sales statistics: Passaic County NJ Real Estate Sales Statistics - June 2009 - 08/03/09 11:28 AM
Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics: May 2009 - 06/29/09 01:56 AM
Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.
Lawrence Yun, NAR chief economist, said buyers are responding to very favorable market conditions. "Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - April 2009 - 05/26/09 07:41 AM
Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.
Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. "This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - March 2009 - 05/06/09 05:47 AM
The Federal Housing Administration is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors delivered to the Senate Appropriations Subcommittee today.
"Without FHA financing, families would be unable to purchase homes and communities would suffer from continued foreclosures and blight," said Lennox Scott, a member of NAR's Real Estate Advisory Board and CEO of John L. Scott Real Estate in Bellevue, Washington. In his testimony, Scott shared NAR's belief in the importance of FHA and concern for … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - February 2008 - 03/23/09 06:44 PM
Pending home sales declined on the heels of a weakening economy and with some buyers waiting for clarity on housing stimulus provisions, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January, fell 7.7 percent to 80.4 from a downwardly revised reading of 87.1 in December, and is 6.4 percent below January 2008 when it was 85.9. The index is at the lowest level since tracking began in 2001, when the index value was set at 100.
Lawrence Yun, NAR chief economist, said the downturn in the economy also weighed … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - 2008 - 01/26/09 09:01 AM
After holding fairly stable for a year, pending home sales declined in the face of job losses and an eroding economy, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 4.0 percent to 82.3 from a downwardly revised reading of 85.7 in October, and is 5.3 percent below November 2007 when it was 86.9. The current index is the lowest since the series began in 2001.
Lawrence Yun, NAR chief economist, said a weakening was inevitable. "Mounting job losses and very weak consumer confidence deterred home buyers from … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - November 2008 - 12/23/08 02:36 AM
Passaic County Real Estate Sales Statistics - November 2008
Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®.The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly revised reading of 89.5 in September, and is 1.0 percent below October 2007 when it was 89.8.Lawrence Yun, NAR chief economist, said a review of the past year is instructive. "Despite the turmoil in the economy, the overall level of pending home sales has been remarkably stable over the … (0 comments)

sales statistics: Passaic County Real Estate Sales Statistics - August 2008 - 09/29/08 06:56 AM
Passaic County Real Estate Market Trends The level of home sales is expected to show little movement in the months ahead, according to the latest projections by the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, fell 3.2 percent to 86.5 from an upwardly revised reading of 89.4 in June, which had risen 5.8 percent from May. The July index remains 6.8 percent below July 2007 when it stood at 92.8.
Lawrence Yun, NAR chief economist, said home sales continue to edge up and down. "Pending home sales are oscillating month-to-month, … (0 comments)

 
Orly Steinberg (Coldwell Banker Residential Brokerage)

Orly Steinberg

Ringwood, NJ

More about me…

Coldwell Banker Residential Brokerage

Office: (973) 962-5410

Fax: (973) 962-9697

Email Me



Links

Archives

RSS 2.0 Feed for this blog