Should I Buy A House Now Or Wait Untill The Market Cools?

Posted by & filed under Buying, For Sale or Rent.

Should I buy a house now or wait until the market cools?  This question is one that I hear every day.  Prices are sky high.  Interest rates are up 1 percent.  The Fed is beginning it’s tapering program in another week.  Rates will rise further.  There will be an inevitable pull back.  Pricing should come down. All of this is why people ask me “Should I buy a house nor…

Fannie Mae Foreclosures Are Homepath Properties

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Looking for a foreclosure?  Don’t know where to find one?  Then check out Fannie Mae foreclosures on www.HomePath.com  Homepath.com is Fannie Mae’s distressed property website where you’ll find all Fannie Mae foreclosures being marketed. The Homepath system offers a tremendous opportunity for a home buyer.  Many Fannie Mae foreclosures offer a Homepath mortgage.   Homepath financing has advantages over other mortgages.  You can put down as little as 3%, no appraisal…

Short Sales Explained

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Short sales explained in a terrific new book. Inman News is the leading source of news for the real estate industry.  I receive it’s news updates twice daily and this afternoon  there was a book review on a new book that I thought would be of great use to any home owner who is thinking of selling his home as a short sale. The book is titled “How to Use A Short Sale…

Real Estate Recovery Signs – Foreclosure Rates Are Down in NJ

Posted by & filed under Buying, Selling.

While national foreclosure rates rose 15% during the first half of 2009, in New Jersey foreclosures are dropping. NJ foreclosures are down by 30% for the first six months of 2009 compared to the same period in 2008 according to Realty Trac. In May, the New Jersey Judiciary announced foreclosure activity for the first 4 months of 2009 was down by 20%. These figures certainly point to an improving housing…