Year End Residential Home Sales 2015 in southern NJ

Burlington County NJ Residential Home Sales 2015 as reported in TRENDMLS
Camden County NJ  Residential Home Sales 2015 as reported in TRENDMLS

Gloucester County NJ  Residential Home Sales 2015 as reported in TRENDMLS

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!

Happy New Year 2015!

There are so many predictions about the housing real estate market for 2015. How many of last year's expert predictions were right?

2014 Prediction #1:  Housing prices will rise to double digits!
Fact: In southern NJ prices basically only rose slightly not double digits

2014 Prediction #2: Foreclosures would slow down!
Fact: On 12/30/2014 the Courier Post, South Jersey's leading newspaper posted 14+ pages of Sheriff Sales of homes in Camden County, hardly a slow down!

2014 Prediction #3: Affordability would decline!
Fact: Gas prices are significantly lower. Interest rates declined, banks are easing credit requirements and on 12/10/14, three (3%) down payments became available on conventional Fannie Mae & Freddie Mac backed loans. All of which make homebuying more affordable and homeownership easier to obtain.

2014 Prediction #4: Interest rates would climb by the end of 2014!
Fact: Janet Yellin, Federal Reserve chairman announced that "the Fed" would hold interest rates down for a while thru the beginning of 2015. Mortgage interest rates actually went down in 2014!

Here are my 2015 Predictions:
Spring will be followed by Summer, Summer will be followed by Fall, Fall will be followed by Winter.
Sellers will still be selling homes
Buyers will still be buying homes
Life will go on.

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 or Rent

137 Windsor Dr Woolwich Twp (Swedesboro PO)@ 315,999 or $2200 per month rent 3 BRs 2.5 Baths Family Room w Fireplace full 9' basement 1 Car Garage

For Sale

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

Foreclosure Truths

Worth your time to listen!
http://yourlisten.com/channel/content/16949654/Foreclosure_Scam_Prevention?rn=7z7th44dwhz4

Real Estate Update

What the "6 o'clock" news should be telling you.
There are more homes that have sold this year than last year!
Interest rates are at historic all time lows!
Home prices are now affordable!
The cost to rent exceeds the cost of buying a home!
And finally there has never been a better time to buy a home!
In the future, buyers will be saying "I could have bought a home at $-------- (fill in the price) and at -% (fill in the rate) interest rate" and the market will then be filled with "I could'a, I should'a, why didn't I? regrets"
NOW IS THE TIME TO BUY!

Why Homeownership is a GREAT thing!

#1: Appreciation

#2: Ability to mortgage for a long term yet still hold the title/deed and ability to payoff mortgage and   build equity with each payment.

#3: Abilty to improve of fix-up and ADD value.

And you can do all of this while still having a place to live and enjoy!

Try doing that with any other investment!