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Inflation Rate Expected to Accelerate in 2014 and 2015…How Will It Affect Real Estate Sales?

SEPTEMBER 2013 | BY LAWRENCE YUN A 3% Inflation Rate Will Affect Sales The most recent inflation rate has hovered around the 2% level which is a manageable rate that is not too worrisome to consumers. Pressure though is building up and...

Experienced Real Estate Agents Sell For Higher Prices, Faster and, More Properties

By Sanette Tanaka / Wall Street Journal According to Bennie Waller, professor of finance and real estate at Longwood University in Farmville , VA experienced agents sell homes for an average of 12% more than their less experienced co...

Some of The Best Towns To Live in New Jersey Are In Bergen County

New Jersey Monthly's bi - annual survey of the best places in the Garden State to call home has just been published. Three of the the top 10 ranking towns are in Bergen county. Norwood came in ranking #4, Tenafly came in r...

Tenafly Million-Dollar Market & Up Is On The Rise…But Are Prices Really Up?

When comparing the average sold prices for the period ending August 31 to the same period last year, the average sold price show a 20% increase! But did Tenafly home prices really go up 20% ? This blog does not think so. When analy...

Increased Activity in Sales of Single Family Homes

Single Family Home Sales in 14 Bergen County Towns Jan to July 2013 vs. Jan-July 2012 Town 2013 2012 % Tenafly 88 91 -3% Alpine 9 8 12% Bergenfield 97 68 43% ...

Bergen County Residents Must Allow Extra Commute Time Due to George Washington Bridge Closures

Beginning Monday, August 5, Bergen County residents will start feeling the adverse effects of traffic restrictions due to the resumed steel deck improvements on the upper level of the George Washington Bridge. This work will cause signifi...

Rising Mortgage Rates Instill A Sense of Urgency In Bergen County & Tenafly Buyers

Average fixed-rate mortgage rates have been slowly increasing since May but took their biggest upwards leap this past week with mortgage rates now averaging 4.45% in the Northeast region, the highest it has been since July 28, 2011. The rise...

Bergen County Statistics Show Increase in Sales and Low Inventory Levels

Single Family Home Sales in 14 Bergen County Towns January to June 2013 vs. January to June 2012 is up 13% Town 2013 2012 % Tenafly 61 62 -2% Alpine 8 8 ...

Bergen County NJ Real Estate Market Update

Bergen County is experiencing a continued increase in sales vs the same period last year. Below are some indicators evidencing the strength of the market in such towns as Tenafly , Demarest and Norwood (data is updated as of May 31-2013)...

As Tenafly Home Sales Heat Up Some Buyers Waive Their Mortgage Contingency

In today's hot Tenafly market, many buyers often find that they have to up their bids and more often than ever before to offer "cash" in order and secure the deal. This phenomenon is a result of limited inventory and an abundance of read...

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