Category: Real Estate News

Homes Selling as Fast as They Did During Housing Boom | AOL Real Estate
May 27, 2013

By Diana Olick Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was 46, down from 62 in March and down from the normal pace of 90-120 ...
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HUD Announces Policy Changes for FHA Mortgage Loans
March 1, 2012

February 27, 2012 HUD No. 12-037 WASHINGTON – "As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage ...
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David Fialk, New Jersey Realtor, Celebrates 40 Years in Real Estate
September 27, 2011

David Fialk
David Fialk, New Jersey REALTOR and Broker Owner of Choice Realty Co., 1144 Green St., Iselin, New Jersey, is now celebrating 40 years in real estate. Talk about the changes in real estate and in the real estate industry in the last 40 years! Talk with David! Obtaining his real estate license in 1971, David ...
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Qualified Residential Mortgage: The Proposed 20% Down Payment Rule
July 24, 2011

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Qualified Residential Mortgage Are you aware that there is a move in Washington which could require a minimum down payment of 20% on the purchase of a home?  It's called the Qualified Residential Mortgage, commonly referred to as the QRM Rule. The rule as proposed could have the effect of requiring borrowers to have ...
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Is Some REAL ESTATE NEWS Only HALF THE STORY?
July 23, 2011

Is it Possible That Real Estate News Articles Tell Only Half the Story? On Thursday, July 21,  2011 on the front page of the Business Section of the Star Ledger, the following real estate news related article was labeled: “Of Interest: Closing costs increase as housing slump continues” Here is the link to this ...
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Do Short Sales Affect Home Values in Neighborhoods?
April 15, 2011

What happens to real estate values when short sales are placed on the market for sale in the neighborhood you live in? What happens when the short sale sells, and sells at a price much below the market value range of surrounding homes in the neighborhood? Whether your home is in Iselin, ...
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1099 Landlord Reporting Law Repealed
April 9, 2011

Important Information to Rental Property and Investment Property Owners During 2010, new reporting requirements were added to the duties of investment property owners which would have required all investment property owners who paid over $600 to service providers to issue Form 1099 in 2011. Previously only real estate professionals engaged in property management ...
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Changes in FHA Mortgage Loans Coming April 18, 2011
February 16, 2011

FHA Loans Will Cost More After April 18, 2011 The FHA Mortgage Insurance Premium (MIP) will increase 25 Basis Points Just the other day, FHA Commissioner David H Stevens announced changes for FHA Mortgage Loans. These changes are for any FHA loans that are assigned case numbers on or after April 18, ...
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Mortgage Rate Update
February 11, 2011

Let's Talk About Mortgage Interest Rates Again! Mortgage Interest Rates Well, interest rates increased to over 5% in December, 2010. Then they retreated to a little under 5% in January, 2011. Now, they are moving back up above 5% again. Refresh your memory with a review from my January 10th post. First of ...
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5 Reasons You Still Need a Real Estate Agent
September 1, 2010

A good friend of mine forwarded this link to me and thought it would be a good idea to place the link to the article and video he found on MSN.com on my Blog. Since he enjoyed reading and listening, I took his advice and posted the link. 5 Reasons You Still Need ...
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