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

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

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.

New Help on Short Sales

New Help on Short Sales

Let's hope they really mean it and help make Short sales easier and quicker.

Help for Homeowners who had a foreclosure filing in 2009-2010

This is an Independent Foreclosure Review by the Federal Reserve Board who has issued action against several large mortgage servicers. The review is free but you must request a review before 12/31/2012 Watch the video with this link for more info  http://bcove.me/ge01fiaz and please pass it on if you know someone who had a foreclosure filed during those times.

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!

New Listing Short Sale

 http://youtu.be/ECqQ_503LRQ 1206 Clement Circle Gloucester Twp Somerdale PO NJ 08083 MLS# 6063033 
Great home with lots of room, 4 bedrooms 2 full baths, in-law suite located on a quiet no thru street.

TimberBirch subdivision. $185,000 Short Sale