Numbers Released By Commerce Department Indicate Housing Market Is Up
New home sales increased 3.6 % percent in July; that's 25% more than this time last year.
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New home sales increased 3.6 % percent in July; that's 25% more than this time last year.
A major real estate company survey finds people are getting more bullish on home ownership.
The New Jersey Housing Mortgage Finance Agency is offering mortgage rates of 3.75 percent for qualified first time home buyers, and 2.88 percent for police and fire fighters.
It's been a busy winter for realtors along the Jersey Shore. Demand for rental units is surging.
The five bedroom house on Maine Avenue in Cherry Hill was once the life of luxury. But now the home in an upper middle class neighborhood is in foreclosure, up for a sheriff's sale in March.
If you own a home in New Jersey, you have or soon will receive that green postcard indicating the tax assessed value of the property.
Plunging home prices, foreclosures, and short sales have made real estate a buyers market the past few years. Will this year be any different?
Many people now take school "catchment" zones into consideration when looking to buy a family home.
"For those people who are building and selling housing, one way to guarantee the continual value of that real estate is to make sure that the families who are living there have good schools," says the head of a community services district.
It's part of the American dream: to buy a home and watch it increase in value. But that has changed dramatically in recent years.
Statewide, the survey conducted for the National Low Income Housing Coalition shows someone would have to earn just under $25 an hour in a 40-hour a week job to afford that unit. And two-thirds of the million or so renters in the Garden State don't meet that benchmark.
On Thursday, affordable housing advocates will lobby in Trenton to maintain and expand affordable housing, and promote legislation lawmakers and the governor can agree on.
In foreclosure sales, short sales, and similar tranactions, you could be getting some problems you didn't count on.
It is an interesting real estate phenomenon emerging. Buyers are cruising legal notices and looking for couples divorcing so they can swoop in and make an offer on their house.
The slightly lived-in look is helping to sell homes across the Philadelphia area.
