The Law Office of Rajeh A Saadeh LLC
Serving All Of New Jersey
The Right Lawyers Make a Difference
Call Now
908-396-8330
[
]

Sophisticated Counsel. Smart Strategies.

Upbeat tune currently playing in New Jersey realty market

Heating up or cooling down?

Guess which of those two temperature gauges applies to the New Jersey residential real estate sphere?

You’re correct if you picked the former choice. In fact, perhaps an optimal term to describe the present state of the residential market is “scorching.”

And industry insiders assert that the growing-hotter trend recently evidenced is not about to be a short-term development. Their collective view underscores that New Jersey home buyers and sellers are going to experience a frenetic pace of activity well into the upcoming autumn months.

Why is that?

One commentator points prominently at the following three factors, which have coincided in recent months to buoy the market and likely render it strongly positive going forward:

  • Repercussions flowing from the current health crisis
  • Plummeting interest rates
  • Growing desire of people to move away from dense urban areas

What the COVID-19 scourge has done is this: essentially eliminate the traditionally high volume of home transaction that occur during the spring months. That has led to increasingly pent-up demand that is now driving home sales at a time when they are typically dampened.

The interest rate effect is obvious. Borrowing costs for buyers have notably plummeted. For many would-be purchasers, that means that the time to spring on a home is now.

And then there’s this: Homes for sale across wide pockets of New Jersey are within doable commuting distances from nearby larger and pricier urban enclaves. That makes them ultra-attractive to legions of individuals and families.

Parties interested in either buying or selling a home in New Jersey might reasonably want to contact an experienced real estate attorney for guidance and proven representation.

Categories

Archives

Rated by Super Lawyers | Rajeh A Saadeh | SuperLawyers.com
Best of the Best Attorneys | Top 10 | Family Law Attorney | 2023
Avvo Rating 10 | Rajeh A Saadeh | Top Attorney
Avvo Clients' Choice Award 2021 | Rajeh A Saadeh
Avvo Reviews | Five stars out of 59 reviews | Rajeh A Saadeh
Rajeh Saadeh | Client Champion Platinum Distinction | 2023
America's Best Advocates | Top 10 Attorneys | Family Law | 2023
America's Most Honored Lawyers | Rajeh A Saadeh
American Association Of Attorney Advocates | Top 10 Attorney - 2023 Member | Family Law 2023 Award Winner
Best Family Law Lawyers 2021
Best Lawyers Best Law Firms | U.S. News and World Report | 2022
Top 10 Attorney And Practice Magazines Family Law Attorney 2023