Market Makers in Tenafly NJ & The Future Of Home Prices

The Case-Shiller index was just out last morning, and housing prices continued to rise last month. Except perhaps for those shopping for homes, this is unambiguously good news. The more housing wealth, the greater the “wealth effect”: the propensity to spend. The greater the spending, the less unemployment. The wheel then turns. This piece of good news comes further reaffirmation of what many analysts see as a turn around time for the housing market. ( See quotes below)

If you are thinking of selling or buying a home in Tenafly NJ it is important to know who the major “players” are… The graphs below show the market share of the main brokerages as of Sept 25 – 2012 and , of a leading Realtor and other competitors

Prominent Properties Sotheby’ Intl Realty Has the Tenafly market lion’s share

Prominent Properties Sothebys International Realty has by far the lion share of the Tenafly market outselling its next competitor – Coldwell Banker – by a ratio of $2.36 for every $ 1.

Anat Eisenberg The Leading Agent in The Tenafly Market

Within Prominent Properties Sothebys International Realty, Anat Eisenberg is the Realtor with the lion’s share of the market out selling its next competitor by almost 90%.

Real Estate Recovery

“After saying earlier in the year that national home prices in 2012 will rise just 0.5% analysts at Bank of America now feel they will go as high as 2% this year. They also beefed up their 2013 forecast from 0.3% to 2%”

Housing wire 8/15/2012

Future Home Prices

“Fewer Sales in the lower price ranges are contributing to stronger increases in the median price, but all of the home price measures now are showing positive movement and that is building confidence in the market”

Lawrence Yun /  Chief economist National associate of Realtors 08/2012

Housing Is About to Turn From Being a Drag …To Being a Driver

 ” Housing is about to turn from being a drag on the economy to being a driver…House prices will remain laggard, perhaps dipping a little before hitting a sustained and solid pace of appreciation next year.”

Celia Chen / Housing Analyst – Moody’s Analytics   08/2012