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Hoboken Condo Market Weekly Stats - 03/30/09 08:35 PM
Weekly statistics 3/22/09- 3/29/09 6 condos received firm offers that cleared attorney review down from 12 condos the previous week. This breaks a three week trend of increased accepted offers. 4 condominiums closed last week. 6 closings the previous week. Additional news: Long term rates set another record For the week ending March 26th the 30-year fixed averaged 4.85% with an average 0.7% fee, down from last week when it averaged 4.98%. This time last year it averaged 5.85%. The current rate is the lowest since Fannie Mae started tracking rates in 1971. As of today, there are a total of 113 Hoboken condos (0 comments)
Hoboken Real Estate Market’s Newest Listings & Price Reductions - 03/28/09 01:49 PM
See the newest listings and price reductions to find out which hot buys may be there for you! 21 new condo listings and (2) new 1-4 Family homes hit the Hoboken market. 34 condo price reductions (37 reductions the previous week) Check them all out. Studio condo no new listings 1 price reduction Click Here to View Listings 1 bedroom condos 7 new listings starting at $345,000 Click Here to View Listings 9 price reductions Click Here to View Listings 2 bedroom condos 11 new listings starting at $369,000 Click Here to View Listings 18 price reductions Click Here to (0 comments)
Obama's Mortgage Rescue Plan - 03/26/09 09:19 PM
President Barack Obama’s Homeowner Affordability and Stability Plan, is an effort to overcome what Obama called “a crisis unlike we’ve ever known.” The question that has come to mind for many of us is, who can get help through this program? Some people with high payments will be able to have their loans modified to get lower interest rates. If your monthly payment on your primary home is greater than 31 percent of your monthly gross income, there’s a good chance you could qualify. It also depends on whether your lender participates in the program. Others, with mortgages owned or guaranteed by Fannie (0 comments)
Research alone on how to buy a home is a big time commitment. If you pick up a book on the subject, it might be helpful, but might overwhelm you with detail. Many informative websites have short, sharp home-buying tips that sacrifice depth and introduce pop-up invitations to apply for mortgages, credit reports, or real estate listings. When you buy your first home the government offers big tax incentives; banks work to loan out massive mortgages while many Realtors®, will compete to get new clients. What many first-timer buyers do not realize, is that they are doing the government, the banks, the (0 comments)
Weekly statistics 3/15/09- 3/22/09 Accepted offers are trending up. 12 condos received firm offers that cleared attorney review including a condo at “The Constitution” listed at $1,085,000. Previous accepted offer reports were 4 units three weeks ago and 8 units two weeks ago. 6 condominiums closed last week. 11 closings the previous week. Additional news: · Incredibly low mortgage rates continue to be available to those that qualify · Existing home sales rise 5.1 percent in February; prices plunge 15.5 percent As of today, there are a total of 117 Hoboken condos pending to close (111 last week). These are the buyers making a (0 comments)
View the newest listings and price reductions to see what hot buys may be there for you! 47 new condo listings and (2) new 1-4 Family homes hit the Hoboken market. 37 condo price reductions Have a look at them all! STUDIO CONDO 1 new listing: Click Here to View Listings 1 BEDROOM CONDOS 17 new listings starting at $199,000 Click Here to View Listings 14 price reductions Click Here to View Listings 2 BEDROOM CONDOS 24 new listings starting at $315,000 Click Here to View Listings 16 price reductions Click Here to View Listings 3 BEDROON CONDOS 5 new (0 comments)
A foreclosure sale is the final stage of the foreclosure process, at which the property in foreclosure is sold at public auction to the highest bidder. The sale is conducted by a court-appointed referee. The referee begins the sale by reading aloud the Terms of Sale; the Terms of Sale is the document that acts as the contract of sale between the referee and the high bidder and sets forth the rights, responsibilities and obligations of both the referee and the high bidder. Once the referee has read the Terms of Sale, the referee begins to accept bids for the property. (0 comments)
THE DEFINITION OF A SHORT SALE - 03/19/09 09:32 PM
If you see a price listed for a home that you think is too low for the neighborhood, ask your agent to call the listing agent to find out if the home is a short sale. Making an offer on a pre-foreclosure, short sale home is not as simple as you may think, and very few can close in 30 days or less. Many people have waited 4 to 6 months to close on a short sale, sometimes longer. A short sale means the seller’s lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with (0 comments)
MORTGAGE RATES DOWN AND LIKELY TO FALL FURTHER. TIME TO BUY? - 03/19/09 01:49 PM
The Associated Press reported today that rates on 30-year mortgages plunged to their lowest levels since January and are poised to fall further after the Federal Reserve launched a new effort to prop up the housing market. They are reporting that Freddie Mac, the giant mortgage finance company, said that average rates on 30-year fixed-rate mortgages dropped to 4.98 percent this week. These rate quotes were given before the Fed said Wednesday that they would pump 1.2 trillion into the economy in an effort to lower rates on mortgages. That is expect to lower rates even further. You may now (0 comments)
Weekly statistics 3/08/09- 3/15/09 Wow…8 condos went under contract last week which is double the amount from the previous week. The Hoboken condo market also had 11 condo closings which is the same as last weeks amount. As of today, there are a total of 111 Hoboken condos pending to close. These are the buyers making a commitment in this market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED OFFERS: 1 BEDROOM 2 units received accepted offers Click Here to View Listings These homes averaged 50 days on market. 2 BEDROOMS 5 condos had accepted (0 comments)
HOBOKEN REAL ESTATE MARKET’S NEWEST LISTINGS - 03/13/09 07:47 PM
View the newest listings to see what hot buys are there for you! This week brought 32 new condo listings and (1) 1-4 Family home to the Hoboken market. Have a look at them all! STUDIO CONDO One spacious 340 sqft Washington St studio priced at $268,700 Click Here to View Listings 1 BEDROOM CONDOS 1 bedroom beauties starting at $314,990 Click Here to View Listings 2 BEDROOM CONDOS Upgrade from you 1 to a nice 2 bedroom. 14 homes here with a 2 bed / 2 bath starting at $435,000. Click Here to View Listings 3 BEDROOM CONDOS No new (0 comments)
THE BEST FURNITURE PICKS FOR THE FIRST TIME HOME BUYER - 03/12/09 08:45 PM
Are you setting up your first home? If you don’t know what you’ll really need, read through the following list for some helpful tips. A Bed to Last a Lifetime You’ll spend about 1/3 of every day in bed, so you should one that’s comfortable and well constructed. Choose the best quality one you can afford. After all, you’ll probably have it for 10 years or more. And keep in mind that the most expensive bed might not be the best bed. If you can’t invest in a great bed right away, buy an air bed for a short time. It will (0 comments)
BEWARE OF FORECLOSURE SCAMS - 03/12/09 08:20 PM
Foreclosure is a very serious situation to be in. If you are nearing the possibility of foreclosure I am sure you are getting letters from many different sources telling you they want to help you. It can be very confusing so you need to be aware of the scams that have come to light. Following are two scenarios that have been given to take advantage of people who are about to lose their home. Some organizations are advising people on the phone and by mailers to home owners, to just walk away and their home go to foreclosure. It appears the organizations (0 comments)
HOBOKEN CONDO MARKET WEEKLY STATS - 03/09/09 06:21 PM
Weekly statistics 3/01/09- 3/08/09 Ok, just 4 condos went under contract last week. A drop from the previous weeks 7 units however it was nice to see that there were two properties listed over $700,000 in this mix. As of today, there are 109 Hoboken condos pending to close. These are the buyers making a commitment in this market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED OFFERS: 1 BEDROOM No offers accepted in this category 2 BEDROOMS 4 condos had accepted offers Click Here to View Listings Average days on market for this group was (0 comments)
HOBOKEN REAL ESTATE MARKET’S NEWEST LISTINGS - 03/06/09 10:17 PM
View the newest listings to see what hot buys are there for you! This week brought 41 new condo listings and (1) 1-4 Family home to the Hoboken market. Have a look at them all! STUDIO CONDO One 600 sqft studio on the 7th floor in doorman building priced at $389,000 Click Here to View Listings 1 BEDROOM CONDOS Looking for a nice 1 bedroom home? Check these 16 new listings starting at $290,000. Click Here to View Listings 2 BEDROOM CONDOS Perhaps a 2 bedroom home is on your list. Well 21 new properties are available for your viewing pleasure. (0 comments)
Hoboken, NJ: A Pet-Friendly City We all love our pets, shelling out more for food, supplies and veterinary care than we do on consumer staples like beer, ice cream, cosmetics and golf–some $36 billion annually. The combined total of cats and dogs in the U.S. is estimated at 163 million, or more than one for every two people. When it comes to choosing a place to live, Hoboken is one of the best pet-friendly cities you will find. With generous public space, ample veterinary care and many pet-friendly retailers, all adds up to heaven on earth for Hoboken pet lovers. With (0 comments)
6 THINGS TO KNOW ABOUT THE FIRST TIME HOME BUYER CREDIT - 03/06/09 09:08 AM
6 Things to Know About the First Time Home Buyer Credit 1. Eight grand, new buyers: This credit is equivalent to 10 percent of the purchase price of the home–although it’s capped at $8,000–and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have to be repaid. 2. First time buyers defined: For the purpose of this legislation, a “first-time home buyer” is someone who hasn’t owned a principal residence for three years before buying a house. (The date of purchase is considered the day that the title is (0 comments)
HOBOKEN CONDO MARKET WEEKLY STATS - 03/05/09 09:19 PM
Weekly statistics 2/22/09- /01/09 Another million dollar listing received an accepted offer last week. The $1,060,000 priced condo at newly constructed “Arthur’s Court”, 78 Jackson St, is now under contract. A total of 7 condos received firm accepted offers last week. As of today, there are 111 Hoboken condos pending to close. These are the buyers making a commitment in this market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED OFFERS: 1 BEDROOM 3 condos received an accepted offer Click Here to View Listings These averaged 72 days on market. 2 BEDROOMS 3 condos had (0 comments)
Market news,stats, new listings, price reductions and lots of other useful info about condos and other real estate in Hoboken, NJ.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.