Monday, January 30, 2012
Search for homes here
<script src="http://www.calursohomes.com/webcapture/type/rectangle/" type="text/javascript"></script>
Sunday, January 29, 2012
Saturday, January 28, 2012
Open Houses In South Orange 1/29/2012
334 Radel Ter 1-4
463 Tillou 2-4
256 Prospect 2-4
361 Walton 1-4
231 S Ridgewood Rd 2-4
240 S Ridgewood Rd 1-4
319 Self Place 2-4
24 Spier DR #1 1-4
440 Harding 1-4
76 Duffield Dr 1-4
365 Redmond 11-1
185 Underhill RD 1-4
376 Forest RD 1-4
visit http://www.calursohomes.com/
Thank you
463 Tillou 2-4
256 Prospect 2-4
361 Walton 1-4
231 S Ridgewood Rd 2-4
240 S Ridgewood Rd 1-4
319 Self Place 2-4
24 Spier DR #1 1-4
440 Harding 1-4
76 Duffield Dr 1-4
365 Redmond 11-1
185 Underhill RD 1-4
376 Forest RD 1-4
visit http://www.calursohomes.com/
Thank you
Thursday, January 26, 2012
Friday, January 20, 2012
Thursday, January 19, 2012
Wednesday, January 18, 2012
End of Year Statistics
Maplewood
229 Units Sold
109M Sales Volume
493K Average List Price
479K Average Sale Price
97% Sale Price to List Price
Lease Expensive Sold 99K Valley Rd
Most Expensive
South Orange
148 Units Sold
81M Sales Volume
552. Avg List Price
523 Avg Sale Price
95% Sale Price to List Price
Least Expensive Sold 54K Valley Rd
Most Expensive Sold 1.7M Halsey
229 Units Sold
109M Sales Volume
493K Average List Price
479K Average Sale Price
97% Sale Price to List Price
Lease Expensive Sold 99K Valley Rd
Most Expensive
South Orange
148 Units Sold
81M Sales Volume
552. Avg List Price
523 Avg Sale Price
95% Sale Price to List Price
Least Expensive Sold 54K Valley Rd
Most Expensive Sold 1.7M Halsey
Sunday, January 15, 2012
Wednesday, January 11, 2012
Friday, January 6, 2012
New Listing In Historic Montrose Park
This new listing at 211 Montrose is a classic Southern like Plantation Home with the land to go with it!
Click on the link below for more information!
http://www.calursohomes.com/listings/areas/1769/minprice/1295000/maxprice/1295000/
Click on the link below for more information!
Wednesday, January 4, 2012
How Long Will Low Mortgage Rates Last?
For nine consecutive weeks, the 30-year fixed-rate mortgage has been hovering at or below record lows of 4 percent, pushing housing affordability for home buyers even higher.
But will these low rates stick around much longer?
The Federal Reserve has vowed to keep rates low through 2013 so rates likely will hang around for a few more months, at least, but whether mortgage rates will stay at the current record-lows, many experts say it’s unlikely.
The 30-year fixed-rate mortgage is expected to inch up to an average 4.5 percent for 2012 and increase to 5.4 percent in 2013, according to Freddie Mac economists’ forecasts.
While that forecast means rates are expected to move higher in the coming months, the rates will still be low by historical standards, economists told the Los Angeles Times. For comparison, 30-year rates averaged more than 16 percent in 1981 and 1982. What’s more, until 2000, rates typically were above 8 percent, Freddie Mac notes.
Despite the drop in rates, however, many home buyers have been unable to take advantage of the low rates. Lenders’ tightening of their underwriting standards for loans in the recent years following the housing crisis has shut some buyers who have poor credit, low down payments, or unsteady employment from securing a loan at today’s low rates. Freddie Mac had predicted home-purchase applications to comprise two-thirds of all mortgage applications by the end of 2011. But the Mortgage Bankers Associations says that instead about 80 percent of the mortgage applications came from home owners who wanted to refinance.
Source: “Low Mortgage Rates Likely to Continue Through 2012, Experts Say,” Los Angeles Times (Jan. 3, 2012)
But will these low rates stick around much longer?
The Federal Reserve has vowed to keep rates low through 2013 so rates likely will hang around for a few more months, at least, but whether mortgage rates will stay at the current record-lows, many experts say it’s unlikely.
The 30-year fixed-rate mortgage is expected to inch up to an average 4.5 percent for 2012 and increase to 5.4 percent in 2013, according to Freddie Mac economists’ forecasts.
While that forecast means rates are expected to move higher in the coming months, the rates will still be low by historical standards, economists told the Los Angeles Times. For comparison, 30-year rates averaged more than 16 percent in 1981 and 1982. What’s more, until 2000, rates typically were above 8 percent, Freddie Mac notes.
Despite the drop in rates, however, many home buyers have been unable to take advantage of the low rates. Lenders’ tightening of their underwriting standards for loans in the recent years following the housing crisis has shut some buyers who have poor credit, low down payments, or unsteady employment from securing a loan at today’s low rates. Freddie Mac had predicted home-purchase applications to comprise two-thirds of all mortgage applications by the end of 2011. But the Mortgage Bankers Associations says that instead about 80 percent of the mortgage applications came from home owners who wanted to refinance.
Source: “Low Mortgage Rates Likely to Continue Through 2012, Experts Say,” Los Angeles Times (Jan. 3, 2012)
Tuesday, January 3, 2012
South Orange/Maplewood Sales Stats
South Orange
Active listings 271, Average Sale Price $509,000 SP/LP 96%
Maplewood
Active listings 371, Average Sale Price $469,000 SP/LP 96%
Active listings 271, Average Sale Price $509,000 SP/LP 96%
Maplewood
Active listings 371, Average Sale Price $469,000 SP/LP 96%
New Year New Home
If you are thinking about buying or selling a home in 2012 now is defintely the time. Home sellers are still getting multiple offers and interst rates are at historic lows. For example a house on Park Road in Maplewood went into multiple offers first week on the Market. Not all media is reporting all the facts.
Subscribe to:
Comments (Atom)