housing market: Could 2011 be the End of the Housing Crash in Ocean County, NJ?
- 03/01/11 04:46 AM
Posted on February 28, 2011 by Jim Flanagan A good friend of mine just called to tell me about an article he saw on YAHOO, concerning the real estate market, Why 2011 May Be the End of the Housing Crash. I don’t know which interested me more; the fact that the Wall Street Journal published something positive about real estate or the amazing amount of “comments” attempting to discredit the author, the Wall Street Journal and everyone and anyone who ever had anything to do with real estate? Now, I don’t know anything about them (the commenters) but I do know … (0 comments)
housing market: No Secrets, for First Time Home-Buyers, in Ocean County, NJ!
- 02/23/11 08:32 AM
Posted on February 23, 2011 by Jim Flanagan NO Secrets! I just finished reading this post from Trulia, Surprising Insider Secrets for the 5 Stages of Buying Your First Home. The author, Tara-Nicholle Nelson, is a real estate broker in San Francisco, CA. She makes some excellent points, but ONE jumped out at me more than the others; your family and your friends can cause you to lose your dream home! This is NO secret to real estate professionals here in Ocean County, NJ, but to our potential first time home-buyers; you may need to get your “believers” fixed. Stage Four: … (1 comments)
housing market: What is this "Shadow Inventory" and how will it affect the housing market in Toms River, NJ?
- 01/17/11 04:50 AM
What is this "Shadow Inventory" and how will it affect the real estate market in Toms River, NJ? We keep hearing the term, "shadow inventory" thrown around the real estate room these days. Exactly what is it and how will it affect me in Toms River, NJ?Shadow Inventory refers to the "as of yet" unknown number of homes currently "in foreclosure" which have NOT been released to the market yet by the banks!Slide courtesy of Keeping Current Matters!So, what does that mean to me?Well, if you NEED to SELL your home in Toms River, in 2011, there is currently a 13 … (3 comments)
housing market: What will happen in the Housing Market, in Ocean County, NJ, in 2011?
- 01/03/11 02:54 AM
What will happen in the Housing Market in Ocean County, NJ, in 2011? Before we can guess-timate at what may happen in the housing market in Ocean County, NJ, in 2011, we must take a look back and recognize exactly what occurred in real estate in 2010. Here's a short video summarizing the significant events in housing last year and their repercussions: As we plainly see, the government's intervention in the housing market was well intended but mostly ineffective. The 3 major initiatives; Mortgage Modification (HAMP), The Home-Buyer Tax Credit and the unprecedented purchase of Mortgage Backed Securities, were all designed … (0 comments)
housing market: Did YOU Know "They" Want to Take YOUR Mortgage Interest Rate Tax Deduction Away in Ocean County, NJ?
- 11/18/10 06:57 AM
Did YOU Know "They" Want to Take Your Mortgage Interest Tax Deduction Away? As a Home-Owner, or Prospective Home-Owner, in Ocean County, NJ, did you know that the Obama Administration's National Commission on Fiscal Responsibility and Reform has proposed limiting the mortgage interest rate deduction on taxes? According to a November report, as reported through HousingWire.com, one option excludes citizens from deducting interest payments on second residences, home equity loans or mortgages over $500,000. Why this is a BAD idea!Steve Harney and his Crew over at Keeping Current Matters summed it up best: 1. Homeownership is a Major Part of the … (1 comments)
housing market: Who will YOU listen to? Don't be a "Little Jimmy"!
- 10/07/10 05:05 AM
Who will you listen to? Don't be a "Little Jimmy"! With all the misinformation being disseminated by the various media outlets (including the National Association of Realtors), it is no wonder that today's home-buyers and home-sellers, in Toms River, NJ, don't know who to listen to! The NAR just released their latest, Existing Home Sales Report, which shows sales of existing homes in August 2010 were 19% below sales in August of 2009. What almost everyone has forgotten, or doesn't bother to read further than the first paragraph, is that August of 2009 was 90 days prior to the expiration of … (0 comments)
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Posted on February 28, 2011 by Jim Flanagan A good friend of mine just called to tell me about an article he saw on YAHOO, concerning the real estate market, Why 2011 May Be the End of the Housing Crash. I don’t know which interested me more; the fact that the Wall Street Journal published something positive about real estate or the amazing amount of “comments” attempting to discredit the author, the Wall Street Journal and everyone and anyone who ever had anything to do with real estate?
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