In the News
Women & The Housing Market
My Fox Philly
Several reasons for the increased purchasing power of unmarried women in the United States, according to the National Association of REALTORS®. [Full Story]
Obama Administration Housing Scorecard Shows Continued Increase in Home Affordability, Neighborhood Stabilization
RISMedia
July 22, 2010
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the second edition of the Administration’s Housing Scorecard showing that, thanks in part to interest rates continuing at all-time lows, home affordability in the U.S. remains near the most attractive levels in 10 years. [Full Story]
Ninety Percent of Americans Do Not Regret Buying Their Current Home
RISMedia
July 14, 2010
A new study released by Bankrate, Inc. and conducted by Princeton Survey Research Associates International shows that, even with home prices sliding and mortgage rates the lowest in decades, the vast majority of Americans do not regret buying their current home. [Full Story]
Commercial, Maurice River townships haven't seen home prices dip during downturn
Press of Atlantic City
July 11, 2010
Home prices may have dipped during the ongoing recession, but the cost of many properties in two rural Cumberland County municipalities have remained fairly stable. [Full Story]
Despite recession, building homes by ocean, bays still popular
Press of Atlantic City
July 10, 2010
Mike Donahue, an Avalon-based home builder, pulls back the curtains of a beachfront house he built in Brigantine, revealing a spectacular, postcard-perfect view of the dune grass, sandy beach and rolling ocean that are all directly beyond the edge of the property. [Full Story]
Taking the hit-or-miss out of a short sale
Washington Post
July 10, 2010
The federal government's Home Affordable Foreclosure Alternatives program, or HAFA, announced in April, may actually achieve some success where its predecessors have failed. [Full Story]
Chicago Tribune
July 9, 2010
Two new sets of research provide plenty of insight about how we’ve gotten used to living and also offer a glimpse of what we might want next. [Full Story]
Mortgage Rates Drop to New Low of 4.57%
HouseLogic
July 9, 2010
Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either don’t qualify for new mortgages or have already taken advantage of the low rates this year. As a result, the housing market and the broader economy may not benefit much from the lower rates. [Full Story]
Press of AC
June 20, 2010
The improving job market may be enough to support housing growth now that federal homebuyer incentives are finished, Harvard’s Joint Center for Housing Studies said Monday in its annual State of the Nation’s Housing report. [Full Story]
Mortgage Rates Hit Low for Year
HouseLogic
June 11, 2010
Rates on 30-year fixed mortgages fell this week to the lowest level of the year and were barely shy of the all-time low. [Full Story]
Senate Considers Home Tax Credit Extension
HouseLogic
June 11, 2010
Homebuyers may get an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. [Full Story]
Pending Home Sales Surge Continuing
HouseLogic
June 2, 2010
Pending home sales have risen for three consecutive months, reflecting the broad impact of the homebuyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. [Full Story]
As home sales grow, mind state's 'affordability index
Trenton TIMES
May 28, 2010
New Jersey has outpaced the nation when it comes to sales of homes. According to figures recently released from the National Association of Realtors, New Jersey was one of only three states that showed positive growth in sales volume from the fourth quarter of 2009 to the first quarter of 2010. Michigan and Wyoming are the other two. [Full Story]
Strong Markets Pump Up Home Sales
Wall Street Journal
May 26, 2010
While the winds of the housing recovery continue to blow at a moderate pace across the country, in the New York metropolitan area, it's a nor'easter. [Full Story]
Crazy for Cranford: New Yorkers won over by this New Jersey town's all-American charm
NY Daily News
May 21, 2010
For some, house hunting is like a whirlwind romance or dramatic breakup, but for Christine and Bill Dyer, it was more like a long-drawn-out courtship. During their search, the former Manhattan residents managed to tour 45 New Jersey homes from Essex to Morris Counties. [Full Story]
Where are They Coming From and Where are They Going?
NJ 101.5
May 20, 2010
The New Jersey Association of Realtors Governmental Research Foundation released a report detailing the migration patterns of people moving in and out of New Jersey. [Full Story]
New Jersey bucks national trend in real estate; can we keep it going?
Vineland Daily Journal
May 20, 2010
New Jersey has outpaced the nation when it comes to the sales of homes. According to figures recently released from the National Association of Realtors, New Jersey was one of only three states that showed positive growth in sales volume from the fourth quarter of 2009 to the first quarter of 2010. [Full Story]
Op-Ed: How N.J. will keep its national lead in home sales
The Record
May 20, 2010
NEW JERSEY has outpaced the nation when it comes to the sales of homes. According to figures recently released from the National Association of Realtors, New Jersey was one of only three states that showed positive growth in sales volume from the fourth quarter of 2009 to the first quarter of 2010. [Full Story]
More U.S. home sellers cut prices as tax credit ends
Reuters
May 12, 2010
More U.S. home sellers cut their listing prices in April, aiming to seal deals in the waning days of federal tax credits meant to revive housing, real estate web site Trulia.com said on Wednesday. [Full Story]
North Jersey home prices steady in first quarter ends
The Record
May 11, 2010
Home prices in the New York metropolitan area, including North Jersey, rose slightly in the first quarter of 2010, in another sign that the housing market may be stabilizing. [Full Story]
Home prices in area rise; another sign of recovery
Asbury Park Press
May 11, 2010
The median price for a home in the area that includes Monmouth and Ocean counties rose 1.5 percent in the first quarter, another sign the housing market is stabilizing, the National Association of Realtors said today. [Full Story]
Should you buy or rent a home? Cost gap narrows
The Associated Press
May 3, 2010
Thinking of buying a home? Consider this: The gap between monthly rents and mortgage payments is at its lowest level in almost 20 years. [Full Story]
Shore's summer rental market remains unsteady
Asbury Park Press
May 2, 2010
Jim Fuhse has rented property in Manasquan to summertime tourists since the early 1990s, through recessions and expansions, through sun and rain, so he can attest: This season is just, plain strange. [Full Story]
Realtors wait, wonder, worry about impact as hefty tax break expires for first-time buyers
Courier News and Home News Tribune
May 2, 2010
Realtors across Central Jersey say the federal government's $8,000 tax break for first-time buyers helped drive home sales, though they wonder what's to come now that the program ended Friday. [Full Story]
Sizing up vacation destinations
The Real Deal
May 01, 2010
From the splashy beaches of the Hamptons to the rolling hills of the Berkshires, the vacation home markets popular with New Yorkers have been hit hard by the downturn. [Full Story]