The Good New Bad News Scenario

Hi all!
GOOD NEWS
Inventory levels Statewide have started to DROP!
Remember when you first heard of "supply and demand". When supply drops and demand stays constant, prices tend to rise. The activity levels in Somerset, Morris and Mercer Counties have improved. Recently Mercer County was removed from a "declining market" designation list used by many mortgage underwriters. This is ALL GOOD! Especially so for Sellers!

BAD NEWS
Mortgage rates are inching UPWARD!
This increase in rates will reduce a buyers..."buying power". With home prices relatively low after 3 years of correction a buyer can get more house for their dollar. This will change as mortgage rates increase. BAD NEWS for Buyers!

SUMMARY
With inventory levels declining and mortgage rates increasing THIS IS A BUYERS BEST TIME! I've been mentioning this for a few months now and am absolutely convinced that IF your looking for the BOTTOM in this immediate area......you've found it!

Hunterdon County NJ Ranks #7 in Nationwide "BEST COUNTIES TO LIVE"

WOW ! ! !

According to the recently released "Best Counties to Live in the Nation" by Forbes Hunterdon County Ranks #7 and it is noted that it is the "safest" within the entire list. It ranked JUST behind Morris County (#6) and ahead of Somerset County (one of the wealthiest) at #16.
http://www.forbes.com/2008/06/27/schools-places-family-forbeslife-cz_zg_0630realestate.html

As a Real Estate professional who focuses on these Counties, I would be honored to assist you find your next perfect home in these "BEST COUNTIES" in the ENTIRE NATION !!! Go to http://www.waynefsmith.com/ to search all available properties

Congratulations, Morris, Hunterdon and Somerset Counties.....well done!