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…
1. Pricing The Home Too High: Seems everyone thinks they live in a goldmine. The common misconception is that they will price it high so they can come down a little bit during negotiations. This has several problems related to it. Here’s one. Many homebuyers are on a budget. Let’s say I’m looking for a…
In today’s housing market, home owners need to be more proactive than ever before when it comes to selling their homes. Whereas the real estate boom at the turn of the century made things easy on sellers, the current real estate climate is not so seller-friendly. To make their homes more attractive to prospective buyers,…
There are some serious (additional) problems right now, directly affecting real estate. It looks to me like it’s going to get a lot worse worse before it gets better. Yet, when doors close, others open - there are resulting opportunities as well (See below). Here are some of the reasons/symptoms: – 1.5 million homes in foreclosure – Appraisal chaos due to new ordering…
Home News The Strongest and Weakest Housing Markets By Louis Jones, Kiplinger’s Personal Finance, www.kiplinger.com It’s no secret that the real estate market has been hammered. Nationwide, median home values dropped 18% in 2008, according to the most recent data from Fiserv Lending Solutions, a home-price research company. And in markets such as California’s Central…
River Edge 4th graders shown the art of building a boat. Students from roosevelt school spent may 2 and 3rd building pease canoes from prefabricated kits. The canoes are 18 ft long and weigh 100lbs and seat 2 people. Crews worked on four peace canoes which were sponsored by Roosevelt school, The Hackensack Riverkeeper, the…
The River Edge NJ counsil held a meeting on the proposed 2009 budget. The proposed budget is $14,067,784 with a tax levy of $9,037,854. Homeowners with the averaged assessed home of $436k will see an increase of $70 to their taxes For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ,…
The junior womens club of River Edge NJ will be hosting an oradell town wilde garage sale Jun 13th from 9am-4pm, registration is $15 which includes church bulletins For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201)…
As of last thursday the new home sales report did better then expected and existing homes sales came in lower then expected. Overall spring time is in full bloom and buyers are looking for great real estate deals. 30Yr fixed rates open lower this week over last and expected to float around the 5% mark. …