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Immediately after hearing the news of the senate’s intention to extend the closing date of the expiring home buyer tax credit from June 30, 2010 to September 30, 2010, njretoday.com, received an flood of emails from angry buyers who were in the market back in April 2010, but through no fault of their own, were [...]

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What is HAFA?

The Home Affordable Foreclosure Alternatives (HAFA) Program is a government-sponsored initiative announced in November 2009 overseen by the US Treasury Department and administered by Fannie Mae (Fannie) assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure, specifically through short sales (SS) or deeds-in-lieu (DIL) of foreclosure. As of April [...]

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Buying an house is not an investment, or is it?
According to Peter Schiff, a financial news commentator, stock broker, author, economist and president of Euro Pacific Capital, buying a house is an investment in some form, but not like how most people describe real estate investing. Here’s a synopsis:

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What are homes selling for in Union, NJ? The following chart shows the trends of median sales and list prices of residential single family sold homes in Union, NJ as reported by the Garden State MLS from January 2009 through March 2010. Click on the Chart for a larger view of the data.

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Union County NJ Housing Market Outlook.

Just Sold Union County NJ December 2009 and January 2010: Median List and Sales Price for individual towns in Union County. Use this information as a quick snap shot of what your home may be worth. For a no obligation, free email home assessment, please click here. [...]

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 Jim Weichert, CEO of the largest independently owned real estate brokerage in the world says, “the overall economy has recently shown encouraging signs of life. The real estate market has had many months of ongoing improvements, and I am confident that the extension and expansion of the home-buyer tax credit will cement the ongoing recovery [...]

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