But really… not so much magic, as honest appraisal, professional pricing and motivation to get the job done!  Two of our listed houses sold the past week at close to, or over sale price, with multiple offers. 

How? 

Magic?

No, more lthat  they were effectively priced at honestly determined values, and those values were perceived to be accurate by purchasers and that created a desire to own, and an emotional reaction that they “needed” to act quickly and aggressively.  It does happen.  Both houses were on the market for less than a week, and both house are set to close within 4 to 6 weeks from the contract dates.

Buyers are out there. People do need to move. Houses do sell.  The market is only slow if sellers don’t realistically price their homes.

Check out this new Single-family property that I just posted on my Web site. It is at 89 North Central Avenue in Ramsey. This Single-family property has 3 bedrooms and 2 baths.

Check out this new Single-family property that I just posted on my Web site. It is at 271 County Road in Demarest. This Single-family property has 6 bedrooms and 3 baths.

Check out this new Single-family property that I just posted on my Web site. It is at 271 County Road in Demarest. This Single-family property has 6 bedrooms and 3 baths.

Check out this new Single-family property that I just posted on my Web site. It is at 271 County Road in Demarest. This Single-family property has 6 bedrooms and 3 baths.

A report from Urban Land institute predicts that demographics will have a major effect on US housing market this decade.

• Home appreciation will slow considerably to about 1 to 2 percent annually
• The current U.S. Homeownership rate will fall to about 62 percent. (From a record high of 69 percent, now at 67 percent)

Stay tuned as I bring you further details of this report, who is affected, and the whys. 

Are YOU ready for the year?  What does it have in store for you?  The housing market has been in the tubes since 2005, and it may slowly be recovering, but will it last?  Recent houses sold are the only true determinant of current value.  Short sales and foreclosures WILL affect the price of the homes in your neighborhood.  Order our Free Market Snapshot to give you current updates of market sales in your own neighborhood. go to www.bergencountyhomes.org and sign up.  A great tool for you to use on your own!

You can change the name but you can’t change the meaning, and we should HONOR our veterans, tomorrow, November 11!So if you know a Veteran, tell him or her about Applebee’s Free Appetizer for Veterans tomorrow. http://www.applebees.com/Better yet, take them to lunch and let them eat for free.What does this have to do with Real Estate?  We owe everything to the Veteran’s that serve and have served us, our freedoms, our safety and our Country.  God Bless America.  Thank you Veterans, and thank you Applebees.

As of 6:26pm tonight, I have some good news to share with you. Today, the U.S. House of Representatives voted by an overwhelming 403-12 margin to approve the Unemployment Compensation Extension Act (H.R. 3548) that included, as an amendment, the extension and expansion of the Homebuyer Tax Credit. The bill already passed in the U.S. Senate yesterday, so now it will advance from Congress to the White House for President Obama’s signature. The Administration already has signaled its support of the Homebuyer Tax Credit amendment as well as the President’s intention to sign the bill into law.

This will help the continued health of the Housing market.

The housing market showed signs of rebounding, the NAR reported yesterday. A 6.1% increase in pending home sales in September added to the continuing increase month by month for the last 8 months.

 National Association of Realtors Chief Economist Lawrence Yun said in a statement, “Home values will stabilize sooner rather than over-correcting. That, in turn, will mean wealth stabilization for the vast number of middle-class families and lay the foundation for a durable economic recovery,”