More good news for real estate in 2015!

Nothing but good news for buying or selling a home in southern NJ.

1. Low, low interest rates!
2. Less snow than last year
3. Gas prices under $2.00 a gallon
4. Ample supply of well priced homes.
5. Good buyer traffic at Open Houses (indicating buyer confidence is up)
6. FHA just lowered MIP (Mortgage Insurance Premium)by a 1/2% effective 1/26/15
7. Fannie Mae & Freddie Mac backed mortgages have a 3% down payment for 1st time buyers
8. Homeownership is now cheaper than renting a home!

Looking ahead to a great 2014!

Freddie Mac economists predict that in 2014 single-family home sales and housing starts will reach their highest levels since 2007.

For Sale

44 Claro Ave Deptford NJ (Sewell PO) @ $219,900 2200+ Sq Ft Rancher  4 BRs 2 Baths 4 Car Garage

Real Estate Market in 2014

Things are looking great for the coming year. There are many positive signs.

Interest rates are expected to stay low.

According to the Commerce Department in October, building permits rose 6.2% to a 5 year high!

The S&P/Case-Schiller 20 city index showed home prices climbing 13.3% in September, the strongest annualized gain in more than 7 years!

Open House traffic is up!

Showings are up even in December!

And finally people reporting the news are not in the Real Estate business and I am. I do this business EVERY day.