May 10, 2012 |
“I finally came to the conclusion housing looks like a decent place to put money over the next several years…” Mark Kiesel, the PIMCO managing director
Bergen County Under Contract Sales
April 2011 – 669
April 2012 – 813 (Up 21.5% Year On Year)
Tenafly Under Contract Sales
As of May 10th There are 46 Single Family Homes waiting to close mostly in May, June and July
With the mortgage rates hitting historic low – 3.84% on a 30 year fixed and, with prices that have hit bottom…. more and more buyers are coming into the market .
Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country & the plunge in prices is slowing.