NJ Real Estate Market Near Bottom??

Many are wrestling with the above question--is the nj housing market reached a bottom? is the downward price movement over? It is very hard to come to a clear black or white answer. However it seems that the decline in prices have came to a stop. Many houses are priced well bellow market prices.

Many of our customers are shocked at the deals they had managed to get away with.
Is this the end??? we do not know... but what we do know that it will be over before
we know it. Anybody who tries to pick the exact bottom is playing a risky game. It is almost never possible to pick the exact bottom.. by doing so , one is running the risk of missing out on the best real estate opportunities of the century.

In the real estate market just like in the stock market it is always better to buy in after a large decline and disregard a minor further decline.. trying to guess when the stock has stopped declining may cause you to buy in at a high price as the
market rages again...

However, we usually advise our customers to focus on their personal circumstances. You should know if a second house is going to cause you to strangle yourself..
you would know if going for 400,000 house is not realistic for your single income..
the lesson we all learned from the financial crisis is that we should not try to
eat more than we can swallow.

Happy home hunting!