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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...
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...
2nd Half of 2008 Poised for Improvement
25 May 08 01:10 PM | Emil Ratti | 0 Comments   
Home sales and prices throughout most of the country are poised for improvement in the second half of 2008, and the recovery will vary by market, said NAR Chief Economist Lawrence Yun at a recent meeting. Middle-America cities that performed evenly over Read More...
Second-Home Sales Accounted for One-Third of Transactions in 2007
04 April 08 09:37 AM | Emil Ratti | 0 Comments   
The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the National Association of Realtors® 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...
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...
September Housing Stats – Northern New Jersey
18 October 07 08:34 AM | Emil Ratti | 0 Comments   
Bergen , Passaic , Essex , and Sussex Counties : - Number of homes sold in September lowest in four years. - Average sale price for all counties are up slightly for the year. - Inventory has doubled in Bergen and Passaic Counties . Inventory in Passaic Read More...
Bergen, Passaic, and Essex County Housing Stats
23 July 07 06:25 PM | Emil Ratti | 0 Comments   
Bergen County Home Sales Residential 1-Family Market Absorption Rate 06/17/07 - 07/17/07 7.72 (7+ = Buyers Market) Bergen County Single Family Month Ave. Sale Price (x1000) '04 '05 '06 '07 Homes Sold '04 '05 '06 '07 Days Read More...
Design Trends Survey Focuses on Home Layout and Use
06 July 07 08:21 PM | Emil Ratti | 0 Comments   
For the first time in three years, homes are decreasing in size, according to the American Institute of Architects’ latest Design Trends Survey that focused on overall home layout and use during the first quarter of the year. As a result, homeowners Read More...
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Positive Economic Factors
05 July 07 04:49 PM | Emil Ratti | 0 Comments   
If misery loves company, then it’s fair to reason that optimism is equally infectious. I continue to see that Positive Economic Factors make me believe it is more important than ever to spread our confidence in the current market. The National Association Read More...
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Americans Confident in the Value of Their Homes
29 June 07 04:32 PM | Emil Ratti | 0 Comments   
Results of a nationwide telephone survey conducted in June by The Boston Consulting Group find Americans are optimistic about the value of their homes. They are also positive about the residential real estate market and say that real estate does not impact Read More...
Here’s some recent good news.
04 June 07 08:18 AM | Emil Ratti | 0 Comments   
Interest rates are still at historic lows. Rates are well below the 8 percent level of early this decade when the housing boom began. Overall mortgage applications were up 17 percent for the week ended May 25, compared to the same week in 2006. Consumer Read More...
Market Shows Signs of Strong Outlook
13 April 07 09:10 PM | Emil Ratti | 0 Comments   
The real estate market, as well as the overall economy, continues to show signs of a strong outlook. Just this week we learned that: · The National Association of Realtors’ chief economist, David Lereah , forecast 2007 to be the fourth highest Read More...
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Some market facts
02 April 07 08:57 AM | Emil Ratti | 0 Comments   
· The Commerce Department reported that both personal incomes and consumer spending were up 0.6 percent from the previous month, the best showing since December. · Federal Reserve Chairman Ben Bernanke reconfirmed the Fed’s assessment Read More...
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