Profile of Home Buyers in 2011

Every year, the National Association of Realtors (NAR) conducts a survey of home buyers and sellers in that year and summarizes the results in a publication, the latest version of which is called the 2011 NAR Profile of Home Buyers and Sellers (a summary and explanation about methodology of the survey is available at the […]

New Listing — 209 Pickle Road, Pottersville, NJ

This  impeccably-renovated city-meets-country 3 BR cape cod home featuring extensive high-end renovations and open land with views and privacy.  Updates include kitchen, all bathrooms, hardwood throughout first floor, carpeting on second floor, interior and exterior paint, gas fireplace in family room, and surround-sound system wiring.  A 2 car attached garage and oversized 1 car detached […]

In 2012, You CAN “Flip” a Property with an FHA Purchase Money Mortgage!

Federal Housing Administration (FHA) guidelines do not permit a buyer to purchase a home with an FHA-insured mortgage if the home being purchased has been owned by the seller for less than 90 days. However, the FHA a extended it’s temporary waiver of this “anti-flipping” regulation through December 31, 2012 while keeping all other terms […]

Higher FHA loan limits restored in New Jersey

On November, 18th, 2011, President Obama signed off on returning the maximum loan amounts for FHA-backed mortgages to $729,750 for New Jersey (the limit  had dropped to $625,500).  However, the limit for Fannie-Mae- and Freddie-Mac-conforming  mortgages remains at $625,000.  The increase in the loan limit for FHA-backed-loans is great news for the local housing market. […]

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