The reports and articles that keep surfacing about real estate are enough to keep a person’s head spinning.  There is good news and bad news on a daily basis concering New Jersey and Passaic County real estate.  A recent article by Global Property Guide was posted on the Nu Wire Investor and it did a great job of deciphering what is going on in today’s real estate market.  The bottom line is, today's real estate market is complicated. 

However, there is a lot more good news out there these days. But the reality is we still have a way to go as far as recovery goes.  The facts are broken down, simply, as follows:

  • The recovery will be slow
  • Some cities are really struggling
  • Home sales are rising
  • Foreclosures are falling
  • First-time homebuyers are getting an $8,000 tax credit
  • Homes are more affordable

There is a vast amount of research available in individual markets and as a whole things are looking better for the Passaic County, NJ real estate market but there are still serious hurdles to overcome.
Click here for a look at the article in the Nu Wire Investor.

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