INTEREST RATES ARE THE LOWEST IN HISTORY!!!For the latest Park Ridge info, click right here! Here's the most comprehensive Bergen County real Estate info! Working with an Realtor that knows the Bergen County NJ market is crucial! Experts say that this is the best time to buy. Call for the latest information. Interest rates down! Should I make an offer on a short sale? Will prices go down again? Have we reached the bottom? www.NorthJerseyFreeHomeInfo.com Where you will find all the answers! We are the #1 COMPANY IN BERGEN COUNTY Real Estate! READ IT HERE..FOR UP TO DATE INFORMATION! Real Estate Agent with the Right Attitude is everything! The current market in Bergen County is stable. Homes may stay on the market a bit longer, but if priced right, they get offers right away. This county is one of the richest counties in all of New Jersey. The interest rates are GREAT! IN THE 4.5% RANGE, and even lower for a 30 year fixed.. There are many homes coming on the market, and the inventory has increased. The market slow down has not so much affected OUR Region. Northern NJ is still a market where buyers can buy homes with value. CALL TODAY FOR UP TO DATE RATES! Most of the population still wants to live here. As long as our schools stay at the top, The population will continue to grow, and the demand for homes will remain. The fact is:. Everyone needs a place to live and Real Estate will always be a good investment. As a Seller...The market remains stable! . As a Buyer the interest rates are still on the low side, so it's still a great time to Buy! HOUSING MARKET SHOWS EARLY SIGNS OF STABILIZATION Also significant is that number of homes for sale rose modestly as Unsold Inventory increased by only 4.5%, less than normal for the month of April. As a result of these trends the Projected Absorption of homes offered for sale now stands at it's lowest level of the year reflecting a 10.0 month supply. There are ,however, a growing list of positive factors for the housing market which include increased housing affordability due to lower home prices, favorably low mortgage interest rates and massive pent-up demand due to reduced purchase activity. To keep things in the proper perspective however, it is clear that the housing market remains in the grip of a dramatic correction and will not see rising prices until Unsold Inventory levels have been reduced significantly. Until then home prices will likely drift slightly lower, although at a slower pace than the past 2 years. But a bottom to the housing downturn may be forming which would be a first step towards recovery. Potential home buyers who have been delaying their purchase in an attempt to 'time the market' should consider whether that time has now come. This is because the greater risk in delaying is the likelihood of higher mortgage rates in the future due to the inflationary pressures of high oil and food prices which will erase any potential savings from future price declines. Supporting this view is recent remarks by Federal Reserve Chairman Ben Bernanke indicating that future interest rate cuts are not likely due to a need to guard against inflation. Our analysis of the cost-benefit relationship of delaying a home purchase indicates that the added monthly cost attributable to rising interest rates is likely to be greater than the savings generated by any further price declines. Thus, the next 6 months will present a rare combination of low interest rates, low home pricing and a wide selection of homes being offered by motivated sellers. We're all likely to look back five years from now and conclude that 2008- 2011 was a time when Smart Buyers took advantage of this unique opportunity by locking in both low prices and low interest rates. I'm reminded of the axiom that the right time to sell is when everyone else is buying, and the right time to buy is when everyone else is selling.
ZIP Code: 07656 Approximate Location Boundaries: Woodcliff Lake,Hillsdale,Montvale
Location Characteristics: Park Ridge has it's own high school,which will be going through an expansion that was just approved.Park Ridge has it's own train station, private utilities,and electric service.
Park Ridge is close to the Garden State Parkway, and has it's own train service to Manhattan.
With it's own Utility Service, the fees are an average of 25% lower than main utilites in other counties.
Two Elementary schools, one Junior High,and One High school. Park Ridge has a town center with all of your shopping , and all the amenities that you will need.
In addition.... Park Ridge taxes have stabilized over the past 7 years. Well know townhouse development "Bears' Nest" with swim club, exercise club. Very high end. The late President Nixon lived here for many years, There is an Assistant living care facility planned for construction in the next 2-4 years.
"Number One Expert" in the Pascack, Northern Valley, and ALL of Bergen County!
I will be with you every step of the way!! My experience and knowledge of today's market, and this area is priceless. Whether you are buying or selling you will need me on your side. My work ethic is the most important part of my reputation. I love what I do! I have a team in place that are with you every step of the Real Estate process. Buy or sell you'll be with an experienced agent. You need the Paula Clark Team!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
