MIDDLESEX COUNTY TRENDS - SOLD HOME PRICES: FLAT, NUMBER SOLD HOMES: UP, DAYS ON MARKET: FLAT, ACTIVE INVENTORY: DOWN

 

"A simple, heartfelt "thank you" from someone very grateful...Thank You" -John C. [Home Buyer, North Edison]

"...I am very happy with her [Cathy] services as a buyer's agent and would highly recommend her." -Sunil J. [Home Buyer, Woodbridge]

Buying a Home in New Jersey

In the long term, New Jersey homes appreciate better than the nation as a whole.

The seven year appreciation rate (2001-2008) for New Jersey homeowners is 80.4 percent, more than double the national rate of 37.8 percent.

A home isn't just a great place to raise a family, it is also the key to building long-term wealth.



Buying a house is an exciting and complex adventure. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand.

One of my specialties is representing the best interests of Edison, Metuchen, Piscataway, Woodbridge, Brunswicks, Middlesex County areas and Central Jersey (New Jersey) buyers throughout the home buying process.

If you're like most people, buying a home is the biggest investment you will ever make. So whether you're buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert in Central Jersey to make the most informed decisions you can, every step of the way?

"Rates are still low and home choices are still plentiful. This is a great market for home buyers. Sellers pay for my commission, not the Buyer*. So what are you waiting for...let me help YOU finding YOUR PERFECT HOME..." -Cathy C.

*Except very rare circumstances

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The Housing Affordability Index reached an all time record high this year (2009). This is the highest level of housing affordability since 1971.





 





"The record-high housing affordability will play an important role in the real estate market's recovery, and should be considered very positive news. This key real estate market statistic frequently gets overlooked by the media, which often seems more interested in reporting "record high jobless claims/employment losses/______ fill in the blank" when it's negative news, than reporting record high statistics like housing affordability when it's good news."

Dr. Mark J. Perry

Middlesex County Real Estate Market Commentary

Middlesex County Real Estate Statistics *

January 2013

1833 Active Homes Inventory

528 New Homes on Sale

$265,000 Median Sold Price.

* Source: Middlesex County Multi Listings System (MLS). Calculated on Friday 02/15/2013

Many buyers on the sideline were waiting for the Stimulus bill to pass and see what personal benefit it would bring them. The $8,000 tax credit was certainly a great gift from Uncle Sam but is now over.

Additional variables are also aligned to still create good opportunities: mortgage rates are at 40 years historic lows, Housing Affordability Index (HAI) highest in 31 years, mortgage availability and increase on FHA mortgages loan limits, high inventory to choose from, currently in the lowest part of the market cycle... market commentary

The following articles provide useful information and are a great place to start :



10 Mistakes You Can't Afford

Why use a Realtor When Buying a Home?

10 Steps to House Hunting

Home Inspections Avert Future Headaches

Take Charge When Buying a Home

The Basics of Making an Offer

How to choose a Neighborhood for Your Home Search Decoding Real Estates Listings-A Short Guide to Lingo and Acronyms


Home Ownership Benefits in New Jersey