Last week I did a phone interview, with a very astute reporter for Inman News. Marty Graham wrote a story on the psychology of the buyers and agents in this market. She is from San Diego and the power of the Internet shows. Marty found me on the Internet, she read some of my blogs and seen my sit
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03/11/2009
Franklin Lakes real estate, Bergen County New Jersey Home sales report for 2008. Franklin Lakes showed one of the larger unit volume declines of 60% from the high year of 2004. However, there was only a decline of 15.11% for median home sale price from the prior year which was the high year for m
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03/11/2009
With all the foreclosures, short sales, write offs, job losses. Who will be left to get this economy going? I have said many times the government must key this crisis recovery at the strong. They must make guarantees and funding available to investor that can and will buy the distressed assets. T
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03/07/2009
Park Ridge Bergen County New Jersey homes sales report, from 2003 to 2008. Although sales volume declines were high at 48.65%, median sales were off 15.09%. Park Ridge located in Northern Bergen County did not have the much vacant land for the wholesale speculation that went on in other areas of
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03/05/2009
The 5th wave is ending, and there is a bottom at hand. March crude Oil, we are flat. Last update we said SPH09 or ESH09 stock index futures. We missed our short sale. Oh well, I am looking to start buying. We will use a 3 unit strategy. We will buy 1 unit at $775 now, a second unit at $735 and a
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03/02/2009
Paramus home sales from 2003 to 2008 show a sales volume decline from 2005 of 43.92%. The median sales price also fell over 12.15% from the high year of 2007. Although the volume has fallen significantly, prices have been resistant to fall as dramatically as other areas of the country. Sellers ha
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03/01/2009
All new homes for sale by Richard Stabile in Northern New Jersey Bergen County Number 1 new home seller. On all our new homes for sale, special incentive stimulus financing package at builder's expense. Rates as of 2/28/2008 Quialfied buyers may choose: Loan amount: $625,000 or less 4 3/8% fi
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02/28/2009
Upper Saddle River home sales from 2003 to 2008 show a sales volume decline from 2005 of over 40%. The median sales price also fell over 20% from the high. A large amount of large new homes constructed, controlled the Upper Saddle River real estate market price levels. It is my belief that the in
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02/25/2009
My Mortgage broker past this on with permision to copy. I think it is worth reading. President Obama unveiled his plan to help stabilize the housing market and keep millions of borrowers in their homes.The Homeowner Affordability and Stability Plan includes two initiatives to help struggling home
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02/24/2009
I have been blogging about the financial crisis for too long. However, I have seen the first sign of recovery. Last week my mortgage agent gave a package to one of my home buyers, which we haven't had for over 5 months. He gave a $2,000,000, two million dollar loan for a 30 year fixed Jumbo. It w
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02/24/2009
