real estate: Toms River Real Estate Market Report for the First Quarter of 2011
- 04/10/11 12:27 PM
by Jim Flanagan on April 6, 2011 in Uncategorized Single Family Homes in Toms River (First Quarter 2011): Toms River Real Estate-1st Quarter 2011 This chart displays the sales and inventory of Single Family Homes in Toms River, NJ. The high-lighted area focuses on the first quarter of 2011. As we can see, sales dropped in February before spiking in March but the supply of homes for sale spiked in February and dropped in March (despite the current inventory increasing by over 120 homes)! Both of these factors could be attributed to March traditionally marking the beginning of the “Spring … (0 comments)
This chart displays the sales and inventory of Single Family Homes in Ocean County, NJ. The high-lighted area focuses on the first quarter of 2011. As we can see, sales have steadily increased month-over-month but the supply of homes for sale has remained relatively stable at just over 19 months. Both of these factors could be attributed to March traditionally marking … (0 comments)
real estate: Window of Opportunity to Buy UP in Ocean County, NJ!
- 03/14/11 12:19 PM
Posted on March 14, 2011 by Jim Flanagan Purchased from istockphoto.com Both the national and local real estate news is “abuzz” with activity concerning mortgages lately. If you read our last post, you are aware that applications for home mortgages jumped to their highest level in three months last week. But, there was also a lot of “buzz” that many of us, in Ocean County, outside of the mortgage and real estate industries, may not be aware of… A proposal to phase out the government subsidized entities of Fannie Mae and Freddie Mac has been drafted and is already affecting borrowers … (0 comments)
real estate: How is the market in Ocean County, NJ?
- 03/05/11 08:35 AM
Posted on March 5, 2011 by Jim Flanagan We are just over 2 months into 2011 and about to enter the traditional “Spring Real Estate Market” here in Ocean County, NJ. So, how is the market in Ocean County looking so far? Looking back at January and February of this year, Ocean County saw 199 and 194 Single Family Homes sell (respectively). The median sales price averaged $260,000 for both months and the sales to list price ratio averaged 93%. We currently have over 21 months of inventory available in Ocean County, which means; at the current pace of sales, if … (0 comments)
real estate: 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)
real estate: Is SANITY starting to creep back into the banking industry?
- 02/17/11 08:45 AM
Posted on February 17, 2011 by Jim Flanagan An old high school friend sent me this article from the Wall Street Journal and asked: Jim, Is SANITY beginning to creep back into the banking industry?? Check out China’s typical mortgage requirements, and see how well they handled the global meltdown–coincidence? I think not. Not gonna make your job any easier, but I think it’s a necessary step. Your thoughts? Mike Well, here are my thoughts: Flanagan Did It For Them! “Gradually” increasing the minimum down payment on conventional loans is a non-issue; conventional borrowers are savvy enough to understand and appreciate … (1 comments)
real estate: Home is where the Heart is; Happy Valentine's Day Ocean County, NJ!
- 02/14/11 09:29 AM
Home is where the Heart is... As the population of Ocean County, NJ, observes Valentine’s Day, in their own personal way today, we thought we would take the time to recognize the “Love Affair” our nation still has with the Dream of Home-Ownership! The basis of our post today is a recent survey conducted by Trulia, which shows that 70 PERCENT OF AMERICANS VIEW HOMEOWNERSHIP AS PART OF PERSONAL AMERICAN DREAM! This report was brought to our attention by our friends at Keeping Current Matters, in their wonderful post, “Own Thy Own Home”! Basically, the survey revealed the following: 70% … (0 comments)
real estate: Will the Groundhog see it's "Shadow Inventory" in Ocean County, NJ?
- 02/02/11 02:40 AM
Will the Groundhog see it's "Shadow Inventory" in Ocean County? Will Home-Sellers in Ocean County, NJ, SEE the benefits of an early Spring by listing and pricing their homes to sell? Or will they SEE their "Shadow Inventory" come to market and suffer 6 more MONTHS of Wintry Price Declines?February 2nd may be Groundhog Day to most of us, but if you NEED to SELL your home in Ocean County this Spring, February 2nd may be the day you see the light and list your home for sale with a professional at a compelling price!Here's why: Fannie Mae is delaying their … (2 comments)
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by Jim Flanagan on April 6, 2011
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