Pending Home Sales Maintain Momentum in March
Pending home sales increased slightly in March for the second consecutive month and reached their highest level in almost a year, according to the National Association of Realtors. The Pending Home Sales Index (PHSI) climbed 1.4 percent in March and is now 1.4 percent above its March 2015 level. After last month’s slight gain, the […]
This is Why it’s a good time to buy. or sell. You decide!
It’s all in the numbers. When you compare each category to 2006, before the housing downturn and the economic recession, today’s statistics look pretty good! Gas prices, unemployment and foreclosures are lower, while the stock market is up significantly. In addition, the average 30-year fixed mortgage rate is almost half what it was in 2006, […]
Mortgage Minute – March 18th
This Week’s Mortgage News This week, the Federal Reserve announced it would not raise its key interest rate as expected and lowered its estimate for the number of rate hikes in 2016. In December, The Fed’s Open Market Committee had said it would raise rates four times this year. Now, based on volatility in the […]
JUST LISTED – 51 Dryden Road
OPEN HOUSE – TODAY – 1:00-4:00; hosted by me and my partner, Gerry Light Over 5,000 sq ft of living space – including finished walkout basement and first floor guest suite with separate entrance. Home was completely renovated and expanded in 2003. So many not-to-be-missed features: large library with custom built-ins and large picture window. […]
February Sales in Basking Ridge
Single Family 380 S Finley Ave $431,625 6 Archgate Rd $658,000 10 Cameron Ct $1,360,00010 6 Fairview Dr S $518,000 104 Tuxford Terrace $1,025,000 1 Beacon Crest Dr $910,800 21 Cameron Court $1,299,000 32 Launcelot Lane $720,000 93 E Lewis St $856,000 18 Blackburn Rd $999,999 1 Kindred Ct $990,0001 95 Madisonville Road $610,000 16 […]
Mortgage Minute
This Week’s Mortgage News With mortgage rates still historically low, many consumers are in a position to refinance their home loans and reduce their monthly payments. In fact, according to a Black Knight Financial Service Mortgage Monitor report, more than 7 million U.S. households may be eligible for a home loan refinance. Refinance opportunities are […]