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For my first post I say Hello and welcome. My influence here will be to inform and give you my insight of what the real estate market is acting for Jersey City and most of the towns in Hudson County NJ. Below is stats from my Brokerage firm which shows the increase of each zip code from 1Q 2016 and 1Q 2017. This market shows that this is a very good time to be a property owner especially in the Bergen-Lafayette, and “The Heights” areas. The Heights area in particular is looking more promising with downtown and Journal Square prepping up more development many buyers and investors are looking to buy and most are willing to pay asking price. So what do I think…I say look at the stats.
First blog post
For this post I want to share another stat I found from Reis Inc. they gathered information from the top 20 cities in the nation and showed the trend of where we are at as far as if we are renting or owning.
Now how does this pertain to us? As an investor this can be looked at as a barometer, but for a potential homeowner or renter or even a first time buyer this can be looked at if whether or not to sell, buy or rent.
Here is the link below..https://www.reis.com/hubfs/The%20Price%20of%20Owning%20vs.%20Renting%20Affecting%20Multifamily%20White%20Paper.pdf?hsCtaTracking=8c27a708-af10-453f-9767-1720903b7f8f%7C8b3f518e-3f9f-4681-9f3b-5ec2b8ed9c6e.
Also, I am a real Estate agent located in Jersey City, NJ, and if you have any inquiries of investing, selling or buying a property feel free to comment or even contact me on the following
Email address – email@example.com