New Jersey reports positive moving trends

One might assume the volatile real estate market has most people staying put, but moving companies in New Jersey reported an increase in summer activity as buyers took advantage of government incentives.

A state tax rebate for first-time homebuyers in New Jersey as well as the federal homebuyer tax credit may have driven an increase in families looking to make a move, said Tony Baumer, a board member of the New Jersey Warehouse and Movers. He owns a private moving company and says that he's seen a 26 percent increase in business so far this summer, with even niche services like packing up 150 percent.

“Packing is an extra that people usually cut out if they feel money is tight, so this is a great sign," he said.

Cindy Meyer, another local mover, said that her business has seen a 125 percent increase recently, attributing it to a rise in consumer awareness. More consumers are using reputable moving companies because they're more trustworthy than smaller, unlicensed firms, said Meyer.

Record-low interest rates and falling home prices make today's real estate climate affordable for savvy homebuyers.


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