Fall’s Market Update: Great News for Buyers Who Were Waiting for Opportunity!

by on October 26, 2018

The latest fall market update brings huge opportunities for buyers. Now is the time to jump into the market!

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Are you a first-time home buyer who would like to jump into the housing market when the right opportunity presents itself?

Do you own a home that you’re outgrowing?

Are you choosing between moving to a larger home vs. doing an addition?

If you answered yes to any of the above, then watch our latest video to learn about the opportunities available to you in our NJ real estate market:

If you are a move-up buyer, we have great news for you: you can have your cake and eat it too! There are only a handful of times in history where entry-level homes are commanding top dollar, while the mid- to upper-level homes have come down in price, and interest rates remained at historical lows. It is the perfect storm for you to grab this opportunity! Now is the time to move up to your dream home. You can buy a new or renovated home at prices we haven’t seen in years.

To see the rest of the updates on our fall market, watch this short video.

With a combination of increased inventory and many great deals out there, buyers have a window of opportunity—in this market. Why the push down in prices? This is partially due to seasonality, demographics, baby boomers downsizing, normal market cycles, and the 1% increase in interest rates over the past year affecting affordability. It is important to keep in mind that another 1% rise in interest equates with a 10-12% decrease in your purchasing power. So if you are considering buying a home either for the first time or selling your current home to upsize or downsize, our team of specialists is happy to meet with you for a Buyer/Seller Consultation. Our goal is to help you outline a plan that makes the most sense for you and for your family.

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