A commentary and analysis on market psychology and timing. Being a Remax owner for 20 years and selling real estate for over 30 years, I have followed the markets closely. Along with Elliott wave theory and various indicators I have called the top in 1987 and the bottom in 1991/92 along with the top in 2005. I am now predicting a probable bottom here in 2009 in our local Bergen County New Jersey markets along with ideas on our national markets.
ARCHIVED BLOG POSTS
Watching the market action for real estate in Bergen County has been very interesting. Inventory at late March 2009 for residential sale in Bergen County was about 4160 Homes. As of now, late March 2010 it is 3601 active listings, about a 13.7 percent decrease. Pending sales for the same year ove...
Saddle River real estate, home sales are at a 7 year low. The short term moving averages are turning up. Lower prices and a bit better financing is starting to help. You can view graphs of Saddle River Homes Sales which cover the full view of the market action, including monthly sales. See our gr...
Bergen County Homes under contract at the end of February hold and diverge the low. It broke out of a diagonal triangle decline which ended in December of 2008 and put in a higher low in December 2009. With a higher sales volume peak of pending home sales in mid 2009 over 2008, there should be a ...