Frenzied Market Cools in New Jersey

Author:	Lucas Jones
Source:	Homes Discovered
Date:	May 11, 2006

So far, in the first quarter of 2006 the national real estate market is moving at a more comfortable pace.  The market is regaining its balance between buyers and sellers.  The past couple of years have seen a market frenzy where people would buy immediately thinking they had to beat other buyers.  Things have leveled off. In recent years, high demand, low supply, and low interest rates drove the frenzied market conditions seen in New Jersey.  Interest rates have been slowly rising and have contributed to cooling off the New Jersey market.  As long as the rates do not escalate too rapidly the market should remain strong.

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