Wednesday, July 15, 2009

NJ Millionaire rating holding steady at Number 3

As the summer is flying by as rapidly as it came, my blog has been suffering for sure. No updates since May shame on me. But if anyone is out there following Real Estate Lu; I am on Twitter and Facebook keeping up with Real Estate tips, Feng Shui tips, Area information, Green innovations and what I feel could be of some value to my readers.
Everyday economy is one of the hot stories. Very happy that the stock market is doing much better this summer. The Real Estate Market on the other hand is still moving very slow. It is moving however; don't get me wrong. I feel that Real Estate sales are higher this year than last. I work in the Monmouth/Ocean market and pay close attention to the Activity, especially what is under contract and closed. I see more buyers lately. Possibly due to many who were waiting it out for the best deals decided to jump in. They are getting them many cases and taking advantage of that $8,000 tax credit that won't be here forever.
Changing gears a bit. My Home State of NJ much to my surprise is still ranking pretty high on the Millionaire list. I just read an article in the Asbury Park Press that notes we are #3. Please read the link below.
That ranking is much to my surprise, since so many that I know have lost jobs, Real Estate inventory is still very high and foreclosures are looming over all the market place. Yet, I am always some one who sees the glass as full and believe that this is the time to make things happen.
Wishing you all a wonderful Summer, until my next update.

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