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Hoboken Real Estate Market’s Newest Listings & Price Reductions - 05/30/09 03:03 PM
Hope everyone has a fantastic Memorial Day weekend. This could be a nice long weekend for house shopping! Here are this weeks newest listings and price reductions. 26 new condo listings (28 last week) and 2 new 1-4 Family homes (3 last week) hit the Hoboken market. 30 condo price reductions (44 last week) 1-4 family home had a price reduction (3 last week) Check them all out. Studio condo new listings (1 last week) 2 price reductions. (1 last week) Click Here to View Listings 1 bedroom condos 12 new listings starting at $314,900 (8 last (0 comments)
Hoboken Condo Market Weekly Stats - 05/27/09 08:12 AM
Finally some increased buying activity. We saw nice gains in both pending contracts and closed sales. Like we mentioned last week, the best way to take advantage of a buyers market is to BUY!!! Weekly statistics 5/17/09- 5/24/09 17 condos went into contract last week, a nice gain from the 11 units from the previous report. 14 condos closed last week. 4 closings the previous report. Another noticeable gain! As of today, there are a total of 150 Hoboken properties sales pending to close (140 last week). Here are the deals of last week….. Firm accepted offers: Studio & 1 (0 comments)
Hope everyone has a fantastic Memorial Day weekend. This could be a nice long weekend for house shopping! Here are this weeks newest listings and price reductions. 26 new condo listings (28 last week) and 2 new 1-4 Family homes (3 last week) hit the Hoboken market. 30 condo price reductions (44 last week) 1-4 family home had a price reduction (3 last week) Check them all out. Studio condo new listings (1 last week) 2 price reductions. (1 last week) Click Here to View Listings 1 bedroom condos 12 new listings starting at $314,900 (8 (0 comments)
April 2009 - Hoboken Condo Market Statistics - 05/20/09 08:12 AM
Here are the final numbers for April 2009 compiled using the Hudson County Multiple Listing Service. The numbers are showing the effects from the challenges that the local real estate markets have been facing. The bright spot is that buyers that are participating (you have to participate to take advantage) in this buyers market are finding affordability fantastic, mortgage rates at historic lows, excellent selection / quality and negotiating possibilities off of the list prices. To be a “buyer”, one has to actually buy! Check out the stats: Studio: 1 contract pending. Asking price is $480,995. Days on market is 112 (0 comments)
Hoboken Condo Market Weekly Stats - 05/19/09 09:21 AM
We seem to be keeping about the same pace for contracts signed and for closings. This indicates a market where the smart deals are being snapped up by savvy buyers but where the overall market is still rather tame. What’s exciting are all the great deals out in the marketplace, the fantastic interest rates, the first time home buyers credit (expires end of this year) and the quality of many of the homes. Anyway, here are the stats! Weekly statistics 5/10/09- 5/17/09 11 condos went into contract last week, up just slightly from the 9 units from the last report. 4 condos closed last (0 comments)
Hoboken Real Estate Market’s Newest Listings & Price Reductions - 05/16/09 04:30 PM
We are in a buyers market but you have to actually “buy” in order to participate. There are lots of great deals out there and folks are getting really nice properties at really good prices. Come join the fun Check out this weeks newest listings and price reductions. 28 new condo listings (33 last week) and 3 new 1-4 Family homes (2 last week) hit the Hoboken market. 44 condo price reductions (35 last week) (3) 1-4 family homes had price reductions (3 last week) Check them all out. Studio condo 1 new listings offered at $435,000 (0 last week) (0 comments)
Is a Short Sale a Good Idea? - 05/15/09 11:17 AM
Are you thinking about selling your home? If the value of your home is less than the amount of your outstanding loan consider a Short Sale. For example, if your home is worth $250,000 but you have a loan of $260,000 then a short sale is a consideration. Obviously, if you do not have to sell your home, you could wait out the market and hope for a turnaround in real estate values. However, if you do have to sell your home you basically have three options. First, you can bring cash to the table. In the example above you would sell (0 comments)
FHA First Time Buyer Program - 05/15/09 11:15 AM
There is the FHA First Time Home Buyer Program which helps first timebuyers who might not be ideal candidate for traditional mortgages. FHA program has the following benefits for first time home buyers. Credit Score Requirement –The FHA underwriter will evaluate the entire credit profile to determine the borrower’s likelihood of repayment. Currenty, several lenders are requiring 620 credit scores. Bankruptcy okay – Chapter 7 bankruptcies are allowed if discharged over 2 years ago (or 1 year with extenuating circumstances). Chapter 13 bankruptcies are allowed with a minimum of 1 year of on time plan repayment and trustee approval. Less Money Needed – FHA (0 comments)
Hoboken Condo Market Weekly Stats - 05/12/09 08:10 AM
Has buyer activity increased? Not according to last weeks stats! Although my conversations with other agents and brokers seem to lean towards increased buyer interest, the solid deals are not backing this up yet. I’ll recap the April sales tomorrow. Here’s the activity of last week. Weekly statistics 5/3/09- 5/10/09 9 condos went into contract last week, down from the 13 units from the last report. 3 condos closed last week. 14 closings the previous report. As of today, there are a total of 140 Hoboken properties pending to close (133 last week). Here are the deals of last week….. (0 comments)
The best way to begin choosing the right paint color for your living room is to let the fabric in your living room lead the way. Fabric provides inspiration for a room’s color scheme. It’s also a good starting point since painting your living room is much easier and costs a lot less than to change furniture. Mark or rip out pages in magazines with rooms that you like. This will become your decorating portfolio and will come in handy when its time to pick a mood and feel for your room. You may even see a room with (0 comments)
Be$t Buy$ - Hoboken - 05/06/09 02:15 PM
Every week we’ll highlight some of the best buys and values for Hoboken condos and row houses. If you’re looking for a one, two, three or 4 bedroom condo or a fabulous row house, check back often as these are sure to be the homes to sell the fastest. Best buy - 1 bedroom 300 Newark St #5E, Hoboken - Downtown Hoboken 1 Bed, Balcony, NYC Views, Great PATH location! 855 square feet with excellent floor plan. Easy walk to restaurants, shopping and Hoboken’s waterfront park / promenade. Offered at $389,000 Click Here to View Listings Why it’s a best buy - Another unit (0 comments)
Great, some positive news. The Commerce Department just reported that construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists had expected spending to drop 1.5 percent for a sixth straight monthly decline. Meanwhile, the National Association of Realtors said its index of pending home sales rose 3.2 percent to 84.6 in March, the second monthly increase after it hit a record low in January. The pending sales index also is 1.1 percent above last year’s levels. Typically, there is a one- to two-month lag between a contract and a done deal, so the index (0 comments)
Thinking about buying but not sure…read “I want to buy my home at the bottom. Me too!” Check out this weeks newest listings and price reductions. 33 new condo listings (29 last week) and 1 new 1-4 Family home (1 last week) hit the Hoboken market. 35 condo price reductions (29 last week) (3) 1-4 family homes had price reductions (2 last week) Check them all out. Studio condo no new listings (1 last week) 2 price reductions. (0 last week) Click Here to View Listings 1 bedroom condos 14 new listings starting at $285,000 (10 last week) Click Here (0 comments)
Stop Throwing Away Your Money on Rent? - 05/01/09 09:18 AM
Buying a condo is one of the biggest and possibly best decisions you can make If you are looking to either rent or buy, here are some reasons that buying may work out better for you. When you pay rent you are putting money into something that you cannot call your own. Every month you pay rent but once your lease is up, the apartment is no longer yours. Putting so much money towards an apartment is very similar to throwing money away. In the end, you do not get anything out of rent once the lease is done. When you buy (0 comments)
Market news,stats, new listings, price reductions and lots of other useful info about condos and other real estate in Hoboken, NJ.
If you enjoy what you are reading, remember to subscribe to my blog. It is my focus to provide relevant greater Hoboken real estate market information on real world level. No media hype. No fluff. Just a real voice based on an active Hoboken REALTOR (R).
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.