No Bubble Here (sarcasm)
I don't think newspapers should ask realtors what their opinions are regarding the housing bubble. It's like asking a North Carolina tobacco farmer if smoking causes cancer.
Snip...
[The market in North Jersey seems less frantic than just a year ago. And prices have flattened in high-end markets such as Ridgewood, Franklin Lakes and Woodcliff Lake. But overall, North Jersey real estate agents are optimistic.
"Interest rates are still good, and there's still appreciation," says Donna Tkacz of Weichert Realtors in Wyckoff. "It's just not as dramatic as it was two years ago."
Tkacz and other agents interviewed by The Record believe North Jersey home prices - which were up roughly 15 percent over the 12 months ended June 30 - are protected by a sort of "bubble wrap." These factors include proximity to New York City, a shortage of undeveloped land, environmental regulations that restrain development, a steady influx of immigrants and a strong, diverse job market.
"I don't think we're in a bubble," says Pat Hoferkampt, president of Burgdorff Realtors ERA in Parsipanny. "What we're dealing with is pure economics - supply and demand."]
Full article
Snip...
[The market in North Jersey seems less frantic than just a year ago. And prices have flattened in high-end markets such as Ridgewood, Franklin Lakes and Woodcliff Lake. But overall, North Jersey real estate agents are optimistic.
"Interest rates are still good, and there's still appreciation," says Donna Tkacz of Weichert Realtors in Wyckoff. "It's just not as dramatic as it was two years ago."
Tkacz and other agents interviewed by The Record believe North Jersey home prices - which were up roughly 15 percent over the 12 months ended June 30 - are protected by a sort of "bubble wrap." These factors include proximity to New York City, a shortage of undeveloped land, environmental regulations that restrain development, a steady influx of immigrants and a strong, diverse job market.
"I don't think we're in a bubble," says Pat Hoferkampt, president of Burgdorff Realtors ERA in Parsipanny. "What we're dealing with is pure economics - supply and demand."]
Full article
posted by Little_Silvered at 4:07 PM
3 Comments:
Scamsters need to keep the ponzi gojng. When your lifestyle is at risk you would say anything.
TIMBERRRRRRRRRRRRRRR!
HEY REALTORS YOU SCUMBUCKETS CANNOT BE TRUSTED. THE MARKET IS SOFTENING BIGTIME. YOU JUST WON'T GET ONE OF YOU SCUMBALLS TO ADMIT IT.
BID AT LEAST 25% LESS FOR HOUSES AND 50% FOR CONDOS.
DO NOT GET STUCK BEING A BAGHOLDER.
ASK THESE SCUMBALLS WHY IN THE EARLY 1990'S BUBBLE REAL ESTATE MARKET MANY CONDOS DOWN 50% AND HOUSES 25%.
THE LOCATION HAS NOT CHANGED IN RELATION TO NYC.
GIVE ME A BREAK ALREADY.
BID AT LEAST 25% LESS FOR HOUSES AND 50% LESS CONDOS. IT'S YOUR MONEY AND YOUR LIFE DO NOT LET ANY SCUMBALL TALK YOU INTO DEBT SLAVERY.
Post a Comment
<< Home