The Good News For Bergen County’s Home Buyers, Sellers and Owners for 2007 and Beyond

Ask a few friends or business associates if it’s a good time to buy or sell a home, and you’re likely to get a number of different answers. Its not easy to give specific advice about real estate, since each property is unique and home values are dependent on local market conditions, which can vary widely from place to place. National patterns - including economic and demographic factors  such as job growth or unemployment, immigration, war and unrest, and changes in interest rates - can also impact what’s going on locally.

With interest rates near historically low levels in the last four years, the dream of owning a home has become a reality for millions of Americans - today, nearly seven out of ten American families own their own homes. In 2006 alone, sales of new and existing homes were expected to reach nearly seven million, according to industry estimates available at the time of this writing.

But even when the time seems right - the conditions favorable - how do you decide if it’s really the best time to buy or sell a home, particularly if you’re a first-timer? In this issue of our newsletter, we’ll examine some of the factors that could impact the real estate market in the coming year and near future. We’ll also share our best “insider” tips to help you make the most informed home-related decisions possible.

This report is brought to you by Paula Clark’s Monthly Real Estate Newsletter for Bergen County’s Pascack and Northern Vallies from the Gooder Group.