News

Tales of a Seasoned Broker Last week we suggested that the prevalence of second home ownership was on the rise  and becoming more and more “the norm.” Anecdotally, seniors are splitting their time between the “homestead”  in Northern New Jersey staying close to community, children and grandchildren yet spending significant  time at  a secondary location…

Tales of a Seasoned Broker With the conclusion of Yeshiva/Yeshivish week many families who dedicated precious time and resources on the planning and execution of beach vacations from the Pacific to the Mediterranean will now turn their focus to the Spring housing market. Oddly enough, there may be more similarities than one would expect between…

Tales of a Seasoned Broker I will confess that this past Monday morning, after taking a week (or two) off from the “labor of love” that is this article, I was reluctant to start writing again. As much as I enjoy sharing my life’s experience in real estate with close friends there’s always so much…

Tales of a Seasoned Broker One of my favorite customers began our meeting with the following words, “We love the cozy three bedroom home you sold us where we raised our 4 children, the youngest of whom recently left for college. At the moment we are essentially empty nesters but here is the plan. We…

Tales of a Seasoned Broker We are closing out 2022 with the gears of the market slowly but surely grinding to a halt. Activity across all metrics is anemic and we’re witnessing  a competition of record breaking statistics between the low inventory of houses for sale on the market versus the distinctly high average listing…

Tales of a Seasoned Broker Last year we wrapped up 2021 with  predictions for the upcoming 2022 market.  We certainly called interest rate hikes correctly but what we  did not anticipate was the near total halt of  inventory coming up for sale. We did predict that the driving force of the real estate market would…

Tales of a Seasoned Broker Yes, I can still remember my mother frying latkes in our Borough Park attached home. As you might imagine there was no working kitchen hood anywhere in sight. If things got bad enough ie. burning latkes, smoking frying pans, the only recourse was to crack a window wide open. As…

Tales of a Seasoned Broker No, I never sold a house for $30 Million dollars, at least not yet, but I once came close. It was early in 2005 and the real estate market was starting to heat up in a way that no one had ever seen before. The excitement was especially humming on…

Tales of a Seasoned Broker Last week we looked at the national market and analyzed some general Bergen County statistics but  this week, as we enter the last month of the year, I wanted to highlight the specifics of the Teaneck, Bergenfield and New Milford markets. The trends of low inventory coupled with equally low…

Tales of a Seasoned Broker The Wall Street Journal recently wrote about national real estate companies like eXp Realty(NASDAQ EXPI) and Compass Realty (NYSE COMP) who have experienced what anyone would call a market crash with both of their shares losing close to 70% of their value in just the last 12 months. Could this…