real estate market

Informative articles about the general real estate market, nationally, in New Jersey and specifically in the central New Jersey area.

Latest on home buying tax credit

By John Bendall | Published: June 10, 2009

Get the most out of your homebuying tax credit Programs, states offer ways to get $8,000 break to first-time buyers faster The Associated Press When it comes to the $8,000 tax credit for first-time homebuyers, it seems there’s a new program every week to help tap that money today. The credit can be claimed on … Continue reading Latest on home buying tax credit

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Q & A about short sales

By John Bendall | Published: June 6, 2009

Q. What are my options as a home seller when my property is in or heading toward default? A. In the event that you have been delinquent in paying your mortgage or anticipate that you will not be able to make payments moving forward, your options will vary based upon several factors or variables that … Continue reading Q & A about short sales

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Pending Homes Sales Up for 3 Months in a Row

By John Bendall | Published: June 3, 2009

Record low mortgage interest rates boosted pending home sales for the third consecutive month, with some benefit now from the first-time buyer tax credit, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in April, rose 6.7% to 90.3 from a reading of 84.6 in … Continue reading Pending Homes Sales Up for 3 Months in a Row

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Top 5 Things to Know Before Putting Your Home Back on the Market

By John Bendall | Published: May 29, 2009

If the listing or marketing agreement you had with your real estate agent and his or her company has, as the real estate industry says, “expired,” and you are looking to relist your property, make sure you educate yourself on the many vital factors that will influence the sale of your home. Remember, there is … Continue reading Top 5 Things to Know Before Putting Your Home Back on the Market

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It’s finally official: 1st time home buyer tax credit of $8,000 can be used towards purchase costs!!!

By John Bendall | Published: May 29, 2009

DONOVAN ANNOUNCES RECOVERY ACT’S HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST-TIME HOMEBUYERS TO BUY A HOME FHA plan will stimulate new home sales and help stabilize housing market WASHINGTON – Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced … Continue reading It’s finally official: 1st time home buyer tax credit of $8,000 can be used towards purchase costs!!!

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$8000 1st time Homebuyer Tax Credit Cannot be used for Downpayment as of 5/14/2009

By John Bendall | Published: May 19, 2009

The secretary of HUD made an announcement Monday and a HUD/FHA letter was published on the website Monday night stating the the $8000 could be used for upfront down payment (although the mortgage letter was vague at best and has been removed from the site). BUT……..the new director of HUD pulled that Mortgagee letter Thursday … Continue reading $8000 1st time Homebuyer Tax Credit Cannot be used for Downpayment as of 5/14/2009

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Distressed Properties and 1st time Home Buyers- The answer to Real Estate Recovery

By John Bendall | Published: May 19, 2009

[1]RISMEDIA, May 19, 2009-(MCT)-Value-conscious, first-time buyers have become key to the housing market’s recovery, and they are snapping up priced-right foreclosures despite the warts-and-all, sold-as-is condition of the properties. Half of the sales made in the year’s first quarter were to first-time buyers and almost half of all these sales were distressed properties, the National … Continue reading Distressed Properties and 1st time Home Buyers- The answer to Real Estate Recovery

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How Short Sales Affect Our Community…and Your Home

By John Bendall | Published: May 14, 2009

Whether you are on easy street, just keeping up with the Jones’ or withdrawing savings to stay current, an understanding of real estate short sales and how they affect the value of all homes within our community is becoming more and more important. Hardly a day goes by without at least one person asking me … Continue reading How Short Sales Affect Our Community…and Your Home

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Tax Credit Can Be Used for Down Payment !!!!

By John Bendall | Published: May 13, 2009

1st Time home buyers can use $8,000 tax credit for down payment

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Avoid Foreclosure-options to pursue, scams to avoid

By John Bendall | Published: May 7, 2009

As a leader in real estate, I am repeatedly asked specific questions about today’s market – especially in today’s economy. In an effort to provide more information to my community, I am sending you this Top 5 in Real Estate Social Networking Systemsm “e-Article,” in which I provide useful real estate information to my real … Continue reading Avoid Foreclosure-options to pursue, scams to avoid

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