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Realtors Join Educational Campaign to Show Potential Exists in Market

cape may county association of realtors | 7 weeks 3 days ago | Comments 6

By Herald Staff

CLERMONT — In concert with the New Jersey Association of REALTORS’ “Get the REAL Story” public education campaign, the Cape May County Association of REALTORS in a June 26 release, urged consumers to read beyond the headlines and investigate the real opportunities that exist in Cape May County market. The association’s officials said there are opportunities in every market. They added that low interest rates, a large selection of homes, and increased FHA loans limits are working in favor of first-time buyers, renters, and trade-up buyers.

“National media reports don’t necessarily reflect the same real estate trends as in our local area,” said Ian Lazarus, CMCAR president. In the end, all real estate is local.

According to the release, the local market in Cape May County continues to offer consumers real estate opportunities, including some of the best second homes and investment properties along the coast and mainland communities.

Lazarus said that the best way for a consumer to get the most accurate view of the local real estate market is to consult with a REALTOR.

“It can be hard for consumers to make a decision about their real estate options with everyone offering them a different opinion,” added Lazarus. “Knowing all the facts about local real estate trends is crucial to making a sound financial decision and that is why it is so essential for buyers and sellers to contact a REALTOR before they make a move. REALTORS play an integral role in helping consumers understand different local real estate market conditions.”

In conjunction with the CMCAR’s efforts, New Jersey Association of REALTORS,’ a non-profit organization serving the professional needs of approximately 53,000 REALTOR and REALTOR-ASSOCIATE members in the state, recently launched a public education campaign to encourage potential clients to “Get the REAL Story” on real estate in New Jersey. The campaign is intended to spotlight the positive aspects of the current climate for consumers.

For information on the New Jersey real estate market, visit www.REALstoryNJ.com, or for more localized numbers or to find a REALTOR® in the area where you want to buy or sell a house, visit CMCAR’s website: www.cmcaor.org.

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Wed, 08/27/2008 - 7:27pm

"Cape May County market is doing fine"
"The market is great"

What a couple of stupid statements. Go back to waitressing or bar tending. OC had 10 houses sold the first week in August with 1000 for sale. 100 weeks inventory "fine"? Plus 36 taken off the market. We are not fine, we are in a dropping market that has a long long way to go. Actually 13 years. Here is an article for you from Economists in a NY Times article:

"In Ocean City, N.J., for example, inflation-adjusted house prices rose about 1.6 percent a year from 1988 through 2002. Compared with what this rate would predict, the city’s houses in the first quarter of this year were overvalued by 51 percent. Over the previous year, they had fallen 0.6 percent; at this pace, Ocean City house prices will be at the right level in about 13 years."

Article:
http://finance.yahoo.com/real-estate/article/105546/In-Various-Ways,-Eco...

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Thu, 08/14/2008 - 2:51pm

It is up to us as realtors to let the public know that the real estate market is always a local thing. Some markets may be declining, but it always depends on where you are. Cape May County's market is doing fine. If you are a buyer , the market is great! As for sellers, if you price your house right it will sell. And unless you just bought it, you will make a profit over what you paid for it.

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Wed, 07/30/2008 - 9:17pm

Well i dont know what you all are talking about, but I just bought a 3 bedroom home in bayside village less than a block to the bay and paid 165,000 for it. I intentionally waited knowing that this same house would have sold 3 years ago for aprrox 250, - 300,000 so in my opinion the real estate market has come down tremendously.

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Sun, 07/27/2008 - 8:23am

YOU WANT THE REAL STORY? FIRST, PEOPLE DO NOT MAKE 10 TIMES WHAT THEY MADE 10 YEARS AGO.. BUT HOMES ARE 10 TIMES HIGHER. AMERICANS DO NOT MAKE ENOUGH MONEY TO AFFORD A HOME PERIOD !!!! ..TELL THEM THE REAL STORY, A $400,000 HOME OR CONDO WITH NOTHING DOWN WILL DOUBLE WITH INTEREST TO $800,000 AND WITH TAXES 5-6-7 THOUSAND A YEAR.. UPKEEP, INSURANCE ETC,, NOW YOU ARE UP TO 1 MILLION YOUR PAID FOR A 3 BEDROOM 2 BATH CONDO WITH NO POOL, ITS 30 YEARS LATER AND NOW YOU HAVE TO BORROW OFF YOUR HOME , BECAUSE IT NEEDS NEW BATHROOMS, NEW KITCHEN, NEW ROOF, NEW HEATING SYSTEM, NEW RUG AND FLOORING,, SO WHAT DO YOU HAVE? NOTHING !!!!!!
A WORTHLESS POORLY BUILT NIGHTMARE, AND MAYBE WORTH 200,000.00 IN 30 YEARS.. THATS REALITY, IF YOU WANT TO LISTEN TO THE REALTORS AND LIVE IN FAIRY TALE LAND.. BE MY GUEST !!!!!!!!!!!!!!!

(ED. NOTE: Next time, please use the shift key so your comment isn't all capitals.)

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Thu, 07/10/2008 - 3:15pm

These are the same idiots that lied to us and said 2008 Q1 sales were up 4%. They were caught by a watchdog group, the truth was sales were DOWN 30%. This story isn't news, this is advertising, and the Herald should treat it as such.

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Thu, 07/10/2008 - 12:13am

Ok, Realtors, you need to understand that PRICES ARE TOO HIGH for people to afford. Enough with the nonsense and lies about "every market is local" and "the bottom is near". PRICES ARE TOO HIGH and will continue to fall until they come back in line with the fundamentals.

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