Middlesex, NJ Real Estate News

By Lorraine & Gilbert Marchany, The Marchany Home Selling Team
(Prudential Fox & Roach, Realtors)
  Owning a home, whether it's across the country, or in central New Jersey, has always been a part of the American Dream. There is a good reason for that – owning a home in central New Jersey is awesome. If you'd like to experience the happiness and security of home ownership, contact The Marchany Team. They can help you realize the American Dream of home ownership. Owning a home in Central New Jersey is awesome because, for one thing, it is an investment. You probably won't get rich quickly, but you can build wealth over the long term. The wealth in your home builds up over time, even when the economy is in a downward trend. The average home appreciation rate is 6.5% per year; this means that if you buy a home for $100,000, in just ten years you will have a home that sells for around $...
Comments 0
By Lorraine & Gilbert Marchany, The Marchany Home Selling Team
(Prudential Fox & Roach, Realtors)
  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...
Comments 0
By Brian Platten
(ERA VSWL)
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 '"
Comments 1
Explore Middlesex, NJ
Middlesex, NJ Real Estate Professionals