Friday, October 2

The Bottom

Speculation is still circling around whether or not we have "hit bottom". I have read market reports that insist the real estate market will still drop 10%. Meanwhile, markets like those out west and in the mid-west, markets that have been in crisis for years, are starting to see a low but steady recovery. Overall, the National Association of Realtors reports a sizable increase in sales in the last three to four months. Certainly the $8000 federal credit might have helped. The Spring was lukewarm here in Hoboken, but the summer was a bit better than expected. Of course, no one knows if we have "hit bottom" but the freefall has certainly stopped here in Hoboken. Though I do not think we will see any increase in prices any time soon (prices having dropped 20$ from the height of the market), I don't think we will see a further decline...I think we will hold steady where we are now. That is just my opinion, now twelve years in the business.... for what it is worth.

Hoboken Realtor on Real Estate Now

Welcome to First Exit in New Jersey!

I am Stacey Morrison, a veteran of real estate sales in Hoboken, NJ. This blog is a straight-up discussion of real estate here from a Realtor's professional point of view.

Please feel free to write me with questions or comments. :)