Hello, I'm Brian Morgenweck and this is the Bergen County, NJ condo real estate week in review for June 7 to 14, 2010 ...with a bit of hard-core honesty from the trenches! This week, we had 111 new listings bringing the grand total of active listings of Bergen County condos, co-ops, & townhouses to 1,973.   Active Listings / Condo Real Estate Week In Review List Price Range        Number of Listings        Average DOM $ 0 - $ 99,999 55 115 $ 100,000 - $ 199,999 298 124 $ 200,000 - $ 299,999 424 126 $ 300,000 - $ 399,999 418 111 $ 400,000 - $ 499,999 260 114 $ 500,000 - $ 599,999 202 141 $ 600,000 - $ 699,999 122 109 $ 700,000 - $ 799,999 57 123 $ 800,000 - $ 899,999 40 122 $ 900,000 - $ 999,999 22 133 $ 1,000,000 - $ 1,249,999 34 173 $ 1,250,000 - $ 1,499,999 19 201 $ 1,500,000 - $ 1,74... 06/15/2010

Hackensack Homes For Sale Summary | April 2010 Market Report     Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Hackensack offers good accessibility to New York City via many major highways or public transportation including its in-town train station. Clearly there is a huge over-inventory currently in Hackensack, and subsequently, the listings have become extremely competitive in pricing nature - and many offer a lot of features for the price for a new buyer !   If you would like to be emailed the full listing details on current homes for sale in Hackensack, please call local expert Sheldon Neal at 201-481-2891 or email SheldonNeal@remax.net and the available active listings will be emailed to you immediately.   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~... 06/06/2010

Hackensack Homes For Sale Summary | February 2010 Market Report     Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Hackensack offers good accessibility to New York City via many major highways or public transportation including its in-town train station. Clearly there is a huge over-inventory currently in Hackensack, and subsequently, the listings have become extremely competitive in pricing nature - and many offer a lot of features for the price for a new buyer !   If you would like to be emailed the full listing details on current homes for sale in Hackensack, please call local expert Sheldon Neal at               201-481-2891         201-481-2891 or email SheldonNeal@remax.net and the available active listings will be emailed to you immediately.   ~~~~~~~... 03/14/2010

  This is the Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Single Family Homes.   You may find this information to be very helpful if you're considering selling your home in Hackensack. Current data, as contained in this market trend report, should provide a basic understanding of your local market.   For up-to-the-moment information, please feel free to call me. Or, if you'd be more comfortable, meet me at   HackensackHomes.com.   Information Leads to Knowledge... Knowledge Creates Power.   For more information, visit: Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Condos, Co-ops & Townhouses OR Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: 2-4 Family Homes     Average Homes Sold for this period: 7 Total Homes Sold for this p... 02/26/2010

          This is the Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: 2-4 Family Homes.   Please take a look at the following information as it may be very helpful for you if you're considering selling your 2-4 family home. Current real estate data, as contained in this market trend report, should provide a basic understanding of your local market conditions.   For up-to-the-moment information, feel free to call me. Or, if you'd be more comfortable, meet me at   HackensackHomes.com.   Remember: Information Leads to Knowledge... Knowledge Creates Power!   For more information, visit: Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Single Family Homes OR Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Condos, Co-ops & Townhouses Avera... 02/26/2010

          This is the Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Condos, Co-ops & Townhouses.   The following information may be very helpful for you if you're considering selling your condo, co-op or townhouse. Current data, as contained in this market trend report, should provide a basic understanding of your local market conditions.   For up-to-the-moment information, please feel free to call me. Or, if you'd be more comfortable, meet me at   HackensackCondos.com.   Remember... Information Leads to Knowledge. Knowledge Creates Power.   For more information, visit: Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: Single Family Homes OR Hackensack, NJ Market Trend Report for the Year Ending 1/31/2010: 2-4 Family Homes     Average Homes Sold for ... 02/26/2010

      Below you'll find the Hackensack, NJ Real Estate Market Comparison Report for 2008 & 2009: Single Family Homes. The chart and bar-graphs below demonstrate a month-to-month, 2009/2008 overlay analysis for the number of single family listings sold, their dollar volume & average selling prices in each time frame. This real estate market comparison report concerns the "Single Family Homes" category and is important information for any owner who may be thinking about selling their home in today's market. Of course, for the most current, up-to-the-minute information on your particular property or Hackensack, NJ Real Estate in general, visit me at HackensackHomes.com or just pick up the phone and give me a call.     2008     2009     Diff   %Chg   2008     2009     Diff   %Chg   2008    ... 02/23/2010

      Below you'll find the Hackensack, NJ Real Estate Market Comparison Report for 2008 & 2009: 2-4 Family Homes. The following chart & graphs illustrates a 2009-over-2008, month-by-month overlay analysis for the number of listings sold, their dollar volume & average selling prices. This real estate market comparison report concerns the "2-4 Family Homes" category and is relevant information for any owner who may be thinking about selling their home in today's market. Of course, for the most current, up-to-the-minute information on your particular property or Hackensack, NJ Real Estate in general, visit me at HackensackRealEstate.com or just pick up the phone and give me a call.       2008     2009     Diff   %Chg   2008     2009     Diff   %Chg   2008     2009     Diff   %Chg January ... 02/23/2010

      Below you'll find the Hackensack, NJ Real Estate Market Comparison Report for 2008 & 2009: Condos, Co-ops & Townhomes. The following information illustrates a year-over-year and month-by-month comparative "snapshot" for the number of listings sold, dollar volume of sold listings & average selling prices in each time frame. This real estate market comparison report concerns the "Condo, Co-op & Townhouse" category and is pertinent information for any owner who may be thinking about selling their home in today's market. Of course, for the most current, up-to-the-minute information on your particular property or Hackensack, NJ Real Estate in general, visit me at HackensackCondos.com or just pick up the phone and give me a call.                 2008     2009     Diff   %Chg   2008     ... 02/23/2010

Hackensack Homes For Sale Summary | January 2010 Market Report     Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Hackensack offers good accessibility to New York City via many major highways or public transportation including its in-town train station. Clearly there is a huge over-inventory currently in Hackensack, and subsequently, the listings have become extremely competitive in pricing nature - and many offer a lot of features for the price for a new buyer !   If you would like to be emailed the full listing details on current homes for sale in Hackensack, please call local expert Sheldon Neal at               201-481-2891         201-481-2891 or email SheldonNeal@remax.net and the available active listings will be emailed to you immediately.   ~~~~~~~~... 02/21/2010

Hackensack Homes For Sale Summary | November 2009 Market Report     Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Hackensack offers good accessibility to New York City via many major highways or public transportation including its in-town train station. Clearly there is a huge over-inventory currently in Hackensack, and subsequently, the listings have become extremely competitive in pricing nature - and many offer a lot of features for the price for a new buyer !   If you would like to be emailed the full listing details on current homes for sale in Hackensack, please call local expert Sheldon Neal at 201-481-2891 or email SheldonNeal@remax.net and the available active listings will be emailed to you immediately.   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~... 12/12/2009

Hackensack Homes For Sale Summary | October 2009 Market Report     Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Hackensack offers good accessibility to New York City via many major highways or public transportation including its in-town train station. Clearly there is a huge over-inventory currently in Hackensack, and subsequently, the listings have become extremely competitive in pricing nature - and many offer a lot of features for the price for a new buyer !   If you would like to be emailed the full listing details on current homes for sale in Hackensack, please call local expert Sheldon Neal at 201-481-2891 or email SheldonNeal@remax.net and the available active listings will be emailed to you immediately.   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~... 11/23/2009

I have recently sold another short sale in Hackensack NJ.  The condo was located at 115 Polifly Road in Hackensack and was 2 bedrooms and 2 bathrooms.  The condo complex was Continental Parc in Hackensack. This property was purchased by my client in 4/17/2006 for $345,000. This was near the height of the market, where everyone was purchasing real estate and never thought things would get as bad as they are now. With the help of my client, we worked as a team to get her property sold. She listened to my guidance and things turned out great.  I negotiated with Amtrust Bank, which is a bank based out of Cleveland Ohio.  I was able to obtain a short sale approval within 4 weeks.  The quick approval was due to my expertise in short sales. The approval amount was for $243,000.  That is $102,0... 09/15/2009

Hackensack Homes For Sale Summary | July Market Report Homes Sold: 28 (July 2008 saw 26 residential units Sold ) Sold Price Range: $75,000 - $410,000(July 2008 Range: $175,900- $470,000) List Price Range: $99,900- $579,000(July 2008 List Range: $209,000 - $650,000) Styles: 4COOP, 2COL, 15-CONDO, 4RCH, 2SL, TWN(July 2008 Styles: CC, RCH, COL, 1-3FAM, 20 CONDO, 2TWN)     Again, Hackensack year over year stats are almost identical to last year, except as the trend continues, the list prices have come down considerably overall. As of 8/19/09 at 7pm, there are 304 homes for sale in Hackensack. Their prices range from condos and co-ops in the $100K range, to Single family homes ranging from $159,000 to $1,150,000. Information supplied by the NJMLS, and deemed reliable, but not guaranteed. Ha... 08/19/2009

Hackensack Homes For Sale Summary | June Market Report Homes Sold: 25 (June 2008 saw 23 residential units Sold ) Sold Price Range: $105,000 - $481,000(June 2008 Range: $190,900- $550,000) List Price Range: $124,900- $509,000(June 2008 List Range: $209,000 - $650,000) Styles: 3 Col, 3-CC, 2 Rch, 13 Condo; 2 Co-Op, 2-2Fam(June 2008 Styles: 12 Condo; 2-TWN, 1 Col, 2 Ranch; 2-2Fam, 3-CC,1-DUP)     Hackensack year over year stats are very similar to last year, except the list prices have come down considerably overall. This is clearly a factor of the continued slow down in market activity, and Hackensack has been hit worse than almost every surrounding town with increasing inventory. As of 7/19/09 at 7pm, there are 301 homes for sale in Hackensack. Their prices range from condos and co-ops ... 08/19/2009

April '09 Activity SNAPSHOT - Hackensack, NJ Homes Sold: 18(April 2008 saw 19 residential units Sold !) Sold Price Range: $170,000 - $323,000(April 2008 Range: $165,900- $382,000) List Price Range: $199,900- $429,000(April 2008 List Range: $169,000 - $409,000) Styles:  3-RCH, 3-Col, 12-Cndo(April 2008 Styles: 1-CC, 2-TWN, 2-Col, 14-Cndo)    April year over year stats are very similar to last year, except the inventory is up from last year. This is clearly a factor of the continued slow down in market activity, and Hackensack has been hit worse than almost every surrounding town with this increasing inventory. As of 5/19/209 at 7pm, there are 318 homes for sale in Hackensack. Their prices range from condos and co-ops in the $100K range, to Single family homes ranging from $59,000 to $1,... 05/25/2009

February '09 Activity SNAPSHOT - Hackensack, NJ   Homes Sold:    12   (February 2008 saw 11 residential units Sold !) Sold Price Range:   $165,000 - $425,000(February 2008 Range:  $179,900- $520,000) List Price Range:   $179,900- $520,000(February 2008 List Range:   $99,000 - $669,000) Styles:   2 Col; 1 Rch; 8 Condo; 1 Co-Op(February 2008 Styles: 6 Condo; 1 Co-Op; 2 Colonials; 1 Ranch; 1 3-Fam)   February year over year stats are very similar to last year, except the list prices have come down considerably overall. This is clearly a factor of the continued slow down in market activity, and Hackensack has been hit worse than almost every surrounding town with increasing inventory. As of today 3/19/209 at 7pm, there are 319 homes for sale in Hackensack. Their prices range from condos an... 03/19/2009

    FHA loans - Mortgages keep changing because of the economy. Just a few days ago, HUD put out mortgagee letter 2009-08, that states a major change in cash-out loans. This change has been talked about since November of last year and it's now official. The main reason is because of the deterioration of the housing market and HUD wants to reduce its risk and that makes sense. What is the new change? You will no longer be able to pull cash-out up to 95% of the value of your home. It is now reduced back to 85% of the value of your home. This has been the old way prior to 2006 or so. This new change goes into effect with any new FHA case number on or after April 1st, 2009.  And no, this is not a pre April fools joke.       A comparison with FHA loans to conventional loans when talking abo... 03/15/2009

January '09 Activity SNAPSHOT - Hackensack, NJ Homes Sold:    1 !!!!    (January 2008 saw 23 residential units Sold !) Sold Price Range:   $280,000(January 2008 Range:  $170,000 - $639,000) List Price Range:   $358,000(January 2008 List Range:   $179,000 - $749,000) Styles:   1 Colonial(January 2008 Styles: 6 Colonial, 1 Bi-Level, 2 Cape Cod, (2) 2-Fam, 12 condos)   Whereas the actual sold PRICE has dropped slightly, the MAJOR item of note is that Hackensack only had ONE HOME sold this January, compared with 23 sold in January 2008 !!!That is a major difference. This is clearly a factor of the continued slow down in market activity, and Hackensack has been hit worse than almost every surrounding town with it's decline in its SOLD units. As of today 2/28/09 at 6pm, there are 313 homes f... 03/05/2009

FYI - these tips in this first time homebuyers series are not just for newbies/first time homebuyers)   Mortgage programs can sometimes be the death of us. In recent years, this has already happened. This can be confusing, because so many people have opinions. Opinions from loan officers, realtors, your family, friends, neighbors, and or co-workers.  What can we learn from this First Time Homebuyer Tips series? I think it goes back to the basics of mortgages, which was part 1. Am I telling you to listen to me and only me?  No, not that. You need to know that loan officer actually knows what they are talking about, because this can get you in trouble sometimes, depending on who you listen to. Some loan officers think they know it all and sound like it.  Just because someone sounds really... 01/12/2009