January 2014

Found 6 blog entries for January 2014.

Buying an investment property in Ridgewood, New Jersey – or anywhere in the United States – can be a great investment for your financial future. However, just because investing in real estate has a great reputation for offering stellar returns and building wealth, it doesn’t mean that all investments are created equal. The secret to getting great returns on your investment property lies in understanding the fundamentals of what makes a great investment and a focus on finding only the best properties to buy. Our team at Tarvin Realtors has been assisting buyers, sellers and investors of Ridgewood real estate for more than four decades and has the knowledge, experience and resources to help you find the investment property you desire.

Below, we’ve put

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Its vibrant atmosphere within Bergen County and ideal proximity to Manhattan characterizes the community of Ridgewood, New Jersey. However, Ridgewood and Bergen County also draw residents and visitors with the wealth of activities available throughout the year. From biking the six-mile path that extends from the Ridgewood Duck Pond into Saddle River to taking in a show at the Ridgewood Symphony Orchestra, you’ll never be at a loss for things to do. And, with Manhattan and the city that never sleeps just a 45-minute drive away, Ridgewood real estate really does place its owners in the perfect location!

Whether you’ve been planning a vacation to Ridgewood and need some additional information or are coming to the area to explore real estate options and

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(NorthJersey.com, January 23) Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.

The National Association of Realtors says sales increased to an annual rate of 4.87 million units last month, up 1 percent from the November sales pace. However, both months represented a slower pace of sales than earlier in 2013, reflecting the drag from higher mortgage rates and higher home prices.

For all of 2013, sales totaled 5.09 million, the best performance since 2006, when sales totaled 6.48 million. However, the sales gains in both 2005 and 2006 represented an unsustainable housing bubble. Analysts say a more normal sales pace currently would be around 5.5 million units.

The

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Ridgewood, New Jersey is one of the most sought-after communities in the region for a number of reasons. Families and professionals flock to the area and to Ridgewood NJ real estate for its old-world charm, world-class schools, and the easy commute to Manhattan, but one of the reasons they stay is the wealth of amenities and attractions that are minutes from their front door. With a vibrant downtown, Ridgewood offers and interesting mix of shops and dining options, with a restaurant to match just about any mood. Our team at Tarvin Real Estate has put together this guide to dining out to better help our newcomers find the best that Ridgewood has to offer. Let’s take a look!

For French-inspired American food, try the elegant yet minimalist Zarole

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(NorthJersey.com, December 31)  Home prices continued to rise in the region in October, but at a cooler pace than in the nation as a whole, the Standard & Poor's/Case-Shiller home price index reported Tuesday.

Values of single-family homes rose 4.9 percent in the New York metropolitan area, which includes North Jersey, in the 12 months ended in October. That compares with a rise of 13.6 percent nationwide - the biggest year-over-year jump since 2006, when the housing market was booming.

Even with these increases, home prices are only at the levels of almost a decade ago, mid-2004, and remain about 20 percent below their peaks in mid-2006, both nationally and in the area.

Case-Shiller does not break out prices by county, but according to the

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(NorthJersey.com, December 29)  After the deepest downturn since World War II, North Jersey's housing market continued its slow climb back in 2013, with home prices, sales and construction all on the rise.

Home prices for the New York metropolitan area, which includes North Jersey, rose 4.3 percent in the 12 months ended in September, compared with 13.3 percent in the nation as a whole, according to the S&P/Case-Shiller home price index. Prices in the region didn't drop as much after the housing boom as in many areas, so they have less ground to make up. Both national and regional home values remain about 20 percent below their peaks in mid-2006.

The number of home sales is also up over last year — about 19 percent in Bergen County and 25 percent

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