Category: Real Estate News

2020 Homebuyer Preferences
August 7, 2020

2020 Homebuyer Preferences [INFOGRAPHIC] Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs ...
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NAR: Home Ownership Matters
June 3, 2020

Home Ownership Really Does Matter...... Since its inception, Home Ownership Matters has been used by millions of current and future homeowners to learn about and take action on policies that impact homeowners and homeownership in general. Find Your State! Explore Topics! Stay Informed! Take Action! www.HomeOwnershipMatters.Realtor          
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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

Take Action Now
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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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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Real Estate Values: A Buy Now Scenario For Home Buyers: Favorable Home Prices
July 26, 2010

Why is the current real estate market a buy now scenario for home buyers? Two important reasons: Mortgage Interest Rates and Favorable Home Prices!    * Mortgage Interest Rates: Take a look at the 5 Year History of Average Mortgage Interest Rates! (Discussed in previous Blog post)    * Favorable Home Prices: So ...
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Real Estate Values: A Buy Now Scenerio for Home Buyers: Historically Low Mortgage Interest Rates
July 13, 2010

When thinking of buying real estate, which market would you rather be in? A Buyer's market or a Seller's market? Not too difficult to figure is it? When looking to buy a home in a seller's market, a home buyer may experience a shortage of available homes to look at, may ...
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