May 13

Builder Optimism Could Impact Wyckoff New Homes Supply

Wyckoff homeowners don’t have to be planning to sell anytime soon to be curious about the market value of their property. A home is such a major part of any family’s financial picture, it’s only natural.

One important indicator of the direction of Wyckoff home values is how the builders of new homes gauge the future market. After all, if you build new homes for a living, your bottom line is largely dependent on being able to predict future demand.

That is why this month’s rise in U.S. home-builder confidence in the market for single family new homes is a convincing follow-through to what we have been seeing for a while now. I find two unrelated sources that, taken together, point toward that conclusion.

The first is CNBC’s web site, which zeroes in on the National Association of Home Builders/Wells Fargo Housing Market Index. Current conditions are reported to have risen three points in just one month, while the index measuring expectations for future sales hit 53 — and that’s the highest level since February 2007.

The second, CoreLogic’s Case-Shiller Indexes Report, confirmed the home price increases of 2012 as having grown at the strongest rate in nearly seven years. The report included a (for them) remarkably bold headline: “More to come in 2013-2017.”

The new homes optimism was doubly good news because it comes despite increasing building materials costs, which usually dampen home-builder confidence. But the impact of rising single family home prices and reported sense of urgency among potential buyers “as a result of thinning inventories of homes” more than compensated for the building cost increases. This may be good news for buyers targeting new homes in town: better builder confidence should mean more new homes.

While we’ve already seen a lot of this spring’s inventory enter the market — whether you’re looking at existing or new homes in the Wyckoff area, there is a good case to be made that today’s low mortgage rates plus the remaining bargains make 2013 a fortuitous year to purchase. If that’s how it looks from your vantage point, contact me today to begin pre-qualifying!

May 13

5 Tips to Keep Your Home Secure When You Are Away


1) Do Not Announce On Your Facebook or Blog That You Are Not Going To Be Home

I know that family fun photos are great and we all do it, posting photos of where we are at that moment and time we are away be it may be best to take your photos and upload them when you get back home. Burglars could be people that are stalking your profile on Facebook and waiting for you to go away so they can easily break in your home.

2) Keep Your Tools & Lawn Maintenance Equipment Locked Away in A Shed

A shovel are a rake could be a great tool to break a window or force a door jam also, a ladder is easy access for a thief to attain 2nd floor access windows very easily, so lock everything away.

3) Keep a light on or keep outdoor sensor lights on when you are away

Thieves do not like to work in the light so motion sensor lights are the best as well as putting a light in a timer in the home

4) Invite a neighbor to park their car in your driveway when your away

Cars in driveways make thieves think that someone is in the home, if you have a second car leave it at home and park it in the driveway not the garage, or ask a neighbor to park in your driveway when you are away.

5) Have the post office hold all your mail & stop newspaper delivery

A sure sign of someone being away is an overstuffed mail box and newspapers sitting on the front step, stop delivery for a week or for however long your away.

I hope you found these tips useful and for more tips go to http://www.Allwyckoffrealestate.com

May 13

Spring into Summer: Bergen County Housing Prices Heat Up

Spring into Summer: Bergen County Housing Prices Heat Up

Wyckoff Housing Prices

When I update Wyckoff readers about the latest news in housing prices, it’s usually not as ‘latest’ as I’d like. The reason is that there is a delay in most of the truly reliable indexes that measure housing prices. The big indexes are national (Wyckoff housing prices are another matter), and they have a built-in two-month delay.

We can look at trends and directions, but if there is a change afoot, we won’t be sure of that for about 60 days.

Last week, The Wall Street Journal found a way to present unusually fresh numbers. Reporter Nick Timiraos ignored the S&P/Case-Shiller Index, which reported statistics from back in March, and leapfrogged into April with the first solid news about our much-anticipated spring selling season.

It shows a startling 2.7% one-month increase: the largest March-to-April gain in any of the 17 years since the series was first reported.

“The monthly gain blew away all past Aprils,” said an economist at Credit Suisse. The basis of the reports comes from last Wednesday’s release of the Bureau of Labor Statistics’ producer-price index, which measures prices in the whole economy (at least as seen by manufacturers and wholesalers). It’s a backdoor way to gauge housing prices when you examine prices received by real estate agents.

The numbers showed a 9.1% gain over housing prices from a year ago…and remember, big price rises were already happening by then. The takeaway, per the Journal, “Don’t be surprised to see continued increases in prices and sales in the next batch of housing reports.”

Professors Case and Shiller are certainly standing by to give us those. And in case you would like a more locally focused update on our recent Wyckoff housing prices, I’m standing by, too — why not give me a call today?


May 13

Bergen County Luxury Home Listings & Springtime Romance

Bergen County Luxury Home Listings & Springtime Romance

Bergen County Luxury Homes

Ah, spring is truly in the air…the traditional time when people can fall in love at first sight!

I’ll try not to dampen those springtime spirits too much, but for anyone currently looking into the Bergen County luxury home listings, some advice may be in order:

Online love at first sight is a really bad idea.

Those Bergen County luxury home listings can indeed be truly alluring, and using your computer (or iPad, or smartphone) to winnow through the current crop of terrific area luxury home listings is a supremely practical approach.

But do remember that any warm glow you experience after checking out a particularly fetching online tour is best held in check until after you have paid an in-person visit. Then the love affair is more likely to be the real thing.

Especially when it comes to the Bergen County luxury home listings, they have been created by talented professional stagers and photographers (not to mention musicians, when a video is part of the presentation). We work with them to create an immersive online experience, which is all to the good.

The only drawback comes if we do such a good job that local luxury home prospects fall head over heels.  If reality can’t possibly match the romance of their mind’s eye abstraction, well…just ask a teenager’s parents about what the falling out of love experience is like! Until you have contacted me and we’ve made a real life, in-the-flesh house tour, what we are dealing with is — let’s face it — puppy love.

Seasoned buyers know that stunning photos can’t begin to reveal all the details that make for ‘the real thing.’ Does the kitchen fit a family’s cooking style? Is that gorgeous landscaping a good setting for kids and pets? Is the neighbourhood right for a particular family?

If your own home belongs among our eye-catching Bergen County luxury home listings, you probably also know that prospective buyers will be genuinely impressed when they visit in person. If that’s the case, I hope you’ll be contacting me soon for a complimentary consultation.