Hey Folks, 

Steven Lartiga-My Awesome Realtor here, with a new way to communicate to you all. I was going to wait until the new year but why wait when we can do it now. Well it's already December, and it feels like this year went by so fast. We have seen many phases of the market over the last 5 years, from not so much demand, to unrealistic levels. Homes have appreciated much faster and higher than ever before and they're only continuing to get higher. The real estate market has been great to those who have bought before 2020, as many got their homes with not only a great market price at the time, but also a low interest rate. We have seen interest rates go from 4 percent to 2.5 percent back in 2020, to now 7.5-8% in 2023. So when they say real estate has its ups and downs, they are totally right, as we have seen just the last five years.  So what do we think will happen to the New Jersey real estate market in 2024? I personally think the market will keep increasing slowly, but still increasing. If rates tend to drop that may make the demand even jump even more, if they go up though, I think that could possibly slow the market down. If you're still on the fence on buying, keep searching, because its still worth owning the home than renting and paying someone else's mortgage. Of course its not as easy as it sounds, but keep in touch with your favorite realtor because there are homes popping up on the market! Perhaps a few overpriced, but we know who they are by week two on the market. Well I hope you enjoyed my first blog post, I could ramble on forever but maybe we can save that for a podcast ;-) 

Happy Holidays to Everyone and Happy New Year I will be back in January with a market update. and as always if you want more real estate info, subscribe to my youtube, or follow me on instagram/tiktok: @myaweseomerealtor

Posted by Steven Lartiga on


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