the other sections of this blog page if you are a potential buyer or seller in the North Jersey real estate market. I guess it can stand true for other areas as well. I specialize in Northern Bergen, Saddle River, Upper Saddle River, Woodcliff Lake, River Vale, Hillsdale, Old Tappan, Harrington Park, and the surrounding towns. The indicators I have will carry far beyond this area. I don't want to speak about Florida or Nevada and the areas of severe over building because I don't have current data.

Prices have dropped and are in a basing period in my view. I am not sure if the summer stays busy. That may be asking too much however, I think buyers are poking around and making deals. And as always will be motivated by fear and greed. Wanting the best deals but, not wanting to get beat out all the time.

 It will be fun to see how it plays out, totally opposite of general consensus as always.

Richard

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