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Existing Single-Family Home Sales Rise in May.
02 July 08 08:45 AM | Emil Ratti | 0 Comments   
According to the National Association of Realtors, sales of existing single-family homes rose by 2 percent nationally and 4.6 percent in the Northeast during the month of May. In addition, inventories of unsold homes fell 1.4 percent to a 10.8-month supply Read More...
Characteristics of New Housing report for 2007
27 June 08 08:46 AM | Emil Ratti | 0 Comments   
According to the Census Bureaus’ Characteristics of New Housing report for 2007, the average square footage of homes is currently at a historic high. On average, a completed single-family home had 2,521 square-feet, up 2.1 percent from 2,469 square-feet Read More...
New Home Sales Rose In April
28 May 08 10:45 AM | Emil Ratti | 0 Comments   
More good news! The U.S. Commerce Department reported yesterday that sales of new single-family homes rose 3.3 percent nationally in April. This was the first increase in new-home sales since October, and the results exceeded economists’ expectations. Read More...
Securing Financing in 2008
14 April 08 01:43 PM | Emil Ratti | 0 Comments   
By: Tim McLaughlin With stabilizing housing prices, relatively low interest rates and a good selection of properties to choose from, the biggest potential huddle a borrower will face in today’s market is financing options. Financing has become the Read More...
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...
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...
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...
Federal Reserve cuts benchmark interest rate.
06 November 07 07:55 AM | Emil Ratti | 0 Comments   
Last week, the Federal Reserve cut its benchmark interest rate by a quarter point, the second cut in six weeks. Decreasing the cost of money should positively impact consumer interest rates on credit cards, car loans, home equity lines of credit, mortgage Read More...
Open House E-mail Alerts Help Buyers Plan Weekend House Hunting
27 August 07 08:55 AM | Emil Ratti | 0 Comments   
A new feature has been added to Weichert.com that allows home buyers to sign up for e-mail alerts for upcoming Open Houses that meet their search criteria. By selecting the option “E-mail me new listings/Open Houses based on this search” from Read More...
Buyers Want Extra Garage Space
17 August 07 06:04 PM | Emil Ratti | 0 Comments   
Large garages with two or more spaces topped the list of features that were important to buyers who purchased homes in 2006. According to the 2007 Profile of Buyers’ Home Feature Preferences , approximately 57 percent of buyers surveyed by the National Read More...
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