Fed’s Announcement to buy $600 billion in mortgage-backed assets

By John Bendall | Published: November 26, 2008

The following article from RIS Media could potentially give people a lot to be thankful for this holiday season. RISMEDIA, Nov. 26, 2008-(MCT/RISMedia)-Following the Fed’s announcement of its plans to buy up to $600 billion in mortgage-backed assets, the housing industry welcomed this solution, citing Main Street and mortgage rates as the direct beneficiaries.”This is … Continue reading Fed’s Announcement to buy $600 billion in mortgage-backed assets

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New Designation from the National Association of Realtors

By John Bendall | Published: November 24, 2008

In any type of market, the sign of a good real estate agent is continuous education to keep up with the changing times. An interest in environmental issues is one sign of the times. The Green Resource Council of the National Association of Realtors has created a new Green Designation for agents. In order to … Continue reading New Designation from the National Association of Realtors

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New RESPA Rules

By John Bendall | Published: November 21, 2008

Much of the current state of the economy is at least partially a result of homeowners who got in too deep purchasing homes that they could not afford. Part of the reason for this is that many home buyers do not fully understand what they are getting into when they get to the closing table. … Continue reading New RESPA Rules

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This Week at Re/Max Classic Group

By John Bendall | Published: November 18, 2008

Monday- Sellers seminar in Branchburg Thursday- Sellers seminar Basking Ridge Friday- Sellers seminar Berkeley Heights The following is information regarding a food drive at the Berkeley Heights office. As I mentioned in my last post the food banks are extremely low due to the poor ecconomy , so we all need to work towards helping … Continue reading This Week at Re/Max Classic Group

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Take Your Mind Off Tough Times by Doing for Others

By John Bendall | Published: November 17, 2008

The state of the economy is causing many of us to tighten our belts and this belt tightening is being felt by local nonprofit organizations. Charitable contributions from individuals have gone down significantly as essentials like gas and groceries eat up household budgets. Corporate sponsorships are also decreasing as businesses are feeling the pain of … Continue reading Take Your Mind Off Tough Times by Doing for Others

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The Truth about Foreclosures

By John Bendall | Published: November 16, 2008

Classic has been tracking the foreclosures in our marketplace for well over a year now, and I know our agents have been getting calls/e-mails from people wanting to look for forecloses, so here are some facts. If they find a “bank owned property on Realty track or another service: The amount it says the bank … Continue reading The Truth about Foreclosures

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This Week at Re/Max Classic Group

By John Bendall | Published: November 14, 2008

Last night- Classic teamed with 2 other RE/MAX companies and the region to put on “60 min with RE/MAX”. It was a huge success!!! Jeff Snyder (Regional owner) talked about RE/MAX and what it means to the agents, there was a technology demonstration on all the great tools we have and then a few RE/MAX … Continue reading This Week at Re/Max Classic Group

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Trends in New Home Construction

By John Bendall | Published: November 7, 2008

The down trend in the economy has caused some new trends in home building. More and more builders are scaling down floor plan sizes to reduce the cost of new homes for buyers. Smaller homes also help to meet the needs of homeowners concerned with the cost of maintaining a home. Initially smaller homes can … Continue reading Trends in New Home Construction

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