Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Tuesday, June 7, 2011
Have We Reached The Bottom?
I just found this excerpt from a recent Wall Street Journal article:
Here is a glimmer of what the future may hold: While overall home prices fell by 7.5% in April over the same period a year earlier, according to CoreLogic, a Santa Ana, Calif., provider of real-estate data and analytics, if you exclude distressed sales, prices were off just 0.5%. So if you are in a market that isn't battered by foreclosures [like Hoboken and downtown Jersey City], you may be close to a bottom already.
...don't just take it from your local realtors....even the Wall Street Journal is reporting that we may have already reached our bottom.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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