foreclosures: Corzine: Jersey May Buy Homes to Stop Foreclosure - 10/24/08 09:53 AM

Gov. Jon Corzine has proposed that the federal government purchase mortgages at market value.  Under this proposal, the mortgages would be restructured, and the houses may be bought outright.  This proposal, which Corzine announced on "Meet the Press", comes at a time when our economy is being directly impacted by the stock market plunge.  Increased levels of unemployment will bring the credit crisis to the forefront.
On a later appearance in "Eyewitness News Up Close," the governor announced that New Jersey would be buying homes.  "We're going to do some on-the-ground purchases of homes," Corzine said.  He promised that this … (0 comments)

foreclosures: 5 Tips for Selling in a Market Full of Foreclosures - 07/17/08 08:43 AM
Foreclosures are on the rise buyers know it.  This increased awareness prompts buyers to push more aggressively for lower prices on properties.  It's a buyer's market right now, and thus is very price-sensitive.  Those sellers who are not in foreclosure need their home to compete with the foreclosures in order to attract the buyers who are looking at both.  Here are five tips for getting your house the attention it deserves from buyers:
Know your market-length time.  Getting an accurate idea of how long you can leave your home on the market will help you to price it correctly.  Don't base … (3 comments)

foreclosures: Not ALL Residential Real Estate is Hurting - 05/21/08 07:48 AM
While single family homes in New Jersey and across the nation may be hitting their cyclical lows, well-managed apartments are earning great returns.  One only needs to look outside the (house-shaped) box to find increased success-in rental apartments!
While home ownership decreases and foreclosures reach record levels, the apartment market is growing and remains strong and prosperous; as people leave behind homeownership, they move into affordable rental apartments.  2007 rentals showed their largest increase since 2000, according to Mark Obrinsky, chief economist of the National Multi Housing Council.
The opportunity to benefit from apartment rentals isn't limited only to billionaires; anyone … (2 comments)

 

Margaret "Maggee" Miggins

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Keller Williams

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