A 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
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