No Money Down Real Estate Investing Course
Learn How To Buy Income Properties Without Risk, Good
Credit, Money Or Tenants!

Click here for more information
 
Welcome, Unregistered.
User Name
Password
Forum Links
Site Navigation
Real Estate Resources
Go Back   Real Estate Investing > Real Estate General > Real Estate Daily News
Reply
   
 
Thread Tools Search this Thread Display Modes
  #1  
Old 05-16-2006, 09:19 PM
elva
Guest
 
Posts: n/a
Post High prices, rising rates cool down home sales

Jersey drops 8.1% in 2006 first quarter

"Warm summer days may be just around the corner, but the housing market is sure getting chilly."

"In its quarterly survey, the National Association of Realtors said yesterday housing sales in many markets have slipped from the blistering pace sellers have come to enjoy these past few years. The numbers show that, nationally, 6.9 million existing single-family homes were sold in the first quarter of this year -- 2.1 percent less than the same period of 2005."

"In New Jersey, existing home sales, which include single-family homes and condos, showed a more dramatic 8.1 percent drop from January through March of this year compared with this same time period in 2005. Home sales in the Northeast declined 2.9 percent."

"Meanwhile, home price appreciation in New Jersey presented an equally mixed bag in the first quarter."

"For example, home prices in the Newark metropolitan region -- a six-county span that includes Essex, Union, Morris, Hunterdon and Sussex in New Jersey and Pike County, Pa. -- rose 6.5 percent in the first quarter of 2006 to $405,300. However that figure has also been on a downward trajectory since hitting a high of $446,800 in the third quarter of 2005."

"The same pattern holds in a four-county span that includes Middlesex, Monmouth, Ocean and Somerset counties. In the first quarter of 2006, the median home price rose 9 percent to $374,100. Back in April 2005, that number stood at $394,100 and has been falling ever since."

Source:
http://nnjbubble.blogspot.com/2006/...ing-chilly.html
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT -8. The time now is 04:02 PM.


Powered by: vBulletin Version 3.0.8
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 2.4.0
Copyright 2001 - 2006, Buy Income Properties, Inc. All Rights Reserved. Privacy Policy in Observance.