Pushed by a powerful combination of historically-low fixed mortgage rates, an $8,000 tax credit, and affordable prices, sales of existing homes jumped 5 percent in February compared with the same month last year. The biggest gains came in the Northeast, where sales were up by nearly 16 percent,
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03/31/2009
Suppose you're behind on your house payments. You dial the phone number on your most recent mortgage statement, clear the usual hurdles, and finally reach someone who understands your situation and offers to help. You are one of the lucky homeowners who has a cooperative lender. Now what? What c
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03/29/2009
The Bank of America is leading the way on the move into jumbos -- loans above $730,000. Even without selling its own toxic mortgage assets, it has begun making an aggressive push into big home loans -- offering up to one and a half million dollar mortgages to borrowers with good credit and minimu
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03/29/2009
Today, Long Hill Township is a rapidly expanding residential community which has managed to retain its many rural characteristics. Approximately 50 percent of the Township remains undeveloped with portions of this land lying within the Great Swamp Wildlife Preserve. In addition, the Long Hill Mo
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03/28/2009
For sharp-eyed real estate investors and developers, the new funds -- plus another $2 billion scheduled for later this spring -- could mean some attractive opportunities. It's all part of what's called the Neigbborhood Stabilization Program. Roughly four billion dollars in special funding was aut
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03/27/2009
To store your prospecting information and assure your prompt and ongoing follow-up, employ contact management software such as Goldmine, ACT, or SharkWare. Also, look into real estate-specific software packages such as Top Producer or Online Agent, which are designed to help you with your sales f
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03/27/2009
Buried at the tail end of new report on Bloomberg.com was the news we've all been waiting for - home sales price increases. The headline was pointing out how home prices had dropped in 70% of states across the country (34 states); which meant that there were, indeed, states where home prices incr
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03/26/2009
We've all learned not to get too far out ahead of occasional spurts of good economic news, and not to assume too early that the long-awaited real estate turnaround has arrived. But for the past few weeks the positives have been significant and sustained. You really can't ignore them. New Jersey E
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03/23/2009
The number one obstacle between real estate agents and higher production is interruptions. A close second is procrastination. Procrastination is the direct result of a lack of urgency to do what needs to be done and to do it now. Urgency is directly linked to success. You can increase your output
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03/23/2009
Out of Washington last week had nothing to do with the Obama administration, nothing to do with Congress. Instead it was these very carefully chosen words from the Federal Reserve Board's open markets committee: We "will employ all available tools," the board said, to turn the economy around, an
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03/23/2009
