All 3 of these factors are looking much better this spring in NNJ.
I can't speak for national figures and activity only for my Bergen County area. The answer is yes absolutely. I myself was in 2 bidding wars this week..this has not been the norm in the last 3 years.
By climbing are you referring to prices or activity. ?
I believe sellers have recognized difficult market conditions in the past and have adjusted their pricing and expectations but it is only a matter of time before this activity is reflected in increased pricing.
For you as a buyer, we cannot predict when interest rates will go up or how quickly but now is the time to act/purchase based on what's going on here in NW Bergen County.
Best of luck to you in your home search.
Market is moving - but not climbing. Moving comes first, and tells me that the correction is over in some areas and nearly over in others. I see stabilization and then modest growth over the next few years.
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