Sunday, May 21, 2006

Exotic Mortgages at the Shore

From the APP

Snip...

"In Monmouth and Ocean counties, 27.9 percent of the mortgages used to purchase homes in 2005 were interest only, up from 18.5 percent in 2004, according to LoanPerformance, a subsidiary of First American Real Estate Solutions. Interest-only deals represented 17.1 percent of the mortgage refinancings last year as well, up from 10 percent in 2004."

Full article...

9 Comments:

Anonymous Anonymous said...

...clueless.

Sunday, May 21, 2006 12:48:00 PM  
Anonymous Anonymous said...

This comment has been removed by a blog administrator.

Sunday, May 21, 2006 7:56:00 PM  
Anonymous Anonymous said...

IMF: More Fed rate hikes may be needed
Mon May 22, 7:03 AM ET


VIENNA (Reuters) - The Federal Reserve may need to continue raising interest rates depending upon how economic conditions evolve in the United States, International Monetary Fund chief Rodrigo Rato said on Monday.

Monday, May 22, 2006 11:20:00 AM  
Anonymous Anonymous said...

You really need to get this blog some more visitors!

People at the Jersey Shore are still under the impression that "the market is not going to fall here - no, not here" Huge denial going on.

Tuesday, May 23, 2006 6:36:00 PM  
Anonymous betts said...

what's "Huge denial" if you think your home is worth 1 Million and you list it at that and no one buys it ,it's still worth a million to you ,so you just don't sell !

Friday, May 26, 2006 8:30:00 AM  
Anonymous Anonymous said...

If I spent as much time working on my own real estate sites as I do slogging thru blogging, I'd probably make more money. But I enjoy a good read. Thanks for the break. Stop by my site if you can.

Tuesday, June 20, 2006 3:45:00 AM  
Anonymous Anonymous said...

In this "cooling off" real estate market, suggest that the average residence is shown about 4 times a week during the first 3 weeks of a real estate listing. After that, an unsold home goes "stale" ... it gets shown less .

Tuesday, June 20, 2006 3:37:00 PM  
Anonymous Anonymous said...

. Be It Ever So Humble: Never apologize for the appearance of your home. After all, it has been lived in. Let the trained agent answer any objections. That's the job of your Realtor�.
Go here for more ideas.

Saturday, June 24, 2006 11:42:00 PM  
Anonymous Anonymous said...

. Never Stay In Your House With House Hunters: Let the agent handle it, and remove yourself if possible. Remember that the Realtor� has worked many hours with these people, and knows what they're looking for, and how to work with them. Let the Realtor� do the job without interference.You may feel that an agent isn't showing the important features of your home to the prospect, but the agent knows people aren't sold by details until they've become emotionally involved with the "big picture" of your home. The presence of any member of the seller's family can't help. It always unnerves possible buyers. It often prevents a sale.
Go here for more ideas.

Sunday, June 25, 2006 12:36:00 AM  

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