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housing market: S & P Case-Shiller Report Released - 04/26/11 06:32 PM
The Standards & Poors Case-Shiller report was released earlier today. The S & P Case-Shiller index, tracks the value of residential real estate in 20 metropolitan regions across the United States. The methodology, developed by Karl E. Case, an economics professor at Wellesley College, and Robert J. Shiller, an economics professor at Yale, collects data monthly on sales of existing single-family houses.
According to the report, housing prices peaked during the spring of 2006 then begain a 36-month decline. This was followed by a 13-month national increase which generated a 5% gain in prices. The current index is 139.27 which is just … (1 comments)
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housing market: OK. You Win. Stop Listening to Real Estate Agents! - 04/05/11 11:05 PM
Each day we attempt to give truthful insight on the current housing market. If we report what is perceived as negative news, some in the real estate community come down on us hard. However, when we explain that we think now is a great time to buy, we get an avalanche of feedback from the general public attacking us for being nothing more than puppets for real estate agents across the country. Today, we don't want you to listen to what we think about the opportunities that exist for buyers in this market. Instead, we want to report on what some … (4 comments)
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housing market: Existing home sales are up 4.3% for second quarter but there is more to the story - 08/12/10 11:23 PM
The median price for an existing single-family house in the area that includes Monmouth and Ocean counties rose 4.3 percent in the second quarter, a boost helped in part by the now-expired federal homebuyer tax credit, the National Association of Realtors (NAR) said Wednesday. The median price for a house that sold in Monmouth, Ocean, Middlesex and Somerset counties rose to $345,800 in the second quarter, up from $331,700, the price for the second quarter of last year.
There is much more to the current state of the housing market. Sellers are becoming more realistic with expectations and setting the list price for their homes. … (2 comments)
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Michael Adams
Franklin Township,
NJ
More about me…
Keller Williams Cornerstone Realty
Address: 2230 Route 206, Belle Mead, NJ, 08503
Office Phone: (908) 359-0893
Cell Phone: (908) 583-0409
Email Me
08873 is the Postal Code for Franklin Township in Somerset County, NJ and we love living here. Hi, I'm Mike Adams and this is a Real Estate blog For and About current and future residents of Franklin Township, also known as Somerset New Jersey. I would love to help you with your central NJ real estate needs. Just contact me via phone, my websites or email. I invite your comments and please visit Somerset 08873 often. Michael Adams CENTURY21 Moretti Realty 852 Easton Ave, Somerset, NJ 08873 Business: 732.828.3700 ext.306 PLEASE CALL DIRECT: 908.377.9262 Fax: 732.828.3913 mjadams@century21.com http://www.mjAdamsSellsHomes.com
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