Monthly Archives: December 2015

Rumson Home Sales: December 1st Update

As predicted, earlier this week the Federal Reserve raised rates by 25 basis points (0.25%) and indicated its intention to have 4 more rate increases in 2016. Chairperson Janet Yellen said next year’s rate hikes will not necessarily be the … Continue reading

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Fair Haven Real Estate at the End of November

For the 3rd month in a row, all 4 of the key, objective real estate indicators are predicting higher prices for Fair Haven homes in the near future. The number of home sales is up, indicating higher demand; the number … Continue reading

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Mortgage Advice from an Expert

I recently read an excellent article written by Johnathan Smoke, the chief economist at Realtor.com. It reviews 7 ways a potential home buyer can qualify for the best mortgage loan (getting the lowest interest rate while maximizing the amount of … Continue reading

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Rumson Real Estate Market Update

Seven (7) Rumson homes sold in October, and with those sales one of our 4 key, objective real estate indicators turned positive for home buyers. The real estate absorption rate increased from 8.0 months at this time last year to … Continue reading

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