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Answers (14)
Best Answer
- Robert Bruno, "Robert Bruno Realtor"
- Contributions:700
Those of you giving answers please tell us what area you are in and what kind of real estate you sell. I sell new homes.
Here in Central Jersey new home sales are slow, but the lower priced new homes are still selling, if you can find the lots to build on.
Let's get some ideas out there to help our markets. Here's mine:
NJ needs to give effective incentives to developers to build more affordable housing. Tax abatements would do it. Allowing higher zoning would help too. And, there needs to be a great reduction in red tape to get those approvals. Currently it takes 3 to 5 years and costs hundreds of thousands of dollars to subdivide land in NJ. No wonder so many developers have left the state.
Here in Central Jersey new home sales are slow, but the lower priced new homes are still selling, if you can find the lots to build on.
Let's get some ideas out there to help our markets. Here's mine:
NJ needs to give effective incentives to developers to build more affordable housing. Tax abatements would do it. Allowing higher zoning would help too. And, there needs to be a great reduction in red tape to get those approvals. Currently it takes 3 to 5 years and costs hundreds of thousands of dollars to subdivide land in NJ. No wonder so many developers have left the state.
- Travis Waller, "TravisWallerCRS"
- Contributions:90
I'm also in Bergen County NJ. Sales are moving. I list alot of Short sales in the area. All of my listings are under contract and preparing to close except for three, which aren't short sales. I only list residential properties.
The short sales are moving quickly.
I do believe the market in Bergen County has more downside to go. We are now 6th in the nation in unemployment, from a state perspective. In the next year, I do predict that we will see more pressure on pricing and more Realtors leaving the business since we now have mandate on continued education beginning in July 2011. Alot of Realtors are not educated enough on how to close short sales in 60 days.
Contact me if you have questions.
The short sales are moving quickly.
I do believe the market in Bergen County has more downside to go. We are now 6th in the nation in unemployment, from a state perspective. In the next year, I do predict that we will see more pressure on pricing and more Realtors leaving the business since we now have mandate on continued education beginning in July 2011. Alot of Realtors are not educated enough on how to close short sales in 60 days.
Contact me if you have questions.
- Brian French
- Contributions:141
Wisconsin - finding a reverse in the market from what we had 6 months ago, which was lots of first-time home-buyers and no mid-range buyers. Now, we have no first-timers and the mid-range is doing better. Obviously, we used up all of the first-timers who were created with the home-buyer's credit.
This agent sees his market rising!
- Jeana Cowie, "Jeana Cowie"
- Contributions:162
Sounds like just what I thought - some areas are actually doing well, while the majority of areas are still doing poorly.
How about real estate in Florida? Any areas increasing in value?
How about real estate in Florida? Any areas increasing in value?
- David Lett, "davidlett"
- Contributions:13
I work in Ann Arbor, Michigan. Competition has been high for properties and modest appreciation seems to be setting in. Inventory has been falling for the past few months as well.
- Vince Curtis, "SoCal Appraiser"
- Contributions:4699
Nothing good here.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
On Jeraldo Rivera, the prostitute who allegedly slept with Beckam 2 X's bought real estate in Croata and hasn't had to sell her fanny since. LOL
- Elzbieta "Ela" Ravin, "Elzbieta Ravin"
- Contributions:124
Linda, was your note suppose to be funny? Then,... I add that the real estate market in Poland is booming as well.
- Linda Strasberg, "L Strasberg"
- Contributions:2315
Israel's real estate market is booming.
- Eugene Hacker, "RiverLakeRE"
- Contributions:165
In my area the low end is up and the high end is still headed down.
YOY data for some California cities shows pretty substantial increases....others show decreases.
YOY data for some California cities shows pretty substantial increases....others show decreases.
- SoCal_Engr
- Contributions:5663
Maybe waaaay too local, but...
On my street, 4 houses have sold in the last 6 months at prices about 30%-to-45% over their original 2003 prices. Total number houses on my cul-de-sac is 15.
On my street, 4 houses have sold in the last 6 months at prices about 30%-to-45% over their original 2003 prices. Total number houses on my cul-de-sac is 15.
- Dan, "the_country_hick"
- Contributions:4694
Earlier this year just in the last few months sales were at 1995 levels. That says it all. Few buyers still want to buy now.
- Michael Emery, "MikeEmery"
- Contributions:7296
No buyers.
Too many sellers.
We're anticipating sales to be flat at best in 2011. And that might just be wishful thinking.
Too many sellers.
We're anticipating sales to be flat at best in 2011. And that might just be wishful thinking.
Does any real estate agent see their market improving?
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- 5.0/5.0
- (22 reviews)
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