Tom's Blog

Here is a great article from http://realestate.msn.com about options for a homeowner who is under water (by Susan Johnston from U.S. News and World Report): Nearly 11 million homeowners are underwater — meaning they owe more on their mortgage than the property is worth — according to the most recent data from CoreLogic. For ...

Home prices have continued to drop during the first quarter of 2011, dropping 4.6% from a year earlier according to CNNMoney.com and the National Association of Realtors.  Condo prices fell ever harder by a rate of 10.4%.  The main cause for this decline is the sale of foreclosed properties, which accounted for 29% of the market - a 3% ...

According to MSNBC.com, the unemployment rate dropped to 9% last month, which is its lowest level in 2 years.  However, the U.S. labor market slowed considerably as only 36,000 new jobs were generated in January, the fewest in four months.  These statistics offer a conflicting picture.  Unemployment fell because the Labor ...

U.S home prices fell 2% in the third quarter according to CNNMoney.com.  The S&P Case-Schiller Home Price INdex has recorded gains in four of the previous five quarters, including a 4.7% jump between April and June 2010.  This leaves national home prices down 1.5% year over year and off 2% compared to the second quarter.  Some ...

Sales of previously occupied homes jumped 10% in September, which marked the biggest monthly gain in 28 years, according to MSNBC.com.  The monthly gain was bigger than expected, indicating the housing market is stabilizing at weaker levels.  This was much higher than expected, but experts have cautioned not to celebrate yet.  ...

According to the National Association of Realtors' housing opportunity pulse survey, nearly eight out of ten respondents believe buying a home is a good financial decision, despite the ongoing challenges with the housing market and economy.  The survey also found that job security concerns were the highest in eight years.  Roughly ...

Many people are getting sick of the doom and gloom surrounding the real estate markets right now (I am one of them).  The consumers and media tend to forget about all of the great reasons to buy a property.  Brett Arends of The Wall Street Journal wrote a great article today about the reasons people have bought real estate over the past ...

According to CNNMoney.com, 21.5% of mortgages are currently under water in the 3rd quarter of 2010, which is an improvement from the previous quarter when an estimated 23.3% of loans were under water.  There are a few reasons for this improvement, including the loss of homes to foreclosure and improving home values in some markets.   In ...

467 Sharon Drive is now available, with an asking price of $299,900.  This is a charming 3 bedroom, 2 bath single family home on a very private lot.  Low Upper Meiron taxes with a Wayne address.  Minutes from everything.  Check out my FEATURED LISTINGS section for more information.  Call me at 610.692.6976 if you would ...

Over the past day or two, Buyers have been able to lock in a 5% interest rate on a 30 year fixed loan!  These historically low rates, combined with the high inventory (creating lots of choices for Buyers) make the end of 2009 an excellent time to buy.  I have seen investors scoop up great opportunities, most of which only last a short ...