Michael's Blog

Special Edition - The Effect of Mortgage Rate Reductions on Buying Power:The recent interest rate cuts and subsequent reductions in mortgage rates have significantly improved potential home buyers' ability to afford a home.   •Ø      The impact of a 1% reduction in interest rates on a $250,000 ho...

Recent Quotes about the Positive Signs in the Real Estate Market:Mortgage Applications Rise to Highest Level Since 2004Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing.  The Mortgage Bankers Associatio...

Recent Quotes about the Positive Signs in the Real Estate Market: Mortgage Applications Up & Rates DownThe Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, for the week ended Jan. 11 surged 28.4% to 906.4, ...

Recent Quotes about the Positive Signs in the Real Estate Market:Silver Lining for Real Estate in '08•Ø       In his outlook for 2008, Laurence Yun, the chief economist for National Association of Realtors®, sees a shift from greedy speculators to serious homeowners. 2008 will be a year of opport...

I would like to thank all of the people that signed up for my real estate newsletter. The first issue was an overwhelming success. Based on the feedback I have been receiving, I am confident it has been enjoyed by many. I thank you all. For those of you who have yet to sign up for my newsletter, ...

The Truth about Finding a New Jersey Real Estate Agent Many prospective home buyers are unaware of the truths about selecting a New Jersey Real Estate Agent. Since using a real estate agent to help you buy a home is free, in New Jersey, it is especially important to find a Realtor with your best ...

Important Advice on Working With Real Estate Agents in New JerseyHome buyers, particularly first-time buyers and those coming from other states or other countries, should be aware of some important market practices as they embark on their search for a home with the help of a licensed real estate ...

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Buying or Selling a Home in Summit, NJ?Visit the following link to view my most recent research on the Summit, NJ market:Summit, NJ HomesThe media has been condemning the purchase of real estate. NAR has been claiming that now is the time to buy.Who is correct? Since all real estate is local, you...

Recent Quotes about the Positive Signs in the Real Estate Market:Buyers Waiting on the Sidelines Need to Get in the Game •Ø       People willing to hold properties for a long time could be well served by starting to look at potential purchases now, because over the long term home appreciation usu...