| title | comments | date |
|---|---|---|
| Sold Listing at 273 De Rose Ct | 0 | Dec 20, 2009 |
| Sold Listing at 121 Coccio Dr | 0 | Dec 20, 2009 |
| Sold Listing at 106 Coccio Dr | 0 | Dec 20, 2009 |
| Sold Listing at 146 Querques Lane | 0 | Dec 20, 2009 |
| First Time Buyer Tax Credit Extended, And Available to Existing Home Buyers Too!!! | 0 | Nov 06, 2009 |
| Hitch Your Wagon to the Affordability Index! | 0 | Oct 24, 2009 |
| Hitch Your Wagon to the Affordability Index! | 0 | Oct 24, 2009 |
| Hitch Your Wagon to the Affordability Index! | 0 | Oct 24, 2009 |
| Dramatically Increased Affordability in New Jersey Real Estate Market | 0 | Jul 10, 2009 |
| New Listing | 0 | May 29, 2009 |
Dec
20
Posted by under For Buyers, Listings, Summit
I’ve just sold a Resale - Condo property at 273 De Rose Ct in West Orange Twp.. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Dec
20
Posted by under For Buyers, Listings, Summit
I’ve just sold a Resale - Condo property at 121 Coccio Dr in West Orange Twp.. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Dec
20
Posted by under For Buyers, Listings, Summit
I’ve just sold a Resale - Condo property at 106 Coccio Dr in West Orange Twp.. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Dec
20
Posted by under For Buyers, Listings, Summit
I’ve just sold a Resale - condo-townhouse property at 146 Querques Lane in West Orange Twp.. Come and visit my site to see other properties in that area. If you are interested in looking for or selling your home, please Contact Me.
Nov
6
This is great news for home buyers, home sellers, and the Realtors who represent them. It’s also superb news for our economy, as so much industry and so many jobs are tied to resales in the housing market. Click on the photo below to get a great info sheet that compares the changes betweeen the current and the extended program. Then….call me and let’s get going on a purchase, a sale or both!
Oct
24
Posted by under For Buyers, General Information
It’s a great time to be looking to purchase a new home. Condo prices have dropped about 20% off their highs in 2005, and mortgage rates remain at historically low levels.
A condo that sold for $400,000 in 2005, sells today for $320,000. But that is not the whole story. To finance that condo in 2005 with a 20% down mortgage (30 years at 7%) cost the buyer $2,130 a month. Today, that same condo financed at 5% costs $1,375 a month. That’s an increase in affordability of 35%.
Many leading real estate economists believe that our market (which is in better shape than much of the US) has “bottomed out”. Home sale inventories have decreased and sales of existing homes are dramatically up. This means that if you’ve been “timing the market”, now is the time to strike.
Mitch and I are the area’s leading condo experts and we’d love to help you find the perfect condo/townhouse to fit your needs. We can take you to see properties this weekend, or whenever you’d like to get started.
Please call one of us today! 973-580-1151
Oct
24
Posted by under For Buyers, General Information
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It’s a great time to be buying a new home. Condo prices have dropped about 20% off their highs
in 2005, and mortgage rates remain at historically low levels.
A condo that sold for $400,000 in 2005,
sells today for $320,000. But that is not the whole story. To
finance that condo in 2005 with a 20% down mortgage (30 years at 7%) cost the
buyer $2,130 a month. Today, that same condo financed at 5% costs $1,375
a month. That’s an increase in
affordability of 35%.
Many leading real estate economists
believe that our market (which is in better shape than much of the US) has
“bottomed out”. Home sale inventories have decreased and sales of
existing homes are dramatically up. This means that if you’ve been
“timing the market”, now is the time to strike.
Mitch and I are the area’s leading
condo experts and we’d love to help you find the perfect condo/townhouse to fit
your needs. We can take you to see properties this weekend, or whenever
you’d like to get started. Call us today at 973-580-1151
|
Start writing here… |
Oct
24
Posted by under For Buyers, General Information
Jul
10
(Edison, NJ) Housing affordability is higher in New Jersey than it has been in years, and buyers are taking advantage.
In the first quarter of 2009, 56 percent of households in New Jersey could afford to buy an entry level home, compared to 44 percent of households a year ago, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR).
Major contributors to the higher rate of affordability are lower median home prices, which have declined from $308,600 in the first quarter of 2008 in New Jersey to $299,800, in the first quarter of this year, and record-low interest rates. According to NAR, in the first quarter of 2009, the average interest rate in New Jersey was 5.14 percent, compared to 6.02 percent in first quarter of 2008, a decrease of almost one full percentage point.
“Rising affordability means a lot of people who maybe couldn’t afford to purchase a home in recent years, can now take advantage of the opportunities presented by today’s market conditions,” said New Jersey Association of REALTORS® (NJAR®) 2009 President Diane Dilzell. “Financially stable buyers in many situations are finding themselves in a great position to enter the market and find a home that fits their budget.”
First-time buyers have a tremendous chance to take advantage of affordable homes, especially with incentives available like the $8,000 federal tax credit for anyone who hasn’t owned a home in three years. Also, for people who have dreamed of a bigger home or a move to a certain neighborhood they might have previously thought was out of their range, opportunities exist to trade-up.
“The high affordability in New Jersey will also be advantageous for sellers,” said Dilzell. “As affordability remains high, demand will increase, and inventory will drop. It’s a condition that will help drive the real estate market to a healthy equilibrium.”
Paired with other buyer incentives, like the first-time home buyer tax credit of up to $8,000, the high affordability in New Jersey creates a unique opportunity for buyers considering entering the real estate market.
Talk to a REALTOR® about conditions in your local market. For more information on housing affordability, or to find out more about taking advantage of today’s real estate market in New Jersey, visit www.REALstoryNJ.com.
May
29
Posted by under For Buyers, Listings, Summit
Check out this new property that I just posted on my Web site. It is in Summit.
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