I have always hated it when real estate professionals say “it’s a great time to buy.” It always seems so self-serving, and I know it immediately causes suspicion. So I’m not going to SAY that it’s a great time to buy a home right now. I’m just going to show you. Specifically, I’m going to show you that the monthly payment you need to make to buy an averaged priced home … [Read more...]
So What’s Going on in the Passaic County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Passaic County housing market surged in the third quarter of 2015, with sales activity up dramatically but prices relatively flat. If we continue to see these kinds of increases in buyer demand, though, it’s only a matter of time before Passaic experiences meaningful price appreciation. Sales. Passaic sales were up dramatically in the second quarter, rising 22.3% from … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q3
The housing market in Westchester and the Hudson Valley surged forward in the third quarter of 2015, with sales up dramatically throughout the region. More importantly, several counties showed signs of “green shoots” of meaningful price appreciation, reflecting the impact of the sustained increases in buyer demand that we’ve seen over the past few years. Home sales continued … [Read more...]
Passaic County Affordability: The Monthly Payment You Need to Buy a Home in Passaic is as Low as it’s Been for the Past 20 Years
Homes in Passaic County are about as affordable as they have been in over 20 years. What do I mean by that? It’s simple. Basically, the monthly mortgage payment it takes to purchase the average-priced home in Passaic is about as low as it’s been since 1985. If you look at the attached graph, you’ll see what I’m talking about. On that graph, we’ve plotted the monthly … [Read more...]
So What’s Going on in the Market?: The Rand Quarterly Market Report for Westchester and the Hudson Valley Region for 2015Q2
This week, Better Homes and Gardens Rand Realty is releasing its Quarterly Market Report for all the counties it services: Westchester, Putnam, Rockland, Orange, and Dutchess Counties in New York; and Bergen, Passaic, and Morris Counties in New Jersey. Below is an excerpt from the report, but you can get the full Report here. The real estate market in Westchester and the … [Read more...]