Changes to Truth In Lending – Better Mortgage Rules on the way!
RESPA Reform, Mortgage Disclosure Improvement Act and Truth in Lending For the first time in more than 30 years, the U.S. Department of Housing and Urban Development (HUD) has issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, […]
Market Absorption – In and Around Basking Ridge
Absorption Rate is a way to measure current inventory levels. It is based on the number of current listings and the number of contract sales in the last 30 days. Market absorption is an indicator of who is favored in the market: buyers or sellers, and it directly correlates to appreciation or more recently, depreciation. […]