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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 […]

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% […]

The House Burned Down 24 Hours B4 Closing!!!

Everything was in place. We were soooo close… The house had been on the market for only two weeks. It was in disrepair and a wonderful investment opportunity for my buyer clients.  The home was moments away from foreclosure in a transitioning neighborhood with growth potential. The buyers were able to pay cash for the property. […]

Essex County New Jersey Home Sales January 2008

As expected, average sales prices continue to rise in Millburn/Short Hills and Montclair with sustaining prices in the remainder of Essex County. All indications are that entry level homes ($400,000-$600,000) in these communities will benefit from falling interest rates…thus stimulating growth as we enter the key spring selling season.  To find homes for sale in […]