National Housing Numbers are Looking Good…NJ is Looking Better

Money and Piggy Bank

This latest news is on top of positive news on building permits, housing starts and national home prices.

Now is a great time to consider entering the market:

  • Interest rates are still near all-time lows.
  • Affordability is high.
  • Prices are starting to climb.

Consider what Jeffrey Otteau, New Jersey’s real estate valuation guru, had to say this week about the local NJ real estate market.

“With evidence mounting that the national housing market is beginning to show signs of life, New Jersey is experiencing a stronger recovery pace than the rest of the nation.  To illustrate this, consider that national existing home sales rose in June for the 3rd consecutive month marking the first time this has occurred since 2004.  In New Jersey however, home sales have now risen for 6 straight months which last occurred back in 2003 in the midst of a home buying frenzy fueled by the sub-prime lending boom.”

Related Articles

Ridgewood Real Estate Update (July 18 – July 24) – The Trade-Up Buyer is Back

Mortgage Applications, Building Permits and Housing Starts All Rise

Ridgewood NJ Continues to Draw Down Its Real Estate Inventory – July 11-17

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About Al Donohue

Al Donohue heads up Marron Gildea & Donohue’s Ridgewood office and is one of the top agents in Bergen County.

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Al attributes much of his success to lessons learned during his years as a top sales executive on Wall Street. Most of Al’s clients are busy professionals and business owners and they love the fact that he speaks their language and understands the incredible demands on their time. Al stays in constant touch with his clients not only through phone calls and face-to-face meetings but also through email, instant messaging, and web pages created specifically for his clients. Clients can view the status of the sale of their home, read feedback from agents that have shown their home and review the status of their personal marketing plan 24-hours-a-day via their personal web page.

Al understands that technology is just a tool and says it is really his focus on providing world class customer service that has enabled him to achieve great results for his clients. He says the key to his success has been his ability to listen more than he speaks and always put the needs of his clients first.