The Real Estate Market|What's Driving It These Days?

What is Driving The Real Estate Market These Days? That's the million dollar question. Ask a dozen Real Estate Agents and you will most likely get a different opinion from each one. The answer we seek is not easily defined. I posted this Blog back in March 07' when the answer to this question was a bit different.

There are numerous ever changing factors that drive The Real Estate Market and some of those may be any of the following:

• The Media reports are all gloom & doom so it must be their fault! Well, maybe not ALL their fault these days.
• The Interest Rates are historically ever low, low, low...
• The Inventory is historically high, high, high with thousands of homes actively listed all across the country! In the Pascack Valley area of Bergen County, New Jersey there are currently 305 actively listed homes.
• The Economy is faultering with banks having limited money to lend.
• The Unemployment Rate has gone into the double digits in many states.
• The Stock Market - well, that's always Up & Down! These days it's more down than up.
• Realtors are either very slow yet some are still busy
• The Weather is either too cold or too hot - sounds like a fairytale - Goldilocks?

The answer to the million dollar question? All of these factors are important when considering home ownership. What's driving The Real Estate Market These Days? It's no mystery the consumer still drives the market. People will always need a place to live. These days Prices are helping to drive the Real Estate Market. Sellers can compete in this market by positioning their homes below the competition.

If you are thinking of buying or selling a home, the time is now! The Real Estate Market is always moving and if you wait too long, you'll miss the best time to buy and that's NOW!

If you are thinking of Buying or Selling a home in The Pascack Valley area of Bergen County, New Jersey call Bob & Lisa at (201)218-6802, Your Real Estate Resource.