Tuesday, November 29, 2011

3 signs it's time to buy before the rush

1) The National Association of Realtors (NAR) recently released their 2011 3rd quarter housing report. In the report they showed sales of single family homes, condos, and co-ops increased in every state compared to 3rd quarter of last year,  more specifically, New Jersey was up over 13%.. Full data at http://www.realtor.org/research/research/metroprice

2) Consumer confidence was published today and was better than expected and was up significantly versus a month ago. In fact, it rose the most since 2003. Check out full story at http://www.bloomberg.com/news/2011-11-29/u-s-consumer-confidence-rises-by-most-since-april-03-amid-holiday-season.html

3) Interest rates remain at very competitive rates at close to or at their 52 week lows, these historic lows will not continue into the spring buying season. http://www.mortgagenewsdaily.com/mortgage_rates/

I think it is time to buy. I would also agree that now it is time to list if the property is priced right.




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