|
|
| |
housing market: Central New Jersey Housing Market Conditions
- 10/21/10 05:55 AM
I recently attended a Board of Realtors seminar which was quite informative. The presenter used slides representing numerous points which represented return on investment, cost analysis using today’s low interest rates, percent change in sales by price range, mortgage delinquencies and foreclosures by period past due and home price expectation survey to name a few.
Of these the ones that had the greatest impact on me were, return on investment, which demonstrated that from January 1st, 2000 to September 1st, 2010, the Dow, S&P and NASDAQ all showed losses as compared to Real Estate which demonstrated a significant gain. This … (0 comments)
|
housing market: Be Realistic About Your Home's Value
- 08/09/10 06:16 AM
There are a lot of factors that go into selling your home - beyond the traditional financial factors, there are emotional and psychological factors that play into a buyer's decision to move into your home.
Buyers today are more attracted to homes that are "move-in" or "turn-key" ready. It is true that some properties are sold ‘as-is' or as fixer-uppers. As a general rule, however, buyers like to see a well-maintained home. Even small details like paint can make your home more or less appealing based on the color and condition of it. Clean, neutral décor is considered best when selling … (0 comments)
|
housing market: Economic Attitudes
- 03/25/10 08:05 AM
A trend has emerged, at least in our local market of Central New Jersey. Granted, all situations are different. But I was currently speaking with Lidia Gabinelli, a member of my team, on any trends or patterns she had noticed in today's market vs. the past. Here are a few:
"In today's economic climate, many people are being forced to sell their homes at a loss, many of which are selling as short sales, sometimes at a loss of 10-15% or more. This is a humbling process for a lot of people."
"Many buyers are unrelenting and unsympathetic to this fact, … (0 comments)
|
housing market: How’s the housing market doing in Central New Jersey?
- 05/19/09 05:37 AM
The tax credit has helped spur the first-time buyer or low-end housing market. It appears our strongest sector of housing sales is in the sub-$400,000 price range. Homes are selling within 5% of the listing price.
The mid-housing market appears alittle slower but sales are occurring. Many may be from the move up buyer who sold in the starter range under $400,000.
However, the higher-end market over $700,000 and under $1,000,000 is even slower with negotiations running within 10% of asking price on average.
And finally the luxury market which includes properties over $1,000,000, we have noticed … (0 comments)
|
|
|
|
|
|
|
|
;)
;)
;)
