How many were REO's and Short Sales? - 02/11/09 06:24 PM
My good friend and colleague, Charles Swope, asked me this very question after reading my post, http://activerain.com/blogsview/914699/Toms-River-NJ-Monthly-Market-Report-January-2009.
So, I did the very research Charles had inquired about and here are the results:
9 Single Homes CLOSED in Toms River, between $200,000 & $249,999, in January '09 3 of those 9 were "Short Sales" 2 of those same 9 were REO's (Real Estate Owned) (Bank Owned) So, more than HALF of the closings in Toms River, in January 2009, between $200,000 and $249,999, were "Distressed Sales"!  I think a more significant question may be, "How many of these homes were purchased by … (0 comments)

"Manifest Your Goals"-Step 6 - 02/09/09 10:03 PM
In Step 6, of the 8 Steps, of "How to Manifest Your Goals", Matthew Ferry and Thach Nguyen discuss The Perfect Game!
The 3 Steps, in this 6th Step, are:
What ever is offered, take it! What ever is suggested, do it! What ever happens, declare it perfect! Now, let's apply the "Perfect Game" to real estate:
When an opportunity arises, don't blow it off for the hope of a better opportunity! When your Broker, or a Top Agent in your company or market, suggests doing something else; don't respond with, "that will never work for me!"  or "I can't do … (5 comments)

"Crisis or Catastrophe"? How about Opportunity? - 02/06/09 10:41 AM
In his excellent article, Have We All Lost the Ability to Think for Ourselves?  Randy Eager masterfully illustrates the stranglehold our national media outlets have over public perception!
He specifically quotes the following headlines from the New York Times over the last 30 days:
"Plunging Housing Markets . . . Down Again""Home Prices Suffer Record Monthly Drop""Bank Closures at All Time High in 2008" "Credit Crisis Waves Roll On""Growing Market in Foreclosures""Foreclosure Rates Show No Sign of Slowing""States Unemployment Funds Run Low"
And we wonder why we are on the verge of a "Crisis or Catastrophe"?  If all we continue to … (2 comments)

Toms River, NJ, Monthly Market Report (January 2009) - 02/03/09 03:56 PM
January 2009 saw an increase in buyer activity after a dismal December 2008!  Apparently, the First Time Homebuyer finally accepted the fact that mortgage rates were not going to get much lower, despite what some of the National Media had misreported in December.  Unfortunately, January's numbers reflect the fear and uncertainty felt by the American Consumer in November and December.  We'll have to wait and see in the next two months, how many buyers actually came off the fence in January!
Compared to the same time last year in Toms River, NJ (January 2008 vs January 2009):
Sales of Single Family … (0 comments)

 
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Jim Flanagan

Toms River, NJ

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Coldwell Banker Flanagan Realty

Office Phone: (732) 270-6100 x 101

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As the "First" COLDWELL BANKER Office in Ocean County, NJ, we pride ourselves on being "Pioneers" in our local market. The new frontier of Web 2.0 offers exciting opportunities and unique challenges. We welcome the discussions, debates and success stories on our journey to become "Champions" of the "next level" of real estate!


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