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New Jersey Homes Buyers Becoming A Little More Active
By admin | December 8, 2008
After a very slow October and November for New Jersey real estate sales, the home buyers seem to be a little more active in December. Most of the home buyers seem to be first time home buyers or relocation home buyers, but home buyers they are just the same.
Many of these home buyers talk of getting a great deal on a home, or getting a great mortgage rate, and being sure to get a 30 year fixed rate mortgage of course. The fixed rate mortgage talk is for sure a reaction to all the sub-prime mortgage problems we have gone through.
The upper end of the market such as Short Hills Luxury real estate does not seem to be doing so well though. Many of the people who can afford to purchase homes in such a price range, also tend to have exposure to the finance industry and are now in fear for their jobs.
The Summit NJ Real Estate market will likely find that it is in the same possition soon as the Morristown NJ Real Estate market which is seeing the low end of the market doing well but the upper end not seeing much of any activity.
All in all I do think that 2009 is going to be a better market than 2008 was. 2008 started off fairly good but quickly petered out and the the financial crisis hit and things really slowed down.
New Jersey MLS property listings site map
James Boyer
New Jersey REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
9730647-0253 Direct
Short Hills Luxury Real Estate | Summit NJ Real Estate | Morristown NJ Real Estate | New Jersey Real Estate
Category: Morristown, Summit |
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