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Sharon Steele Real Estate

Sharon Steele Real Estate - Cranford New Jersey Area's Top Realtor

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What's your home worth?
New Jersey Real Estate with Sharon Steele…

NJ Homebuyers! Don’t Wait! Now is a GREAT time to purchase the home of your dreams!

NJ Homebuyers! Don’t Wait! Now is a GREAT time to purchase the home of your dreams!

January 30, 2014 by Sharon Steele Leave a Comment

 

It’s an interesting time for real estate in the Cranford/Westfield area of NJ. We are finding ourselves with low inventory and an increasing number of buyers . While prices are still below those of a few years ago, we are seeing an upswing in prices, and an increase in multiple offer situations.

Luckily, interest rates are still below 5%. However, we have  indications that interest rates will increase in 2014, and homebuyers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease; in fact, as you can see in this chart, a 1% increase in rates will reduce your purchasing power by 10%.

 

, NJ Homebuyers! Don’t Wait! Now is a GREAT time to purchase the home of your dreams!

 

 

Filed Under: Consumer Information, Home Buying, Real Estate Topics

About Sharon Steele

Top 1% of 94,000 Coldwell Banker Realty Agents Internationally Qualified
NJAR Circle of Excellence PLATINUM 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024
#1 Agent in Cranford from ALL companies for Total Production 2014-2 024as per GSMLS
Named Real Trends “America’s Best" Real Estate Agent 2018, 2019, 2020, 2021, 2022, 2023, 2024
Thirteen Year Winner of the Five Star Professional Award 2012-2024

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