2018 marked a turning point in recent Atlantic County history. After several years holding the unenviable position of having the highest level of bank owned/foreclosures in the nation, Atlantic County began to see a turnaround sparked by the re-opening of two re-branded casinos and the opening of the new Stockton University campus in Atlantic City.
The Real Estate market responded to the positive news and was helped along by the on-going low mortgage interest rate environment. We saw a slight increase in rates during the year, but due to recent comments by the Fed Chairman we expect rates to remain low throughout 2019. So if you are thinking of buying or selling real estate, 2019 should be a great time to make the move. My 25 years of local real estate experience along with the strength of Berkshire Hathaway Home Service can provide the support you need to take advantage of the improving local real estate conditions.