Purchasing or selling a home can be one of the most significant financial transactions you will ever make. To ensure that you make educated judgements and steer clear of frequent mistakes, it's
Predicting a Downturn in a Market
Dated: August 15 2022
Views: 155
Let's define a market as a geographical area, along with one’s desired home features, in which one is looking to purchase a home. A downturn in a market can be defined as a period of consistent growth of closed sale prices followed by a period of consistent decline to the mean of closed sale prices for the past months.
A recent downturn - 3-6 months
A downturn - 6-12 months
Yearly downturn - 12 months or more
The period of a downturn in a market is significant, as it determines the boundary in which a home is deemed to be in an upward, or downward market.
Ernest Riley
"After surviving the housing crash of 2008 with the help of an outstanding Realtor®, I became one to pay it forward."Ernest Riley is a Realtor® Associate with Berkshire Hathaway HomeServices J....
Latest Blog Posts
Let's define a market as a geographical area, along with one’s desired home features, in which one is looking to purchase a home. A downturn in a market can be defined as a period of
Late Payments and Credit ScoresConsumers who make late credit payments have no idea how badly their credit scores can be affected or how long it takes to repair the damage. According to
https://t.co/JfKgADHb98— Ernest Riley (@ernestrileyre) July 22,
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. and Berkshire Hathaway HomeServices Jordan Baris Realty. Real estate listings held by other brokerage firms are marked as IDX listing. Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. This information is being provided for Consumer's personal, non-commercial use and may not
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided.
The information being provided is for consumers'
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the Hudson County MLS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Jordan Baris Realty are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Jordan Baris Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed.
Last date updated: September 21, 2023 6:11 PM UTC Source: New Jersey Multiple Listing Service, Inc. "© 2023 New Jersey Multiple Listing Service, Inc. All rights reserved."
