At the end of last week there were a few articles in the news that were very negative regarding the real estate market. I need to remind you all once again that real estate is a very local thing. The negative articles that I saw were about the entire country! You cannot lump the entire country into one article! Yes, there are some parts of the country where real estate is hurting tremendously, such as Las Vegas and parts of Florida and California.
While we are certainly not “flying high” in North Jersey like we were in real estate in the early 2000’s, we are far from dead here!!!! In fact, the market has been fairly active, especially considering that this time of year people are often distracted with end of summer, and getting ready for college and school, etc.
The Buyers realize that there are tremedous bargains available and the mortgage rates are so low. It is an amazing time to buy! While the numbers of Buyers may be lower than at other times in the past, they are commited and serious about buying.
So please, whenever you see a real estate article in the press, realize that the gloom and doom is probably about some other area of the country and not our part of the country.
Thanks for reading my North Jersey Real Estate Blog!
Sally Ponchak, ABR, GRI
Coldwell Banker, Wyckoff, NJ
201-848-3214
Email: sally@sallyponchak.com
I can help you purchase a home or
sell your home in the towns of
Allendale, Franklin Lakes, Glen Rock,
HoHoKus, Mahwah, Midland Park,
Oakland, Ramsey, Ridgewood, Saddle River,
Upper Saddle River, Waldwick, Wyckoff

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