NJ Home Buyers, Frustrated by low inventory? We have the solution!

Inventory low, demand still high in trainline towns

Experts are reporting that rates are the lowest since 1956. Buying, selling or refinancing, that's all everyone's talking about! As a buyer's agent , I watch the rates on a weekly basis and follow the flow of the Short Hills, Summit, Maplewood market for my clients. Bankrate.com also found record lows for the average 15-year fixed mortgage (4.18 percent) and the 30-year jumbo fixed loan (5.43 percent). The rate for a 30-year fixed mortgage this week was tied with the record established two weeks ago, the online aggregator of financial rate information reported. There is no question that if you were just looking at these numbers, it is a great time to buy.

The issue for our buyers: Low Inventory

While the rest of the country and most of New Jersey is seeing an overflow of inventory, we along the Midtown Direct Train Line, have been spared in certain price points. READ ENTIRE ARTICLE