I'm Back (I'm Back)

I know, I know, it's been way too long. I broke the most unforgivable and #1 rule of blogging - "post regularly," and actually the #10 rule as well - "don't give up on your blog." I think those are currently my only 2 blogging indiscretions but you can check out the list of tips/rules for yourself just to be sure at http://www.bloggingtips.com/2008/12/31/10-blogging-tips-for-2009-to-make-it-your-most-successful-blogging-year-ever/ (you should also take a look if you are interested in some common sense tips for blogging).

Anyway, luckily for everyone i am not too proud to beg for your forgiveness. So here i am, back again, 6 months later asking you to forgive me and read what i have to say. A lot has happened in the market since the summer. The Fed has continued to inject liquidity into the banks, who have continued to pile up reserves, which has continued to do very little for stimulating the economy (can you tell that i am taking an Econ Class this semester?). However, from an on the ground anecdotal report, the real estate market is in fact picking up. Company wide, The Marketing Directors (http://www.themarketingdirectorsinc.com) had the highest number of sales/month in August compared to any month in 2009. Crystal Point, our newest river front condo tower, and the crown jewel of Jersey City, (http://www.crystalpointcondos.com) is tearing it up in the sales department and has made over 40 SALES in 8 WEEKS. Not to be left behind, it's riverfront neighbor Hudson Harbor, located in Tarrytown (http://www.hudsonharborny.com) is also reporting big sales numbers and is 40% SOLD since opening this past June. Not to worry, communities not located on either side of the banks of the Hudson river are also reporting more sales, higher offers, and in some cases multiple bids. Looks like my wishing for a recovery has finally begun to pay off.

In other real estate news - the extension of the Federal First Time Home Buyer Tax Credit until April 2010 is looking pretty certain (http://www.cnbc.com/id/33493223). Learn more about the credit (ignore the soon to be out-dated December deadline) at http://www.federalhousingtaxcredit.com/2009/index.html.