MOUNTAIN RESORT PROPERTIES INC. - Robert J. Gaffney

"TRUTH IN NEW JERSEY REAL ESTATE" ( Vol #2 )  2010 Market Trend Messages:

Mountain Resort Properties, Inc - Robert J. Gaffney / Sales Associate - 570-228-9126

My Mission Statement:

"To inform the public in the TRUE Real Estate market currently effecting New Jersey, and to educate consumers in making better informed decisions on purchasing a home."

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The market is hot and the home prices are the best they've been in years. Take advantage of the current events unfolding in the real estate market.

Grab a piece of the AMERICAN DREAM while you have the advantage.

I can help you find a property throughout Northern New Jersey. Either in, Hudson, Bergen, Passaic, Sussex or Morris Counties.

Call Robert J. Gaffney for information on any available properties. No matter what you're looking for, For Rent By Owner, Lease with Option To Buy or a regular home purchase.

I can also help you in searching for rental properties.

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A FEW FACTS ON THE NEW JERSEY REAL ESTATE MARKET:

2010 Market Trend Messages:

• Taking into account a number of factors, homes are more affordable now than they have been since the beginning of 2001. The NATIONAL ASSOCIATION OF REALTORS®’ "affordability index" is a measure that factors the average price of home sales, mortgage interest rates, average family income and other economic indicators to determine how affordable owning a home is in a particular area. The current affordability index for New Jersey is 133.2, which is for the 4th quarter of 2009.

• Increasing levels of affordability mean a home purchase is within reach for more New Jerseyans than the same time the year before. The median price of a single family New Jersey home in the 4th quarter of 2009 is over 8 percent lower than in the 4th quarter of 2008.

Source: NATIONAL ASSOCIATION OF REALTORS®

• It is important to remember that real estate is cyclical. Home sales in New Jersey remain healthy, although there has been a decrease from the height of the market in 2005. Even without the federal home buyer tax credit incentives, right now is an excellent time for financially capable consumers to buy because of high affordability and near record-low mortgage rates.

• Buyers and sellers need to feel comfortable with their decisions about whether now is the right time to purchase a home. For most people, purchasing or selling a home is more than a strictly financial decision. Whether it’s finally realizing the joy of raising a family, celebrating a long-awaited retirement, or relocating to pursue better employment opportunities, for many people a real estate transaction is the realization of a dream. Individuals should talk to a REALTOR® about the real estate options that exist and will help them to achieve their dreams.

• It is important to remember that during this period of transition, sellers may get less for their house than other homes in their neighborhood might have in the past few years but, in turn, they may pay less for the next house they decide to purchase. In addition, buyer incentives help sellers. The more buyers able to enter the market, the larger your potential pool of purchasers will be.

• The 2009 median price of a second home in New Jersey was $246,300. Because of the relatively high amount of inventory, there are plenty of affordable options that, when paired with low interest rates, could be once-in-a-lifetime opportunities. Who wouldn’t want their investment to double as a vacation getaway and a foundation to build lasting memories?

• A REALTOR® should be the first point of contact for consumers who are interested in purchasing or selling a home. REALTORS® have the expertise to help consumers navigate local real estate market conditions. With the help of New Jersey’s approximately 50,000 REALTORS®, the complexities of regional, state, and local housing markets can be demystified and many misperceptions can be corrected.

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Just a phone call away.

Please call me on my cell @ 570-228-9126 for immediate assistance.

or e-mail me and I will get back to you as soon as possible.

Please be sure to visit www.robertjgaffney.com to leave a comment about this or any article and to sign up to become a member for instant updates to your e-mail with specific Real Estate information.

I appreciate the feedback.

Thank You

Mountain Resort Properties, Inc 

Robert J. Gaffney - Sales Associate "GO-WITH-GAFFNEY"

48 Sugar Maple Lane

Hardyston, NJ 07419

(CEL) 570-228-9126 (preferred contact #)

URL: http://www.robertjgaffney.com

E-MAIL: rgaffney@crystalspringsbuilders.com

"Se Habla Espanol"