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February 2010 This Month in Real Estate

Who is buying real estate along the Midtown Direct Communities? [youtube]http://www.youtube.com/watch?v=Mw0S3vH0X7I[/youtube] First time home buyers have until April 30th to be Under Contract and then must close by June 30th. Are you ready? Want to learn more about the towns along the Midtown Direct Train line into NYC? Contact Perri K. Feldman 973.650.4727

Millburn Real Estate 2009 Year in Review

With the 2009 real estate slump, less homes were sold in Millburn/Short Hills than the previous year (223 vs. 260). However,  Millburn/Short Hills benefits from having the # 1 High School in New Jersey In addition, the town boasts strong cultural events with the Papermill Playhouse and Metropolitan Orchestra and of course premium shopping downtown and at The […]

First Time Home Buyer Tax Credit Extended…

IT’S OFFICIAL!!!!…. THE TAX CREDIT HAS BEEN EXTENDED AND EXPANDED Well…almost…  (President Obama still has to sign it, which he will) Per Martin Straka, Mortgage Loan Officer with Bank of America:  On Thursday afternoon (11/5/090 the House of Representatives voted to pass the legislation extending the Tax Credit and Unemployment Benefits (HR 3548).Homebuyer Tax Credit:  […]

2009 Housing Tax Credit Ends in Ninety Days

You only have three more months to take advantage of the 2009 Housing Tax Credit. Still Confused as to whether you qualify? There are still many opportunities to purchase an affordable home along the Midtown Direct Train line in New Jersey. If you want additional information about real estate in South Orange, Maplewood,Millburn/Short Hills, Summit, Chatham, […]

How is the Millburn/Short Hills Real Estate Market?

At lunch yesterday after the Center Court Member Guest, I was asked How is the Millburn/Short Hills Real Estate Market?  Houses are moving after a sluggish early spring, especially if they are priced right! And, what priced houses are moving? In the past month, 35 homes have gone under contract at all different price points 5   […]

South Orange is Still Hot for NYC Commuters

South Orange is a Terrific Town for First Time Home Buyers. Danielle Elliot writes in  South Orange Patch  how desirable Midtown Direct Train communities are for NYC transplants. Perri Feldman, a realtor with the Summit-based Keller Williams, says the sluggish economy hasnt substantially slowed the trend. At least 80 percent of her clients are from […]

Attention all Montclair NJ Foodies

I think I’ve died and gone to heaven. Montclair New Jersey is having its first ever Restaurant Week February 2-8, 2009. Book your reservations NOW!!! There are forty-two restaurants participating and all will be serving special, three course, pre fix dinners during this event. The details vary per each restaurant, so do call ahead. Participating […]

WEST ORANGE NJ TOWNHOUSE OPPORTUNITY

Looking for a Wonderful Buy this Holiday Season? Don’t Miss this LARGE, Sunny, Terrifically Priced Three Bedroom 2.5 Bath Townhouse in West Orange, New Jersey 240 Clarken Drive Desirable Crystal Woods Attractively priced at only $489,900, you can move right in and celebrate the New Year in style. Largest Chelsea unit in the complex Wonderful […]

2009 Midtown Direct Parking Rates

Commuting in 2009 to NYC, Hoboken or Jersey City via the Midtown Direct Train from South Orange, Maplewood, Millburn, Short Hills, Summit, Chatham, Madison, Glen Ridge or Montclair?  Or do you need to park at a Park and Ride in West Orange or Livingston? Below are the 2009 Parking Rates for Commuters: MIDTOWN DIRECT PARKING LOTS South Orange: […]

New Jersey Mortgage Rates Plunge

Finally, some good news for New Jersey home buyers near the Midtown Direct Train line. In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% […]