If you want to buy or sell real estate in the next year, you need to make sure that you are on top of the trends in the industry in New Jersey. You want to pay attention to things that could have an impact on the market. This can help you to make better decisions about when to buy or when to sell to optimize your experience. There are a few trends currently happening in the market that might help or hinder you.
One area that could impact you, according to Forbes, is the trend for buyers to want better access to public transit and more walkability. They want a neighborhood where they can get around quickly without having to battle traffic, but that also gives them access to cities and all the amenities. If you have a property in such an area, things look good for you to sell.
Another thing buyers want is a sense of community. If you live in a good neighborhood where neighbors watch out for each other and you feel very comfortable, then you may have a good selling point that will entice buyers.
Now, if you want to buy, you may want to pay attention to affordability. The rising housing costs may lead to rent control in your area, which could mean that staying where you are is the more affordable option. However, this also means that you may want to look for roommates. Shared living spaces are becoming more common, so you may find it easier to get a roommate who can help lower your costs.
In any case, you want to pay attention to the market so you can follow the trends and end up with the best deal. This information is for education and is not legal advice.