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Betti Russo

Realtor® / Broker Manager (973) 650-6415

Betti Russo

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Here's the Skinny on NJ Real Estate in 2019

(Published on - 1/2/2019 12:59:28 PM)

Lately I've been asked a lot about the future of real estate and what we should expect in 2019.  Here's the skinny...

 

Last spring and summer we experienced a very strong market with quick turnaround times and multiple offers galore, which had been building up over the past few years. Although we are still seeing this in many cases, the market has softened a bit.  A "softening" Real Estate market simply means that the market is stabilizing...there is nothing to fear here my friends.  We are not heading towards the real estate bubble we eperienced in 2008.  In fact, home values are still on the rise...just at a slower, more "normal" pace.  And although mortgage rates are also on the rise, we are no where near the high rates of years gone by.  In fact, we recently saw a small decline in mortgage rates! Surprise, surpirse!

 

No matter how you slice it, it's still a great time to buy and sell real estate.  If you're contemplating a move this year, please call on me...I'd be honored to help.  In the meantime, I'd like to wish you and your loved ones a blessed, happy and healthy 2019.

 

Best Regards,

Betti Russo

 

ps/  Please join the conversation at North Jersey Lifestyle for everything North Jersey Lifestyle & Real Estate.


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