News

A positive outlook for the upcoming real estate market-

Message received today from Jim Weichert:

I told you last week that I believe 2015 will be the best year for real estate in a while. I outlined the unique selling situation we are in, highlighted by interest rates still near their all-time lows, a better selection of inventory than we’ve had in a long time and buyer confidence at the highest level since 2007. On top of that, gas prices are very low, which helps consumers and the economy, plus we’ve had much less snow so far this year!

Here are some numbers which will help you see just how favorable current conditions are, compared to even just a few years ago: 

Now

2013

2010

Gas per gallon (NY area)

$1.99

$3.81

$2.73

Stock market (Dow Jones)

17,893

14,776

11,578

Avg. 30-year fixed rate

3.73%

4.43%

4.71%

Consumer confidence rating

92.6

76.2

   63.4

Household income

$53,891

$53,046

$49,276

Unemployment rate

5.67%

7.4%

9.3%

Foreclosures

1,117,426

1,369 ,405

2,871,891

 

Welcome Autumn!

Fall is my favorite time of year, everything seems to “get back to a schedule” after the hot summer days are over and school begins again.  I love the cooler weather and the beautiful colors emerging as Mother Nature sets the stage for colder days to come.

Stultz Farm

Stultz Farm

Stultz Farm Pumpkins 10022013Many happy times were spent at Stultz Farm when my daughter was young, picking strawberries and, in the Fall – pumpkins! I snapped these 2 pictures on my way to the office this morning.  Stultz Farm, in Cranbury, is a large, pick-your-own farm that runs from early Spring to late Fall that, thankfully has been preserved forever as farmland! PS – They have the BEST corn around!

MARKET SEMINAR!

You’re invited to attend our Market Seminar at my Office on December 10, 2011 at 10:45 AM.  It’s a valuable hour spent so that you can understand what is happening in the local real estate market not what you hear nationally!  If you’re thinking of making a move in 2012, this is a session not to be missed.  Please email or call me to reserve your seat!

Cranbury Market Update
Real Estate Market Chart by Altos Research www.altosresearch.com Real Estate Market Chart by Altos Research www.altosresearch.com Real Estate Market Chart by Altos Research www.altosresearch.com