A Historic Rebound for the Housing MarketPending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors;(
Real Estate Investments Out Performed Wall Street And Precious Metals In 2015
All real estate markets are hyper-local. But nationally, real estate investments had an average return on investment that out-performed the stock market and precious metals too.
The final numbers for 2015 NJ statewide residential sales are not in yet. But as November month end, sales volume year-to-date was up and inventory levels were dropping (indicating that there is more new buyer activity than new listings coming on the market). Home prices are likely to have increased between 2 and 6% in most towns in New Jersey last year and are forecast to go up more in 2016.
Mortgage interest rates are expected to go up later this year too. And IF they do, that erodes purchasing power for many buyers.
So IF you are thinking about jumping into the market, right NOW is a great time. There are some great values to be found in western Morris County (like Randolph Twp., Roxbury Twp., and Chester Twp.) and Sussex County (like Sparta Twp., Byram Twp., Wantage Twp. and Vernon Twp.) in particular.
Call Lynn at 973-222-3777 to set up a buyer consultation and get the ball rolling on your purchase.
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Real Estate Tops Best Investment Poll for 7th Year RunningEvery year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment.