Refinancing Surge May Lead the Way to NEW MORTGAGES - 12/04/08 11:38 AM
In case you have not heard --- according to the Mortgage Banker's Association:
Applications to refinance home-mortgages jumped by a record amount, as borrowers flocked to take advantage of falling mortgage rates -- which were driven down by the government's announcement that it would step in to stabilize the mortgage market.
The number of applications tripled --- the largest increase since the poll data began back in the 90's.
Applications to purchase homes, which tend to be less sensitive to interest-rate movements, also increased, though by a smaller amount.
The surge in application volume comes as mortgage rates fell by more … (0 comments)

The MILLION DOLLAR Question: What will the 2009 Real Estate Market Bring? - 12/02/08 12:05 PM
I recently interviewed Robert Abbott, Broker - C0-Owner of Abbott & Caserta Realtors, about what the crystal ball sees for the NEW JERSEY real estate market in 2009.
Robert, it is great to have direct access to one of the owners of the company. I do appreciate that you take the time to keep your hands on the pulse of the local Bergen & Passaic real estate market and that you are right in the trenches with us. Now for The Million Dollar Question?

What will happen to the real estate market in 2009? Some will say it is doom and gloom … (2 comments)

Market Value of Your Home = What a Buyer is Willing to Pay - 12/02/08 11:25 AM
The good news is that today's market is a strong BUYERS market. What this means to you, the seller, is that if you are prepared to market your home in this climate --- you will sell your home.
What do I mean by "prepared to sell your home?"
One of the most effective ways to sell your home is to price your home according to today's current market. There are more homes available and more choices for buyers. You have to work with someone who is prepared to look hard at the sales data. This data will tell you --- by … (5 comments)

 

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