Real Estate Expert in Essex, Morris and Union Counties in New JerseyServices to Buyers and Sellers including Bankrupcy and Foreclosure Properties
What's a home worth?I am going to provide some economic data on this page and on the sub-pages that you can get to with just a click. I will look at economic indicators like the S&P Case Shiller Report and what it means to us in the Metropolitan NY Region. I will also look at housing starts, foreclosure rates, pre-foreclosures, short sales and Absorption Rates. Motivated transactions play a large role in understanding housing prices and are explored in detail when looking at the RPX Home Index. What do the topics you hear talked about by the talking heads on TV really mean? I will explore these topics and try to provide thoughtful analysis as to how they relate to the local market. I will try to keep away from the typical real estate agent story line of how now is the time to buy or the time to sell depending upon who you are talking to. Our New Jersey Real Estate market is unique in that it is driven by local forces and we are impacted significantly by the New York City financial markets and what is happening on Wall Street. Many of our home owners in Northern New Jersey are employed by NYC financial institutions directly or by associated companies and we feel the effect of the health of the Wall Street Financial institutions. We need to get back to thinking about our homes the way my parents thought about their home. First and foremost as a place to live and if it works out as an investment, that's the whipped cream on top of the ice cream soda. Selling Your Home? When you start thinking about selling your home the first question you usually want to know is how much can I sell it for? "What is my home worth?" The value of your home is determined by a number of factors, usually the most important of which is what other similar homes in your area selling for. Other factors are the things that make your home special, the features that you have added to your home.
|
||