Gold Coast New Jersey
According to this article the supply of condos coming on-line in Hudson County is huge. There is a real slowdown in condo sales in Jersey City and Hoboken, which is not good for the Shore area or commuter towns in north Jersey. As I have said before if the Hoboken condo does not get sold, the Holmdel split level does not get bought.
“Even in North Jersey's scorching real estate market, the condos along the Hudson River Gold Coast have stood out for their relentless pace of appreciation.
But as the 2006 spring buying season approaches, sellers from Fort Lee to Jersey City appear to be a bit more willing to negotiate. Realtors say condos are taking longer to sell as buyers have become a bit more cautious with mortgage rates trending upward and talk of a housing bubble growing louder.”
More…
“Even in North Jersey's scorching real estate market, the condos along the Hudson River Gold Coast have stood out for their relentless pace of appreciation.
But as the 2006 spring buying season approaches, sellers from Fort Lee to Jersey City appear to be a bit more willing to negotiate. Realtors say condos are taking longer to sell as buyers have become a bit more cautious with mortgage rates trending upward and talk of a housing bubble growing louder.”
More…
posted by Little_Silvered at 6:14 PM
1 Comments:
The author of this article sounds like a buffoon. I honestly assumed it was written over six months ago. I had to do a double-take to confirm the date of the article was today.
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