New Study on Housing

According to a study by Joint Center for Housing Studies (JCHS) of Harvard University despite encouraging signs this spring, the real estate market still faces large hurdles but jobs and employment are key factors.   

In the JCHS annual report, The State of the Nation’s Housing, the JCHS has stated that the recovering labor market and low mortgage interest rates should be enough to shore up sales and housing starts following “an expected dip” due to the expiration of the federal homebuyer tax credit.  

The recent upswing in sales has helped stabilize prices in a few areas but the report finds no clear indication of the future direction of prices, since two major indices that track prices show conflicting trends. 

Overall, the study also stated that the consequences of the recession and the financial crises is still with us and the long term outlook is more positive once employment stages a necessary  comeback.

For more great reasons to buy a home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available,  this is the opportunity you have been waiting for.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can also be reached by phone at 201-344-2886.

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