While the home price increases we have been hearing about are not consistent here in Bergen County and in homes for sale in Hasbrouck Heights and Rutherford, please understand that Bergen County is doing much better than the rest of the State of New Jersey. We see this by the stabilizing numbers at year end and that the Median prices have shown a minor increase for 3 consecutive months in year over year periods.
What does that mean for Rutherford and Hasbrouck Heights homes for sale? Well, simply put it shows that there is stabilization in our local real estate markets and that there is a light at the end of the tunnel.
Southern Bergen County is strengthening every month. The numbers show this. The strongest towns consistently over the past year, have been Carlstadt, Hasbrouck Heights and Wood-Ridge, with Rutherford coming on strong.
My objective in getting this information out, is to answer questions that no one else is answering in our area. We hear the “big” stuff on TV and radio, but breaking it down for us here in Bergen County is what we do here at CENTURY 21 Eudan Realty. If it’s information, I have it or can get it and interpret it for you. The supposed experts throughout the country and state, ARE NOT the experts when it comes to Bergen County as well as Hasbrouck Heights homes for sale and Rutherford homes for sale! We are!
The Headlines we have been reading and hearing are NATIONAL Averages:
“Distressed Property Numbers continue to fall” Rising in New Jersey
“Shadow Inventory continues to fall” Rising in New Jersey
“More buyers are coming to the market” Correct because they hear the national news.
“Lending Remains Tight” Correct, thanks partially to the Dodd-Frank Bill
“Home Affordability remains the best in years” Absolutely Correct
“Record low mortgage rates will rise by year end” Correct
BEWARE: NATIONAL HEADLINES DO NOT REFLECT WHAT IS GOING ON IN BERGEN COUNTY,
But what is going on isn’t terrible! It’s actually pretty good for Bergen County including Hasbrouck Heights and Rutherford NJ
