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Passaic County The average selling price is down about 19% from October of last year. Also, the average selling price hasn’t been this low since February 2004. The days on the market remains close to normal. For the year, home prices in Passaic County ...[Read More]
Bergen County Bergen County single-family homes fell back into a buyer’s market with an absorption rate of 8.3%, which was much higher than last month. The average number of days a home stayed on the market remained normal. The average sale price ...[Read More]
There is no shortage of myths when it comes to credit scores. Even with all the buzz about credit scores today, a surprisingly high percentage of people don’t understand this one basic principle: a credit score measures creditworthiness. When it ...[Read More]
Many studies and tons of articles have been written about the stress of home selling, home buying and moving. It is one of highest causes of stress to a marriage and family relationships. Before you buy a Basking Ridge home, review some of these ideas ...[Read More]
Congress and the House voted to extend the first time homebuyer's $8,000 tax credit and they expanded the earnings limitations from: $75,000 (single) and $125,000 (married) $20,000 phase out. to $125,000 (single) and $225,000 (married) witha $20,000 ...[Read More]
Good news - the House and the Senate voted on Friday to a one-year extension of higher loan limits for mortgages backed by the Federal Housing Administration, Fannie Mae or Freddie Mac. FHA, Fannie and Freddie will continue to be authorized to guarantee ...[Read More]
The New Jersey housing market recorded stunning September home sales - the most since 2005 as Contract-Sales were 29% higher durint the month than just one year ago. This will be the fourth consecutive month on a year-on-year increase in sales which were ...[Read More]
Did you know that shopping around for the best mortgage rate usually involves contacting three or four mortgage brokers and during that process they will usually ALL check your credit? This is the worst thing you can actually do for your credit as it results ...[Read More]
Bergen County Bergen County single-family homes maintain their moderate SELLER’S market status with an absorption rate of 3.8, which was the same as last month. The average number of days a home stayed on the market remained normal. The average sale ...[Read More]
If you have any questions on homes for sale in Morristown, call me at 201 259-4449 or email me at Adrienne@AdrienneFrancis.com and be sure to visit my community page for Morristown.[Read More]
The following is some valuable information from our mortgage advisors that I wanted to pass along. Basically, things have changed a great deal so read on and feel free to call them or me if you have any questions. (201) 259-4449. Their numbers are below. ...[Read More]
A recent article in Yahoo claimed that one in three loan applications were rejected. While this seemed unbelievable to us, we asked our mortgage rep from Coldwell Banker to give us some of his stats. This is what he said. "Regarding the Yahoo News ...[Read More]
Bergen County Bergen County single-family homes remain in a moderate SELLER’S market with an absorption rate of 3.8 – a slight decrease in inventory. The days on the market also went down to 85 days from 90 days last month. The days on market ...[Read More]
Basking Ridge showed very strong home sales for August, compared to last month and with lots of homes still pending, September should be strong for Basking Ridge too. Typical for August, new Basking Ridge listings were down but those should tick up in ...[Read More]
There is good news in Bernardsville's sales results as well. Pendings are high, inventory is selling and typical for August, new listings tapered off. Closings should be better in September when those Pendings finally do close. If you would like information ...[Read More]
Inventory in Morristown took a nice drop in August, which is always good to see. New listings were down which is typical for August but pendings were down which means September sales could taper off a bit. If you would like more information on homes for ...[Read More]
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