Signs of Real Estate Market Recovery
“Its not the strongest of species that survives, nor the most intelligent. It is the one that is the most adaptable to change” Finally, there are positive signs of housing recovery. 1) government stopped buying mortgage backed securities in March 2010, which analysts predicted increase in interest rates. Actually, the complete opposite happened and mortgage…
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Interest Rates Will Rise in March 2010 and on
The government purchasing of mortgage backed securities is nearing an end. To quote, Steve Harney, national residential real estate expert, “When the banks have to lend their own money to people on a 30 year loan, they’re not going to be satisfied with 5%…”If you’re frequented my website, you know that I pay close attention…
NJ Foreclosure Update
Mortgage foreclosures way up in N.J. By Cynthia Burton Inquirer Staff Writer New Jersey’s residential-mortgage foreclosure rate shot up 29 percent from 2008 to 2009, with a South Jersey county among the hardest hit, according to statistics released yesterday.The number of commercial foreclosures, meanwhile, was up 68 percent, from 875 to 1,471. The counties with…
December 2009 Case Shiller Report
Case shiller index monitors the most popular metro areas home sales CLICK HERE FOR REPORT http://www.standardandpoors.com/servlet/BlobServer?blobheadername3=MDT-Type&blobcol=urldocumentfile&blobtable=SPComSecureDocument&blobheadervalue2=inline%3B+filename%3Ddownload.pdf&blobheadername2=Content-Disposition&blobheadervalue1=application%2Fpdf&blobkey=id&blobheadername1=content-type&blobwhere=1245200590760&blobheadervalue3=abinary%3B+charset%3DUTF-8&blobnocache=true
Paramus New jersey, Oradell NJ & River Edge NJ Real estate market update
wOW!!! things are starting to move in the BIG BC Bergen County. With historic low low interest rates and homes at affordable pricing, this is the TIME TO BUY!! As of Dec 1st 2009 Paramus NJ has 100 Active homes for sale, 23 Under contract and 53 Solds in the past 3mos. River Edge NJ…
Recession Proof Yourself___www.OurNJhouse.com
#1 excuse in todays economy “The Market is Slow” My question is what are you going to do about? Its inevitable this recession isnt going to have a quick recovery, unemployment isn’t going to be at 2-4% anytime soon, banks are still strict with lending, but the most successful CEO’s, entrepreneurs adapt to change and…
Bergen County Short Sales/ Foreclosures
Its been a while since the last foreclosure email blast, but they have been drying up in the past few months. With the new HARP Program banks have been remodifing mortgages and limiting inventory which in turn is stabilizing the real estate market. Homes prices are still dropping (.5-.75% a month according to last few appraisal…
