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I promised that last week I would do an update on Hoboken and Hudson County inventory levels. Below is a graph of housing market statistics for the month of June. Notice the Days on Market. Hoboken is well below the Hudson County average, which means that homes in Hoboken are selling MUCH faster than other areas of the county.
Hoboken real estate can arguably be at the bottom of the barrel. It may or may not be. What I do know is this - builders will begin to entertain new construction at the 6-7 month point which is the break even time parameter of debating a buyers or sellers market. Although we are not quite there yet, I think the numbers are indicative to how close we can possibly be to a balanced real estate market. Read the full story »
Oh, the dreaded maintenance fees. I get a lot of clients across New Jersey that ask me what is included in “maintenance fees.” This is after their jaw drops to the ground once we tell …
As we come to the middle point of the year for 2009, I figured I’d discuss something a lot of people would probably want to know. For those that ask me how long it will …
It’s hard enough to sustain a living when you are in the real estate industry. Whether you are a builder, a broker, agent, mortgage broker, banker, or whatever, most of us rely on one guy …
Warren Buffett beat me on the Forbes Richest People’s list by a few hundred dollars, so I guess he can’t be that much of a buffoon, but his latest comments kind of irked me. I’ve …
The Federal Reserve expectedly mentioned Wednesday that the weak economy likely will keep prices in check despite growing concerns that the trillions it’s pumping into the financial system will ignite inflation. The central bank said that the …
Attention all you Goldman Sachs employees and all other investment bankers getting a raise/bonus this year. Hoboken is one of the hottest places in the country. Seriously, it is. According to CNNMoney, Hoboken ranks tops …
The recession began in December 2007. Did it already end? Even the best market analysts are hesitant to give their opinion, because it is tempting to say that the recession is over due to positive …
If anyone like myself is interested in investing in multi-family real estate, chances are you noticed that over 45% of your marketplace is either in Foreclosure, shortsales, or REO’s, excluding certain metro markets like Hoboken. This doesn’t …
As stated recently in the Daily News, Journal Square is becoming the hotspot to relocating New York outerborough residences. Due to high cost of living in for instance, Brooklyn, homeowners are moving west into the …
If you are looking for an unbelievable real estate market, with diverse amenities, look no further. New Jersey Real Estate Guys is proud to introduce you to Franklin Lakes. Franklin Lakes is #22 in Top …
If I hire New Jersey Real Estate Guys, will I be paying a fee?
It depends on what type of client you are. Buyers almost never pay fees and NJREG does not charge a fee to …
The Federal Reserve expectedly mentioned Wednesday that the weak economy likely will keep prices in check despite growing concerns that the trillions it’s pumping into the financial system will ignite inflation. The central bank said that the …
Where can you find a property today for $75,000 that has an annual Net Operating Income (NOI) of over $9,000 a 12% annual return on what you actually PAID? Where can you find a cash …
New Jersey Real Estate Guys are active real estate agents under the New Jersey brokerage Liberty Realty, located in Hoboken, New Jersey. Founder of New Jersey Real Estate Guys, Scott Allan conducts business out of …
As stated recently in the Daily News, Journal Square is becoming the hotspot to relocating New York outerborough residences. Due to high cost of living in for instance, Brooklyn, homeowners are moving west into the …
