House Logic – Protect Your Bergen County Home

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House Logic was a new website when I wrote a blog article on it in 2010.  Since then it has become an extremely popular resource for home owners and both buyers and sellers.  As a result, it’s an very popular website and what it offers has grown with consumer demands. It covers everything you can imagine.  Topics include a repair or renovation to tax credits to protecting yourself from a…

Bergen County Real Estate Has Stabilized

Posted by & filed under Buying, Selling.

Bergen County real estate has stabilized.  This was my projection last year and I am very happy to say that I was right on target.  What I’d said and written was that by the end of 2009 the market would stabilize.  It has done exactly that. Our housing market is improving.  New Jersey MLS data, bank appraisers and housing reports all say the same thing:  We have clearly bottomed out and…

Is the $8000 Tax Credit Causing Buyers to Overlook Even Better Short Sale Opportunities?

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There are many homes for sale with steep discounts because they are a short sale and you may find a house that is a better “fit” for you in a short sale than trying to buy a home that you really don’t love just because of the tax credit.

Real Estate Recovery Signs – Foreclosure Rates Are Down in NJ

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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…

Affordable Dumont Rocks! A Bergen County Value For Buyers

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Affordable Dumont rocks!  It truly is a Bergen County value for buyers.  I’ll explain why. Crunching numbers to analyze the real estate market has taught me a lot. Over the years, I’ve found that the relationship between the number of homes for sale and under contract is a great indicator of how the housing market is doing. When that ratio is 2:1, the housing market is strong. Ok, I know, it’s…

Bergen County Homes Sales Data from the New Jersey MLS

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You need Bergen County homes sales data from the New Jersey MLS so you’re on top of the market. The New Jersey MLS is the primary multiple listing service for all of Bergen County. They do a simply outstanding job in so many ways. There is comprehensive information on homes for sale as well as statistics on all aspects of the market. The sales data shows an improving market for…

Tenafly East Hill Homes

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On January 27, 2009, a home at 221 Churchill Road was listed for sale at $1,590,000. This was an extremely well kept original ranch on a gorgeous acre lot. It was listed twice – as a single family home and as a building lot. Tenafly East Hill original homes are in high demand.  Their acre properties are sought after by builders as building lots.  Builders knock these homes down to construct a…

A FHA Tax Credit for Home Buyers

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A FHA tax credit for home buyers has just been announced.  This is truly great news for the real estate market. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced yesterday, May 29th, that the Federal Housing Administration (FHA) will allow home buyers to apply the Obama Administration’s new $8,000 first-time home buyer tax credit on FHA mortgage loans. Previously the tax credit only applied to conventional mortgages. The…

Fannie Mae and Freddie Mac Are Easing Jumbo Mortgage Terms

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Fannie Mae and Freddie Mac buy mortgages which means that they guarantee them. Without the backing of Fannie and Freddie, mortgage lenders have to find other investors to sell their mortgage loans to and those investors charge more so interest rates are higher. Fannie and Freddie backed mortgages are called conforming; the others are called jumbo. The limit on a conforming mortgage is $417,000 but that is about to change….

How to Handle the Bergen County Housing Market

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“How’s real estate and what should I do?” I am receiving so many calls and messages like this that I thought I should post some answers. It seems that real estate is on everyone’s mind lately.  Let’s find out how to handle the Bergen County housing market. Here’s something to consider: A primary motivating factor for most people is simply because it was the right time. So ask yourself this…