Recent indicators are showing good things in the Central New Jersey real estate market. Home sales are on the rise, mortgage applications have increased, and foreclosures have decreased. The Mortgage Bankers Association (MBA) has reported that mortgage applications are at the highest level in months, rising by 17.3 percent. Michael Fratantoni, vice president of MBA's research and economics, points to an upswing in the job market as one reason that the housing market is showing signs of improvement. Additionally, mortgage rates have remained below 5 percent, making home loans affordable. Refinance applications are also increasing because of attractive interest rates. In fact, since April 2009, record low mortgage rates have helped more than 9.5 million home owners refinance, at a savin... 04/08/2011

You know, the media isnt reporting everything!  The market is going strong.  In Middlesex Boro NJ back in 05' when the market was still white hot, the average amount of homes on the market in any given month was between 20-30 homes available.  The average sales each month would be 5-8 homes sold.  Now in 08', the average amount of homes on the market is between 60-70!  Lots of inventory.  However, the number of sales each month is between 5 -8 homes sold!  So, what really changed?  Prices are down and it takes longer to sell your home but with a good plan and a good realtor, your home will sell! Contact me today! Brian '" 02/01/2008