According to a report that was released this past Monday by HUD (U.S. Department of Housing and Urban Development), the sales of newly built single-family homes rose in June by 11%; this translates to an annualized rate of 384,000 homes.
Peter Morici, an economics professor at the University of Maryland, said “That is really good news, with all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming out.”
A housing industry analyst for IHS Global Insight, Pat Newport, also commented about the report. “The tax credit is boosting demand, but what will happen when it goes away in December?” he asked. Excess inventory still exists in some key markets, such as:
California
Florida
Las Vegas
Arizona
Even with business getting better, the time for getting deals is going away fast.
The I-Team Homes has been marketing quite extensively in Monroe Township NJ including the area of Williamstown. We provide housing market analysis for our clients.
The following is the most current data we have for Monroe Township :
For the month of May 2009 -
New Listings Added in May – 61 (17.9% of the Total Listings on the Market of 341)
Average asking price – $245,304 (101.9% of the Total Avg Price of $240,840)
Properties that are Pending Sales (Under Contract, Not Settled) – 28
Average Price: $214,760
Properties that Settled in April – 24
Average sold price – $231,510 (91.0% of average asking price)
Average Days On Market: 73 Days
We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call us at 609-417-1084.
For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/
Looking for a fixer upper property? Willing to put in some “sweat equity” to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/
Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We’ve been where you are now, don’t make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm
The I-Team Homes has been marketing quite extensively in Washington Township NJ including the area of Turnersville. We provide housing market analysis for our clients.
The following is the most current data we have for Washington Township :
For the month of May 2009 -
New Listings Added in May – 86 (20.3% of the Total Avg Listings of 424)
Average asking price – $263,450 (85.2% of the Total Avg Price of $309,260)
Properties that are Pending Sales (Under Contract, Not Settled) – 26
Average Price: $291,600
Properties that Settled in May – 20
Average sold price – $208,415 (92.0% of average asking price)
Average Days On Market: 91 days
We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call us at 609-417-1084.
For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/
Looking for a fixer upper property? Willing to put in some “sweat equity” to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/
Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We’ve been where you are now, don’t make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm
The I-Team Homes has been marketing quite extensively in Winslow Township NJ including the areas of Sicklerville and Cedarbrook. We provide housing market analysis for our clients. The following is the most current data we have for Winslow Township :
For the month of May 2009 -
New Listings Added in May – 92 (17.2% of the Total Listings Currently on the Market of 535)
Average asking price – $240,172 (104.2% of the Total Average Listing Price of $230,510)
Properties that are Pending Sales (Under Contract, Not Settled) – 37
Average Price: $210,910
Properties that Settled in May – 33
Average sold price – $190,350 (90.0% of average asking price)
Average Days On Market: 77 Days
We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call us at 609-417-1084.
For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/
Looking for a fixer upper property? Willing to put in some “sweat equity” to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/
Are you behind on your mortgage? We can help you! We are the Foreclosure Prevention Consultants. We’ve been where you are now, don’t make the same mistakes we did. See what we can do for you at http://www.i-teamhomes.com/foreclosure.htm
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