How is the market right now in NJ and NC?

[Chris L.]

I have a property in NJ which I may be selling shortly. I'm wondering how the market is right now in Bergen County NJ area-is it at a high or falling some from it's high last year?  I'm just wondering if it's a good time to sell my property in NJ and purchase investment properties in NC or if I should hold off. NJ properties tend to go up more in value; however, taxes are very high and eat a big chunk of rental income. NC taxes are lower; however, so are the rents so the return might be higher but not significantly. I really need to have ongoing income from the properties or investigate another type of investment that would provide me such income. What are your thoughts about selling property in this area of NJ right now and buying in NC? Do you think the market in either state is about to drop? 

[Kevin Hill]

New Jersey market, as well an nationally, is seeing a shortage of available inventory. Most towns in Bergen are seeing modest appreciation. In my opinion, we are getting towards the end of a positive cycle. When will the end of the cycle come? We won't know until it has already occurred.