The Proof is in the DABOs

So it looks like we are off and running! Though the DABOs are not high (134 as of yesterday in Hoboken...these are the properties that are under contract but not yet closed), for January, it isn't bad and we are seeing properties that are priced well selling at a relatively encouraging rate. With the first time buyer's tax credit at $8,000 and the second time buyer's credit at $6500, buyers are out and looking. And buying...which is a big improvement over this time last year. Properties under $600,000 are getting the most exposure and newer renovation fairs better than older. This promises to be a healthy Spring market with still excellent prices for buyers.