Thread: nj really sucks
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Old 07-21-2006, 01:32 PM   #17
firehawk1120
 
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Join Date: May 2006
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no matter where you go you'll see for sale signs. The real estate market has changed drastically in the past year. For 3 years prior there weren't enough homes on the market for all the people looking to buy, downsize, upgrade, buy rental property etc....

NOW, there are plenty of homes on the market and the same number of buyers. Things are taking longer to sell but they are selling and regardless of what the news and common people thing PRICES are not dropping. In fact because people are waiting and the interest rates are rising they are losing more buying power then if they had purchased so it's not the prices that are dropping it's the amount of money they can borrow won't allow them to get the house they could have gotten a year ago.
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