Feeds:
Posts
Comments

Archive for March, 2010

Advertisements

Read Full Post »

The median price of a single family New Jersey home in the 4th quarter of 2009 is about 8 percent lower than in the 4th quarter of 2008. The housing affordability index during the same time period increased by almost 15 percent. NAR’s housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a median-priced, existing single-family home. Increasing levels of affordability mean a home purchase is within reach for more New Jerseyans than the same time the year before. Source: New Jersey Home Sales Report, 4th quarter 2009

Read Full Post »

Time to Buy

NOW IS THE PERFECT TIME TO BUY!

Don’t forget the Impact of Interest Rates

Which way are interest rates moving? Are they moving up or moving down? If interest rates are near an all-time low and beginning to inch upwards, waiting could cost you more than you would think.

Following is what happens if you’re looking for a loan around $400,000.

*FACT: Each ½ point increase in your interest rate gives you $25,000 less in purchasing power.

*FACT: Each 1 point increase in your interest rate gives you $50,000 less in purchasing power.

*FACT: Each 2 point increase in your interest rate gives you $100,000 less in purchasing power.

Your Real Estate Consultant;

Julia Dagistanli

Read Full Post »