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December 2009 Case Shiller Report
Posted on December 29th, 2009 No commentsCase shiller index monitors the most popular metro areas home sales CLICK HERE FOR REPORT
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Paramus New jersey, Oradell NJ & River Edge NJ Real estate market update
Posted on December 1st, 2009 No commentswOW!!! things are starting to move in the BIG BC Bergen County. With historic low low interest rates and homes at affordable pricing, this is the
TIME TO BUY!! As of Dec 1st 2009 Paramus NJ has 100 Active homes for sale, 23 Under contract and 53 Solds in the past 3mos. River Edge NJ has 37 active homes for sale, 11 Under Contract and 35 Solds, and finally Oradell NJ has 38 Active Homes for sale, 11 Under contract and 20 recent sales in the past 3mos also. This numbers are looking alot better then a year ago and looks as if things are beginning to turn around a bit.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com, www.OurBergenCountyHouse.com or www.SellWithMelNJ.com -
Posted on July 21st, 2009 No comments
First-Time Buyers: Hurry for $8,000 Tax Credit
It’s time to remind first-time home buyers that in order to qualify for the government’s $8,000 gift in the form of a tax credit, the deal must close by Dec. 1.Buyers should have a purchase contract signed by early October, so they have 45 to 60 days to arrange financing and safely close the deal.
“There’s not as much sand in the hourglass as we may think,” said Jim Merrion, regional director at RE/MAX Northern Illinois.
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visit my Youtube Channel
Posted on July 9th, 2009 No comments -
Home Inspections
Posted on July 1st, 2009 No commentsAn investment of any size should always be supported by an inspection, and nowhere is this more true than in real estate. Yet many of my first-time buyers are so eager to get into their property that they overlook this crucial step.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com
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First time home Buyers Advice___www.OurNJhouse.com
Posted on July 1st, 2009 No commentsConsidered by many to be the embodiment of the American Dream, buying one’s first home is an exciting but stressful experience. From choosing the right property to financing under the best possible terms, homeownership can be downright intimidating.
Why go it alone? As your personal real estate expert, I can answer any questions, big or small, day or night. After navigating many first-time buyers through the process, I’m confident that I can do the same for you.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com
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Latest News Letter for Paramus, River Edge, Oradell, Emerson and Fairlawn NJ Real Estate Market Conditions
Posted on June 20th, 2009 No comments -
Posted on June 13th, 2009 No comments
Rates are headed for 6.00%. In just 2 1/2 weeks much of the Fed’s work to drive rates lower has unraveled. 5 reasons they might retreat - and why they might not. /// The homebuyer tax credit may be expanded in a number of ways. Let’s also hope the Nov 30 deadline gets extented (See below) /// You can now publish my newsletter on your website with ann RSS feed. Go here to do it.
Congress weighs tax credit expansion
Legislation introduced in Congress Wednesday would expand the First Time Home Buyer Tax Credit to any purchaser and increase the maximum available to $15K. Read more.Sources of FHA down payments
Did you know that a family member can take out a loan to gift the down payment, or that the home buyer is allowed to take out a fully collateralized loan for it? In all there are about 18 possible sources for FHA down payments. Check it out.10 most undervalued cities
Homes in the majority of U.S. markets are undervalued right now, but housing prices may have yet to find a floor, according to IHS Global Insight. Here are 10 cities IHS finds the most undervalued.Commercial mortgage defaults
The default rate on commercial mortgages held by U.S. banks may rise to the highest in 17 years in the fourth quarter as debt for refinancing remains scarce and the recession drags down rents. Read moreRates hit 7-month high
For the week ending June 11th the 30-year fixed averaged 5.59% with an average 0.7% fees and points, up from last week when it averaged 5.29%, and increased again thereafter. This time last year it averaged 6.32%. “Higher mortgage rates are slowing refi’s but not demand for home purchases. Over the 3 weeks ending June 5th, interest rates for 30-year fixed-rate mortgages rose nearly 1/2%. Applications for refinance fell each week during this period while applications for home purchases consecutively rose, according to the Mortgage Bankers Association” said Frank Nothaft, Freddie Mac vice president and chief economist. Freddie Mac rate surveys.
Available
- Same day loan decision (no ifs or buts)
- 30-day closes (45-days for FHA)
- Condo (conversion) financing services. Information- FHA loans down to 560 Fico
- 50-70% LTV stated income loans (600-700 Fico needed)
- 95% LTV Fannie Mae condo loans
- Loans for non-residents
- Rehab and construction loans
- Jumbo loans at near conforming rates
- Commercial loans
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Paramus Pool is Open
Posted on June 9th, 2009 No commentsFor assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com
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NAR Report Pending Homes Sales are Up!!!!!
Posted on June 5th, 2009 No commentsPending Home Sales Up for Third Consecutive Month
Record low mortgage interest rates boosted the NATIONAL ASSOCIATION OF REALTORS®‘ (NAR) forward-looking pending home sales index 6.7 percent in April to 90.3 from a reading of 84.6 in March. The April 2009 reading is 3.2 percent above April 2008. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market, too,” says NAR Chief Economist Lawrence Yun. The index in the Northeast shot up 32.6 percent from March to 78.9 in April.For more information, read NAR’s press release or watch a video interview of Lawrence Yun on the latest index figures.
For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com



