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National Association of Realtors®: Rents Rising Faster than Wages

According to the National Association of Realtors® rents are rising faster that wages. This is making it more difficult for renters to become home owners. In addition to this, home prices continue to move higher.

The recent report by the National Association of Realtors® points to the New York metropolitan area's rents sky-rocketing by 50% since 2009.

4 Reasons that Now is the Time to Sell

A recent article on CNN Money presents the idea that now is the time to sell for for homeowners, suggesting that they can get an additional 10-15% by doing so. Here are the 4 reasons they think they are correct:

1. Low housing supply: Tight inventory is a main reason the ball is still in the sellers' court.
Tight inventory tends to prop up home prices and can result in multiple offers and spur bidding wars.

Social Media is the Pipeline to Millennials

The emergence of the various digital media platforms will provide the infrastructure to the arrival of the Millennials to the real estate market by virtue of its speed.

Traditional touchpoint marketing will not cut it since Millennials also demand not only access but speed and responsiveness.

Social media is allowing agents to begin to invest at ever earlier stages into their relationships with potential buyers and sellers.

Speed and responsiveness have become the new “lawn signs” of tomorrow.

Staying in the Middle: The Middle Class’s Struggle to Hold Their Ground

All 50 States Reflect the Impact of the Recession on the Middle Class

According to a recent Pew Poll, America’s resilient and robust middle class has lost ground over the past decade and a half: the middle class’s median income, adjusted for inflation, was lower at the end of 2013 in the vast majority of states than it was in 2000. These findings come as a result of a new study by the Pew Charitable Trust’s Stateline.

The Pew Study analyzed self-reported data from the U.S. Census Bureau through the American Community Survey that samples a percentage of the population.

Spring is Selling Season

According to a recent article in the Bergen Record, there are more homeowners who’ve decided this spring is time to sell.

According to the article, home prices are now about 19 percent below their 2006 peaks in the New York metro area: this represents a significant improvement from the 27 percent free-fall that hit the housing market back in the crash of 2008.

This is causing more homeowners to consider putting their properties up for sale.

HBR: The Survival of the Shopping Mall

From the Harvard Business School’s Blog

Some experts are beginning to see that the retail institution, the American Shopping Mall, is in danger.

The shopping mall format was developed by Victor Gruen in the mid-1950s.

More Good News for New Jersey

The U.S. Bureau of Labor Statistics reported yesterday that New Jersey’s employment numbers were up for January and revised upward for both 2014 and 2013.

Additional Facts
+ In January 2015, the state added 12,400 jobs
+ The 2014 numbers were revised up nearly 25 percent better than previously reported, from 29,000 to 35,500 new jobs
+ The revision of the 2013 numbers were even stronger, reporting more than double what was originally reported, from 18,800 to 39,300

More Good News for New Jersey

The U.S. Bureau of Labor Statistics reported yesterday that New Jersey’s employment numbers were revised upward for both 2014 and 2013.

Additional Facts
+ In January 2015, the state added 12,400 jobs
+ The 2014 numbers were revised up nearly 25 percent better than previously reported, from 29,000 to 35,500 new jobs
+ The revision of the 2013 numbers were even stronger, reporting more than double what was originally reported, from 18,800 to 39,300

Facebook is a Favorite in Lead Generation

Among agents, Facebook is perhaps the favorite for lead generation.

+ Facebook appears to be the best online tool for delivering 'lead-worthy' benefits because of their targeting ability and the lower cost
+ Facebook allows the marketing of listings to specific demographics
+ According to one survey, online leads generally account for 5 percent or less of the all deal transactions in 2014
+ The majority of agents using online leads believe that one word-of-mouth referral is more valuable than 10 online leads

2015 Jersey Shore Summer Rentals Look Strong

According to the Atlantic City Press Inquiries for summer shore rentals is in a word “strong.”

Fast Facts:
In some cases interest is anywhere from 20 percent to 35 percent ahead of 2014 levels
The prime weeks for rentals are July 25 and August 1
Many oceanfront rentals were already rented by September 2014
Agents say that most renters will not have to pay much more than 2014
2014 was a very good year, which was 20 percent better than 2013
New Jersey Shore is a competitive alternative to North Carolina’s Outer Banks for two reasons: access and affordability

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