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The Right Price - 01/24/10 03:47 PM
During the winter it can be very frustrating to sella home. But even in a slow market, homes can and will sell. It is very obvious that condition and appearance are important to a home’s marketability, but nothing is more important than setting the price appropriately right when the property is listed for sale. To set the ideal selling price, it is critical to work with an experienced real estate agent with plenty of local market knowledge. A market analysis is based on current listings and homes that have sold in the past few months. This is a great tool to (2 comments)
Is Winter a Good Time to Sell Your Home? - 01/24/10 03:46 PM
Times are changing and many are saying that thiswinter is an ideal time to buy a home. The main reason is that the $8,000 first-time buyers’ tax credit and $6,500 incentive for existing homeowners will expire April 30. Without a doubt, proponents and critics of the tax credit both agree that the program has improved home sales and even increased the selling prices. Although, there was a noticeable decrease in home sales during the period of when the credit was extended and expanded after the original Nov. 30 deadline. This may bring concern about the market’s reaction when the government programs (2 comments)
The Home Top Design Trends for 2010 - 01/24/10 03:45 PM
The National Kitchen and Bath Association haspublished the top design trends for 2010, after surveying designers. In the flooring and countertop area – tile, stone, hardwood and granite are still popular. Pull-out faucets continue to increase in popularity, and pot filler faucets will also be a popular trend for 2010. This is a faucet that is built in the wall placed above the stove that is useful for filling large pots of water. Another interesting trend is refrigerator and dishwasher drawers. This is a convenient feature for older consumers who prefer a counter-level drawer to avoid bending over to unload the dishwasher. (3 comments)
Will 2010 be the Year to Buy a Home? - 01/18/10 07:37 AM
1. Real estate values are finally showing signs ofstabilization in recent months. 2. 2009 gave us some extremely attractive mortgage rates. A major reason behind the dip was the timing of a Federal Reserve program, that purchased debt and mortgage-backed securities from Fannie Mae and Freddie Mac. 3. With continuing low home prices and mortgage rates, and additional homes hitting the market, the real estate market will continue to favor buyers over sellers in 2010. 4. Approximately, 1 in every 7 mortgages was either past due or in foreclosure by the end of the third quarter in 2009. This is the (0 comments)
Long-Awaited Relief May Finally Be Here? - 01/18/10 07:36 AM
CNN Money reports that 2010 could bring a long-awaited relief for the real estate market. With decreasing inventories and home sales rising, economists feel that home values could fall another 5 to 10 percent before finally bottoming out in the second half of the year. According to the National Association of Home Builders, with the 30 percent price drop beginning in 2006, houses are more affordable now than in the the past two decades. Mortgage rates are also expected to stay low in the beginning months of the new year. This is because the Federal Reserve will continue to purchase mortgage backed-securities. In addition, the (3 comments)
Did you know that you can get extra cash back for switching to an appliance endorsed by the Energy Star program? The amount of cash you’ll get back varies state to state. To be sure of what you will get, take a look at the Department of Energy’s Energy Savers website and the Energy Star website for outlines of your state’s plan. Following are few items that have potential rebates: Hot-water heater The typical family spends $400 to $600 year for hot water, according to Energy Star. Refrigerator Your refrigerator uses the most energy at 11 percent of your household total. New refrigerators are (1 comments)
Defaults are Decreasing with the Reduction of Mortgage Principal - 01/11/10 08:47 AM
According to a new study by the Federal Reserve Bank of New York, borrowers who have had a recent loan modification to reduce their interest rate and loan balances are the most likely not to re-default on their mortgage. The study says that a borrower’s chance of defaulting within one year is reduced by 11 percent when only interest rates are lowered. Although, when a borrower’s loan balance is reduced by 25 percent and the interest stays the same or is reduced, the borrower’s probability of default is reduced by 26.5 percent. Have you been waiting for the right opportunity to (0 comments)
Average Hoboken condominium price gains annihilated the S & P 500 stock index in the first decade of the millennium. While the average Hoboken condominium prices rose an impressive 154% in the decade, the S & P 500 stock market index posted an average decrease of 0.9 percent a year since 1999 including dividends, the first negative return for a decade since data began in 1927, according to S&P analyst Howard Silverblatt. Hoboken condos sold at an average price of $197,175 for the year ending 1999 vs $501,337 at the end of 2009. I don’t think anyone was able to live (0 comments)
December 2009 Hoboken Condo Sales Statistics - 01/07/10 06:07 PM
Here are the final sales figures for December 2009 compiled using the Hudson County Multiple Listing Service. Sales volume for Hoboken condominiums were way up but average and median prices were both down, according to year over year data for the month of December. The number of closed sales exploded 127%. There were 66 closed units in December ‘09 vs. 29 units same month in ‘08. While an impressive gain, these numbers are going up against extremely weak sales figures from last years financial market meltdown. The average sale price was $495,089 in December 2009, down 7.3% from $534,183 in December (0 comments)
Economy Continues To Slowly Improve - 01/04/10 10:26 AM
The economy appears to be on its way to recovery with a 2.2 percent increase during the third quarter. Since the increase did not match the estimation of the U.S. Commerce Department’s 2.8 percent growth rate, experts are saying consumers are still being cautious and are not spending as much as they originally thought they would. A number of analysts are currently estimating a possible 4-5 percent gain during the current quarter. The results of the current fourth quarter will be released January 29. Have you been waiting for the right opportunity to buy your first home? Perhaps you are looking to (0 comments)
Existing-Home Sales Have Risen Again - 01/04/10 10:22 AM
According to the NATIONAL ASSOCIATION OFREALTORS®, first time home buyers rushed to close sales before the original Nov. 30 deadline for the first time home buyers tax credit. The rush of buyers during the month of November created a gain in existing home sales. The gains in November included the following figures: Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4 percent to a seasonally adjusted annual rate of 6.54 million units in November from 6.09 million in October, and are 44.1 percent higher than the 4.54 million-unit pace in November 2008. Current sales remain at the highest (0 comments)
Consider a Healthier Home for 2010 - 01/04/10 10:20 AM
Following is a list of things to consider changing at home if you are looking to lead a healthier lifestyle. Potential Radon in the Basement or First Floor In most of the United States, this odorless gas has potential to seep into your house from the ground. To find out if your home may contain radon, check outradon in the home. If you’re in zone one or two it is advisable to get a radon detector. If you detect radon, sealants and other retrofits will stop the problem. Protect yourself from falls In the United States alone, 20,000 people die from injuries in (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.