New Jersey Real Estate Agent

For many New Jersey real estate buyers and sellers words  “real estate” and “good news” may seem like an oxymoron. For Princeton real estate there are 5 reasons why the bad news could be  actually good.

Reading the press accounts of the economy, collapse of the credit markets, foreclosures, losses on Wall street provides the picture of all encompassing gloom and doom. Looking at the bill after filling up a gas tank and grocery shopping does not produce great cheer either. I would like to be the first to suggest, for those interested in New Jersey real estate, these bad news are precisely why it could be good for Princeton real estate.

Demographics and gasoline prices are the two factors Jonathan Karp outlines in his Wall Street article that supports my conclusions. Employment, housing options and real estate  prices are other factors that are important.

1. Demographics
Two generations of people Millennial (born 1970-1995) and Baby boomers are rising in numbers and will peak in 2015 adding 8 million potential housing consumers. These people in their 20’s and 50’s  have the same requirements when it comes to housing. They want to have access to dinning, cultural and other leisure activities and they don’t want to travel hours to find it. Baby boomers also need access to good health care and housing options with less maintenance and upkeep.

Princeton real estate meets all these requirements. We have museums, art galleries, theaters, we have opportunities for golf, tennis, equestrian, biking, canoeing and many other sports. We have excellent shopping and dinning, and all of it within a few miles of the town center.
Read:

2. Princeton Gas Prices
At $4+ dollars a gallon, the suburban sprawl may no longer hold the allure it had before. Transportation, according to the WSJ article, is the second biggest household expense after housing. The proximity to public transportation will become increasingly important at the present prices and even more so as these prices rise.
Towns with close proximity to train transportation would have the best chance of preserving real estate values as the demand for real estate there would increase.
Princeton real estate because of its proximity to the Princeton Junction train station would continue to be in demand.

Read: Princeton New Jersey Real Estate And Gas Prices

3. Princeton Employment
For New Jersey real estate home buyers concerns about economy would continue to make availability of employment options very important when they decide where to buy their house. Combined with the rising gasoline prices the buyers would want their commute to work be either close to where they live or close to public transportation.
Princeton real estate would be desirable because of the many big companies in close proximity and because of the train commute to New York, which continues to be one of the country’s largest employment base.

4. Princeton Housing Options
Princeton real estate is versatile because it offers choices for both millennials and baby boomers. Developments like Governor’s Lane and Constitution Hill could serve to address the needs of baby boomers looking to downsize, yet have the upscale amenities they were used to in their larger homes. The younger generation has choices in the Princeton Borough on smaller lots yet within walking distance leasure activities.

Read: New Jersey Real Estate – What Is The Real Estate Like in Princeton?

5. Princeton real estate prices
The softening of the real estate market has resulted in price declines over the last several years, although it’s is difficult and somewhat confusing to see it form the reported numbers.

Read:New Jersey Real Estate -Princeton Real Estate Housing Report May 2008

Princeton NJ Real Estate Mercer County Homes – Who Else Wants Clarity About Prices

Princeton NJ Real Estate – How To Find Information You Can trust

Lower Princeton home prices makes Princeton real estate a good choice for the New Jersey real estate buyers. Factors like  demographics, gasoline prices, housing choices, employment opportunities would continue to preserve Princeton real estate values.

When I used to hear real estate agents say: “now is the good time to buy”, the skeptic in me was thinking; “too self-serving”. I don’t think that way any more, when it comes to the Princeton real estate now.

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