March 2008 - Posts

Existing-Homes Sales Show Improvement
31 March 08 12:36 PM | Emil Ratti | 0 Comments   

April 1. This is the day upon which we are reminded of what we are on the other three hundred and sixty-four. -- Mark Twain According to a late-March report by the National Association of Realtors®, sales of existing homes increased in February and Read More...

Filed under: Housing Outlook, Buyers & Sellers

Home Sales Rose In February
24 March 08 04:15 PM | Emil Ratti | 0 Comments   

Good news! This morning, the National Association of Realtors (NAR) reported that existing home sales rose 2.9 percent nationally in February. What’s more, existing home sales in the Northeast increased 11.3 percent. In addition, the median home Read More...

Filed under: Housing Outlook, General Subjects, Buyers & Sellers

Home Prices Show Increases in Many Markets
15 March 08 01:24 PM | Emil Ratti | 0 Comments   

According to a mid-February report from the National Association of Realtors®, approximately half of metropolitan areas continued to show rising home prices in the fourth quarter of 2007. Last quarter, 73 out of 150 metropolitan statistical areas Read More...

Filed under: Housing Outlook, Market Monitor, General Subjects

New Mortgage Ceilings Have Been Approved
07 March 08 07:02 PM | Emil Ratti | 0 Comments   

New Mortgage ceilings have been approved by Fannie Mae/Freddie Mac as follows: These limits are for Bergen County, which is considered a high cost area One Family- $729,750.00 Two Family-$934,200.00 Three Family- $1,129,250.00 Four Family- $1,403,400.00 Read More...

Filed under: General Subjects, Buyers & Sellers