S New Jersey Real Estate Market » cumberland county http://terryi.com/reblog The official blog site for information about the Real Estate Market in South New Jersey and homes for sale. Mon, 30 Aug 2010 04:45:56 +0000 http://wordpress.org/?v=2.8.3 en hourly 1 Cumberland County NJ Market Statistics – YTD Comparison http://terryi.com/reblog/archives/302 http://terryi.com/reblog/archives/302#comments Thu, 09 Oct 2008 16:02:58 +0000 admin http://terryi.com/reblog/?p=302
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Cumberland County 2007

Cumberland County 2008


Details can be found on our standard web site

]]> http://terryi.com/reblog/archives/302/feed 0 5 Bedroom, 2.5 Bath on 1.5 Acres in Lawrenceville NJ http://terryi.com/reblog/archives/8 http://terryi.com/reblog/archives/8#comments Thu, 27 Sep 2007 01:35:37 +0000 admin http://terryi.com/reblog/archives/8

]]> http://terryi.com/reblog/archives/8/feed 0 Low Interest Rates + Lower Prices = A Great Home http://terryi.com/reblog/archives/16 http://terryi.com/reblog/archives/16#comments Mon, 03 Sep 2007 03:14:08 +0000 admin http://terryi.com/reblog/archives/16 Now could not be a better time to buy a house. Interest rates are at nearly historic lows, home prices down and home inventories at record highs. All of this translates into the best BUYERS MARKET in 50 years. Not since the mid-1950’s has the home buying market been this good for the home buyer.

That being said, many buyers seem to be sitting on the fence waiting to something to happen in the market before they make a move to buy a house. Well, it has already happened. The feds are starting to help home owner who were victims of predatory loans save their homes. The interest rates are soon to drop again, allowing for lower monthly payments to home buyers. And the FHA has streamlined their processes to allow for faster mortgage approvals.

With the resurgence of the old standard for many home buyers: the FHA Mortgage, the home buying market will begin to return to a more normal market. FHA loans are insured loans, so lenders are more willing to lend money to an FHA buyer because the lender will not lose money as they did in the sub-prime market. These new FHA loans will help mortgage companies continue to write mortgages.

FHA requires a lower down-payment; as low as 2.25% and will allow for down payments to be a gift from family or a non-profit organizations and will allow the seller to assist with closing costs.

In this market, many homeowners are helping the buyers with closing costs to make the sale. Pluse, if you have a few dings on your credit, an FHA loan is the way to go.

All the economic indicators are predicting a upsurge in home sales in Spring of ‘08 and a return to normal in early ‘09. When that happens, prices too will return normal, sellers will be less willing to help with closing costs and many buyers who waited on the fence, will be out of the market again.

If you have been on the fence about buying a home, now is the time to start the process. There are many great homes that went unsold during the summer and are waiting for you. Autumn has always been a great time to negotiate for a great home.

If you are getting off the fence, contact us now, so we can get started and you could be in your new home for the holidays.
Linda – 609-417-1084
Terry – 609-417-1086

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