An "informed but informal" place to find real estate information
For those of you that think that the life of a post modern blogger is filled with big parties and attendance at blogging premiers, I hate to burst your bubble but many a night, I can be found at home with my husband watching the new tv program "deal or no deal". The tension in that show drives from the fact that the decisions of the players has everything to do with timing. And so it is with the real estate market. The fact is if you bought real estate in 2003 or 2004, you are most likely sitting happy in 2006 with a big increase in equity. However, if you bought in 2005, you may not be experiencing the same high rate of return. Real estate is about momentum. In today's market, there are 2 kinds of sellers of recent inventory - those people that saw a big enough of an increase in equity that they can afford to sell and still make a profit and then there are those people that for whatever reason have to sell now and find that they are not going have bidding wars, make a huge profit on a recent purchase and must begin to price more realistically in order to attract buyers. All of this indicates that we are in a self correcting market and as long as no one panics, this can eventually lead us to a lot of stability and strength to the overall increase of prices that we have seen over the past 3 years. In today's market there are the same amount of buyers that there were over the last few years, the difference is that there are a lot more sellers out there offering similar product. So the question that you have to ask yourself in this market, is "deal or no deal?"
About me
- I'm Judy Marciano
- From Hoboken, NJ, United States
- Thanks for checking out my blog. I am a full time licensed NJ real estate agent in Hoboken at Empire Realty Group. As I go thru Hudson County each day, often I stop to take a picture. Feel free to contact me for any real estate assistance at jmarciano@empiregroup.com
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