Weekly statistics 3/29/09- 4/05/09 9 condos received firm offers that cleared attorney review which is upfrom 6 condos the previous week.   7 condominiums closed last week.  4 closings the previous report. As of today, there are a total of 124 Hoboken properties pending to close (113 last week).   Here are the deals and opportunities from last week….. Firm accepted offers: 1 bedroom 3 units received an accepted offer (1 previous report)   Click Here to View Listings These averaged 119 days on market 2 bedrooms 6 condos had accepted offers  (4 previous report)    Click Here to View Listings Average days on market for this group was 89. 3-4 bedrooms: No accepted offers last week (1 previous report) Sold Condos:   Studios: No closings 1 bedroom: 5 properties closed.     Click Here to View... 04/06/2009

See the newest listings and price reductions to find out which hot buys may be there for you! 31 new condo listings (21 last week) and 5 new 1-4 Family homes (2 last week) hit the Hoboken market.   37 condo and  (5) 1-4 family homes had price reductions  (34 reductions the previous week) Check them all out. Studio condo 1 new listing offered at $260,000   Click Here to View Listings 1 price reduction    Click Here to View Listings 1 bedroom condos 11 new listings starting at $329,000     Click Here to View Listings 16 price reductions  (9 last week)   Click Here to View Listings  2 bedroom condos 15 new listings starting at $369,000 (11 last week).    Click Here to View Listings 14 price reductions   (18 last week)  Click Here to View Listings 3 bedroom condos 3 new listings starting a... 04/04/2009

When it comes to low down payments, the FHA loan program rises above its competitors. Unfortunately, there are not many low down payment programs available. But, thanks to FHA who has come to the rescue of American homeowners, low down payment options are still available. For many years, in spite of benefits to FHA low down payment loans, many homeowners could not participate because of FHA restrictions to the size of mortgage loans. Rising home values across the nation made FHA mortgage loans obsolete. The good news is FHA loan limits increase from time to time, keeping low down payment programs available to thousands of homeowners. Currently, there are limits of up to 729,750 in high cost areas, less elsewhere. Following are some of the things that an FHA loan has to help a first tim... 04/03/2009

Have a small space? Maybe you can’t push out the walls but you can make what you have seem so much bigger by using a few easy decorator tips. Mirrors visually expand your space, add drama to your entry or dining area. All you need to do is simply frame out the entire wall and insetting a mirror. Mirrors can also be used above kitchen cabinetry to visually brighten a normally dark area.You can’t just hang a mirror anywhere. It needs to be placed in a spot where don’t see your reflection most of the time to help create the illusion of space. Did you know there are multipurpose chairs in the market that can serve as chair and table at the same time? They are great for small spaces, and a great way to maximize materials and function. Keep your furnishings in proportion with the size of you... 04/03/2009

Weekly statistics 3/22/09- 3/29/09 6 condos received firm offers that cleared attorney review down from 12 condos the previous week.  This breaks a three week trend of increased accepted offers. 4 condominiums closed last week.  6 closings the previous week. Additional news: Long term rates set another record
For the week ending March 26th the 30-year fixed averaged 4.85% with an average 0.7% fee, down from last week when it averaged 4.98%. This time last year it averaged 5.85%. The current rate is the lowest since Fannie Mae started tracking rates in 1971. As of today, there are a total of 113 Hoboken condos pending to close (117 last week).  These are the buyers making a commitment in todays market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED... 03/30/2009

See the newest listings and price reductions to find out which hot buys may be there for you! 21 new condo listings and (2) new 1-4 Family homes hit the Hoboken market.   34 condo price reductions  (37 reductions the previous week) Check them all out. Studio condo no new listings 1 price reduction   Click Here to View Listings 1 bedroom condos 7 new listings starting at $345,000    Click Here to View Listings 9 price reductions   Click Here to View Listings 2 bedroom condos 11 new listings starting at $369,000    Click Here to View Listings 18 price reductions   Click Here to View Listings  3 bedroom condos 3 new listings.  Very nice 3 bed / 3 bath with balcony and parking at $635,000    Click Here to View Listings 6 price reductions   Click Here to View Listings 4 bedroom condo No new... 03/28/2009

President Barack Obama’s Homeowner Affordability and Stability Plan, is an effort to overcome what Obama called “a crisis unlike we’ve ever known.” The question that has come to mind for many of us is, who can get help through this program? Some people with high payments will be able to have their loans modified to get lower interest rates.  If your monthly payment on your primary home is greater than 31 percent of your monthly gross income, there’s a good chance you could qualify. It also depends on whether your lender participates in the program. Others, with mortgages owned or guaranteed by Fannie Mae or Freddie Mac, could get help to refinance, meaning they would get a new loan with better terms. If a lender agrees to bring a mortgage payment down to 38 percent of the borrower’s in... 03/26/2009

Research alone on how to buy a home is a big time commitment. If you pick up a book on the subject, it might be helpful, but might overwhelm you with detail. Many informative websites have short, sharp home-buying tips that sacrifice depth and introduce pop-up invitations to apply for mortgages, credit reports, or real estate listings. When you buy your first home the government offers big tax incentives; banks work to loan out massive mortgages while many Realtors®, will compete to get new clients. What many first-timer buyers do not realize, is that they are doing the government, the banks, the Realtors®, the construction industry, and the overall economy a favor. Apart from the money the bankers, builders, Realtors®, inspectors, lawyers, and insurers make being involved with the pur... 03/26/2009

Weekly statistics 3/15/09- 3/22/09 Accepted offers are trending up. 12 condos received firm offers that cleared attorney review including a condo at “The Constitution” listed at $1,085,000.  Previous accepted offer reports were 4 units three weeks ago and 8 units two weeks ago. 6 condominiums closed last week.  11 closings the previous week. Additional news: ·         Incredibly low mortgage rates continue to be available to those that qualify ·         Existing home sales rise 5.1 percent in February; prices plunge 15.5 percent As of today, there are a total of 117 Hoboken condos pending to close (111 last week).  These are the buyers making a commitment in todays market! Here are the folks that took advantage of the opportunities last week….. Firm accepted offers:  1 bedroom 6 units ... 03/23/2009

View the newest listings and price reductions to see what hot buys may be there for you! 47 new condo listings and (2) new 1-4 Family homes hit the Hoboken market.  37 condo price reductions Have a look at them all! STUDIO CONDO 1 new listing:   Click Here to View Listings 1 BEDROOM CONDOS 17 new listings starting at $199,000   Click Here to View Listings 14 price reductions  Click Here to View Listings  2 BEDROOM CONDOS 24 new listings starting at $315,000   Click Here to View Listings 16 price reductions  Click Here to View Listings  3 BEDROON CONDOS 5 new listings starting at $535,000   Click Here to View Listings 7 price reductions   Click Here to View Listings 4 BEDROOM CONDOS No new listings however there are some available in the MLS 1-FAMILY HOMES 1036 Bloomfield St home with 4... 03/20/2009

A foreclosure sale is the final stage of the foreclosure process, at which the property in foreclosure is sold at public auction to the highest bidder. The sale is conducted by a court-appointed referee. The referee begins the sale by reading aloud the Terms of Sale; the Terms of Sale is the document that acts as the contract of sale between the referee and the high bidder and sets forth the rights, responsibilities and obligations of both the referee and the high bidder. Once the referee has read the Terms of Sale, the referee begins to accept bids for the property. The foreclosing mortgage holder (the “Mortgagee”) usually has an “upset price” which is the minimum amount it will accept in satisfaction of the mortgage debt. If the highest amount bid is less than the upset price, the Mo... 03/20/2009

If you see a price listed for a home that you think is too low for the neighborhood, ask your agent to call the listing agent to find out if the home is a short sale. Making an offer on a pre-foreclosure, short sale home is not as simple as you may think, and very few can close in 30 days or less. Many people have waited 4 to 6 months to close on a short sale, sometimes longer. A short sale means the seller’s lender is accepting a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it. Be aware that the seller is not always in default before a lender will consider a short sale. A lender may consider a short sale if the seller is current but the value has fa... 03/19/2009

The Associated Press reported today that rates on 30-year mortgages plunged to their lowest levels since January and are poised to fall further after the Federal Reserve launched a new effort to prop up the housing market.   They are reporting that Freddie Mac, the giant mortgage finance company, said that average rates on 30-year fixed-rate mortgages dropped to 4.98 percent this week.   These rate quotes were given before the Fed said Wednesday that they would pump 1.2 trillion into the economy in an effort to lower rates on mortgages.  That is expect to lower rates even further. You may now be able get into the home of your dreams–and live there at a cost that works for your budget.  For those of you who have been patiently waiting on the sidelines, now may be time to give buying you... 03/19/2009

  Week of March 15, 2009 Mortgage Market  Commentary   Mortgage rates improved slightly last week, even as stock markets experienced a moderate bounce. While economic news continues to highlight subpar economic activity, a few more signs of hope appeared last week. Retail sales slipped by 0.1%, which was less than the 0.4% expected. More encouraging was that "core" retail sales, which excludes auto-related items, rose for the second month in a row. This type of news is leading some economists, including Fed Chair Bernanke, to believe that we could be near the bottom, with a chance of economic recovery starting in 2010. The Fed meets again this week and is unlikely to change economic policy. However, if the Fed announces that its programs are working as planned, and it announces that the... 03/16/2009

Weekly statistics 3/08/09- 3/15/09 Wow…8 condos went under contract last week which is double the amount from the previous week.  The Hoboken condo market also had 11 condo closings which is the same as last weeks amount. As of today, there are a total of 111 Hoboken condos pending to close.  These are the buyers making a commitment in this market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED OFFERS:  1 BEDROOM 2 units received accepted offers Click Here to View Listings These homes averaged 50 days on market. 2 BEDROOMS 5 condos had accepted offers   Click Here to View Listings Average days on market for this group was 137. 3-4 BEDROOMS: 1 condo received an accepted offer.  This was a 1728 square foot 3 bedroom, 2 bath condo at 108 Jackson St.... 03/16/2009

View the newest listings to see what hot buys are there for you! This week brought 32 new condo listings and (1) 1-4 Family home to the Hoboken market. Have a look at them all! STUDIO CONDO One spacious 340 sqft Washington St studio priced at $268,700 Click Here to View Listings 1 BEDROOM CONDOS 1 bedroom beauties starting at $314,990 Click Here to View Listings 2 BEDROOM CONDOS Upgrade from you 1 to a nice 2 bedroom.  14 homes here with a 2 bed / 2 bath starting at $435,000. Click Here to View Listings 3 BEDROOM CONDOS No new listings here however we have good selection in the MLS. 4 BEDROOM CONDOS No new ones however there are some available in the MLS 1-FAMILY HOMES 7th & Park single family home, gut renovated, 3 BR/3.5 bath offered at $1,299,000. Click Here to View Listings 2-4 FAM... 03/13/2009

Are you setting up your first home? If you don’t know what you’ll really need, read through the following list for some helpful tips. A Bed to Last a Lifetime You’ll spend about 1/3 of every day in bed, so you should one that’s comfortable and well constructed. Choose the best quality one you can afford. After all, you’ll probably have it for 10 years or more. And keep in mind that the most expensive bed might not be the best bed. If you can’t invest in a great bed right away, buy an air bed for a short time. It will go into your guest room later. When you’re shopping for a bed, think about the proper size, firmness, and surface. A Table to Eat On Most dining tables are round or rectangular, but you might start out with a square or round that extends to seat more. With leaves installed... 03/12/2009

Foreclosure is a very serious situation to be in. If you are nearing the possibility of foreclosure I am sure you are getting letters from many different sources telling you they want to help you. It can be very confusing so you need to be aware of the scams that have come to light. Following are two scenarios that have been given to take advantage of people who are about to lose their home. Some organizations are advising people on the phone and by mailers to home owners, to just walk away and their home go to foreclosure. It appears the organizations behind this campaign may be groups of investors that want to buy your property cheap at auction. This can be devastating for home owners in many states, as the home owner is responsible for the deficiency, which means if you owe $225,000... 03/12/2009

 Weekly statistics 3/01/09- 3/08/09 Ok, just 4 condos went under contract last week.  A drop from the previous weeks 7 units however it was nice to see that there were two properties listed over $700,000 in this mix. As of today, there are 109 Hoboken condos pending to close.  These are the buyers making a commitment in this market! Here are the folks that took advantage of the opportunities last week….. FIRM ACCEPTED OFFERS: 1 BEDROOM No offers accepted in this category 2 BEDROOMS 4 condos had accepted offers  Click Here to View Listings Average days on market for this group was 68. 3-4 BEDROOMS: No offers accepted in this category SOLD CONDOS:   11 closings last week which is quite a few more than the previous weeks 5 closings.  Average asking price: $544,707.  Average days on market... 03/09/2009

View the newest listings to see what hot buys are there for you! This week brought 41 new condo listings and (1) 1-4 Family home to the Hoboken market. Have a look at them all! STUDIO CONDO One 600 sqft studio on the 7th floor in doorman building priced at $389,000 Click Here to View Listings 1 BEDROOM CONDOS Looking for a nice 1 bedroom home?  Check these 16 new listings starting at $290,000. Click Here to View Listings 2 BEDROOM CONDOS Perhaps a 2 bedroom home is on your list.  Well 21 new properties are available for your viewing pleasure. Starting at $400,000   Click Here to View Listings 3 BEDROOM CONDOS Need more space?  3 bedroom homes start at $549,000.   Click Here to View Listings 4 BEDROOM CONDOS No new ones however there are some available in the MLS 1-FAMILY HOMES 12th & G... 03/06/2009