Optimism for NJ Real Estate in 2010

There is optimism in the air about the NJ real estate market for 2010 as reported in The New York Times by Antoinette Martin on January 10th.

…Several brokers said they did not even think of real estate markets in terms of county lines. Perri K. Feldman, an agent with Keller Williams Realty, sees her primary turf as being towns running along the Midtown Direct Train line from Morristown to South Orange (Morris to Essex County).
Prices rose in that area late in 2009, Mrs. Feldman said; she originally saw a rush to meet the Nov. 30 deadline to ensure eligibility for a federal income tax credit. That federal stimulus program has since been extended; now buyers have until April 30 to enter into a contract for a new primary residence and June 30 to close on the home.”

What does this mean for you as a buyer in this market? If you see a home you like…Put in an offer NOW!!!

We are already seeing homes moving quickly in 2010 in South Orange, Maplewood, Millburn/Short Hills, Summit, Chatham and Madison.