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  • Bergen County in Normal Market

    Bergen County Single-family homes are firmly in a “Normal” market – inventory is down. Homes sold for the month increased by 30% over last month while the average sales price remained steady since February. The average sales price for the year remains positive.May Housing Stats for Northern NJ
    Posted to NJ Real Estate News (Weblog) by 13229 on June 22, 2009
  • Securing Financing in 2008

    By: Tim McLaughlin               With stabilizing housing prices, relatively low interest rates and a good selection of properties to choose from, the biggest potential huddle a borrower will face in today’s market is financing options.     Financing has become ...
    Posted to NJ Real Estate News (Weblog) by 13229 on April 14, 2008
  • Home Prices Show Increases in Many Markets

    According to a mid-February report from the National Association of Realtors®, approximately half of metropolitan areas continued to show rising home prices in the fourth quarter of 2007. Last quarter, 73 out of 150 metropolitan statistical areas showed increases in median existing single-family home prices from a year earlier, including 11 ...
    Posted to NJ Real Estate News (Weblog) by 13229 on March 15, 2008
  • Federal Reserve cuts benchmark interest rate.

    Last week, the Federal Reserve cut its benchmark interest rate by a quarter point, the second cut in six weeks. Decreasing the cost of money should positively impact consumer interest rates on credit cards, car loans, home equity lines of credit, mortgage loans and other consumer borrowing. Yet, there is no guarantee when it comes to housing. In ...
    Posted to NJ Real Estate News (Weblog) by 13229 on November 6, 2007
  • Most Expensive ZIP Codes In The Nation

    Forbes has released its annual ranking of the “Most Expensive ZIP Codes” in the nation. The rankings are based on median house prices, which were found to have increased in many areas across the country. Alpine, N.J. (07620) saw median home sale prices jump from $1.06 million to $3.4 million from July 2006 to June 2007, earning it the ...
    Posted to NJ Real Estate News (Weblog) by 13229 on September 28, 2007
  • As we get in to the dog-days of summer, the temperature isn’t the only thing heating up.

    The stock market had a strong surge on Tuesday fueled by positive inflation news and an increase in personal spending according to the Associated Press. The National Association of Realtors announced Wednesday that the Pending Home Sale Index saw a 5 percent increase in June, the largest monthly gain in more than three years. Consumer confidence ...
    Posted to NJ Real Estate News (Weblog) by 13229 on August 9, 2007
  • Bergen, Passaic, and Essex County Housing Stats

     Bergen County Home Sales Residential 1-Family Market Absorption Rate 06/17/07 - 07/17/07 7.72 (7+  = Buyers Market)Bergen County Single FamilyMonth Ave. Sale Price (x1000) '04    '05      '06      '07 Homes Sold  '04   ...
    Posted to NJ Real Estate News (Weblog) by 13229 on July 23, 2007
  • Americans Confident in the Value of Their Homes

     Results of a nationwide telephone survey conducted in June by The Boston Consulting Group find Americans are optimistic about the value of their homes. They are also positive about the residential real estate market and say that real estate does not impact their overall spending. According to the survey ...
    Posted to NJ Real Estate News (Weblog) by 13229 on June 29, 2007
  • Here’s some recent good news.

    Interest rates are still at historic lows. Rates are well below the 8 percent level of early this decade when the housing boom began. Overall mortgage applications were up 17 percent for the week ended May 25, compared to the same week in 2006. Consumer confidence bounced back in May, according to the Conference Board’s monthly index. The ...
    Posted to NJ Real Estate News (Weblog) by 13229 on June 4, 2007
  • Some market facts

    ·          The Commerce Department reported that both personal incomes and consumer spending were up 0.6 percent from the previous month, the best showing since December. ·          Federal Reserve Chairman Ben Bernanke reconfirmed the ...
    Posted to NJ Real Estate News (Weblog) by 13229 on April 2, 2007
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