Sure the real estate market is down nationwide and home prices are declining. But the slump is on a national level. Here in Bergen County, New Jersey, some areas are up and continuing to rise. There are other areas of Bergen County that have not fared so well. So when articles come out with headlines, "In North Jersey foreclosures are up, home sales down," While this may be true, the market moves in cycles.
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We are certainly in an area of the country that - while prices have adjusted downward a bit - the bottom hasn't dropped out, nor by most accounts will it. Unfortunately the media tends to paint the entire country with the same broad brush. It's great to see some localized reports. There is still a demand for housing in North Jersey and I imagine that's especially true in Bergen County. It's great to see some localized reports on market conditions
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