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.

Home for sale in Haddon Twp NJ

$150,000
2 bedrooms plus an unfinished 3rd bedroom on 2nd floor, double lot, garage, fenced rear yard, hardwood floors, newer kitchen, maintenance free exterior, gas heat. What's not to love?

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

165 Kerry Lynn Ct Monroe Twp (Williamstown PO)@ $133,000 3 BRs 2.5 Baths 1 Car Garage SHORT SALE

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

Currently for sale

226 Godshalk Ln Clementon NJ @ $106,000 Split level 3 BRs 1.5 Baths Family room w Fireplace