Highly regarded housing consultant. John Burns Real Estate Consulting, 
recently released a survey of home builders regarding the type of financing their buyers’ used. The survey states that almost 60 percent of new home buyers relied on low down-payment mortgages from the government.
20 percent of buyers used conventional financing, 7 percent got a jumbo loan and 7 percent of buyers paid cash.
Other important facts that were included in the survey was that the total of unsold finished inventory has dropped and sales are slow, particularly among builders who do not have a lot of appeal to first-time home buyers.
For more great information go to Look What $334,000 Buys You in Hoboken.
As a top Hoboken REALTOR, I can help you through the entire process of buying your first home. If you are looking for assistance in finding the perfect home in Hoboken, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.
Existing single-family home prices are down and interest rates are near historic lows. And you can’t forget about the first-time buyer $8,000 tax credit.
committee to determine whether lenders used the property boom to encourage people to buy by using deceptive tactics.
extend the current $8,000 tax credit for first-time home buyers. In addition, there will be a new $6,500 credit offered to existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years.
Location, location, location, is a big factor in determining the price of a home. But, what does that mean when the home is next door to President Barack Obama in Chicago?
available to “first-time” homebuyers who purchase a home this month.
the best method to calculate how much to sell it for is by utilizing real estate comps. This data is called “comparable sales” or “comps,” and is a big factor in determining the sale price of a particular home. Information is calculated by gathering the figures of recent sales of nearby homes. By using these figures you can determine how much a home might be worth.
Congress will extend or possibly expand the first-time home buyer tax credit.
deadline set earlier this year, the U.S. Department of the Treasury and U.S. Department of Housing and Urban Development (HUD) announced that more than 500,000 trial loan modifications are in progress under the Making Home Affordable program.
and affordably transform a space, and there’s no shortage of bold, statement-creating colors from which to choose.
Think about the following things:
A Christmas Carol – Theater DeBaun Center for Performing Arts is proud to present The Theater Company’s fourth annual production of A Christmas Carol. The show will run for two consecutive weekends on December 12 & 19, 2008 at 8pm and December 13, 14, 20 & 21, 2008 at 3pm. A Christmas Carol is the story of an old, bitter miser—Ebenezer Scrooge—and the chance for his redemption through the visitation of three timely ghosts and a partner from the past who learned his lesson too late. With traditional carols and English folk tunes creating the proper atmosphere, the world of Scrooge, Tiny Tim and old England comes alive, igniting the holiday spirit for young and old alike. 
does not reflect the clutter of the room. Above eye level is best. If high wall placement is impossible, lean the mirror on a shelf or mantel so that it tips upward slightly. If the mirror is hung too low and reflects the contents of the room, it will make the room look smaller.
Magnificent 2100 sqft three bedroom, two-and-a-half bath duplex designed for grand city living and entertaining. Custom designed gourmet eat-in-kitchen has direct access to your wonderful terrace with gas, electric and water service. This masterpiece is complete with Thermador, Sub-Zero and Meile appliances and is created with the finest of materials. Dramatic formal dining room and large living room each have their own wood-burning fireplaces. Access to the terrace is also available from the dining room. A tasteful powder room finishes off your first floor. Santos Mahogany wood graces the floors of your home and is used to create the lovely staircase to your living quarters. Upstairs youll find your stunning master bedroom / bathroom retreat, 2 generous sized additional bedrooms and lovely second full bathroom. Master bedroom has soaring 11ft ceilings, large walk-in closet, additional double door closet, a spacious master bath and a wonderful private terrace. Every fixture and detail in your master bath is a work of art in its own right. Double Waterworks sinks, stone counters and tiles, grand whirlpool tub and an immense walk-in dual headed steam shower adorn the suite and evoke a relaxing experience thats sure to be enjoyed time and time again. There is also excellent storage, central air/heat, central vacuum, security system and of course a washer/dryer. Located in the heart of Hoboken where you will want for nothing and enjoy everything!
from a buyer’s perspective.
out the company, get references from people and even check out the facilities. 
price too high. In today’s down market homeowners need to price conservatively or they risk turning off potential buyers. Figuring out how to set the price is tricky. Gone are the days when you can expect to sell your home for as much as your neighbor did just six months ago.. So rather than looking at how much homes in your area sold for six to 12 months ago, compare prices for similar properties currently on the market. If you see a listing for a house that’s sitting unsold for a few months, chances are the owners are asking too much and you’ll want to set your price lower.
enjoy classic literature or pick up a new magazine?
reason is a foreclosure. Any situation that has caused a property owner to have difficulty making mortgage payments is said to be in a distressed state; basically, any property which has foreclosure looming can be defined as a distressed property.
away from Manhattan, 
This is the best way to end up forced to vacate your home by law enforcement. Take this matter very seriously and work to resolve the problem very quickly. Please keep track of all correspondence you receive for future reference. Do not vacate your home. You may not qualify for foreclosure help if the house is vacant. If your home is proved vacant, it can be easily seized.
last week and readied a new $75 billion foreclosure rescue for legions of Americans who are in danger of losing their homes.
financially. Be honest with yourself about what you spend and what you can afford for a home. Simply take a look at the number of home foreclosures nationwide this week to give you the incentive to find your comfort zone of monthly repayment.
of the purchase price of the home–although it’s capped at $8,000–and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have to be repaid.
and veterinary care than we do on consumer staples like beer, ice cream, cosmetics and golf–some $36 billion annually. The combined total of cats and dogs in the U.S. is estimated at 163 million, or more than one for every two people. 
possibility of foreclosure I am sure you are getting letters from many different sources telling you they want to help you. It can be very confusing so you need to be aware of the scams that have come to light. Following are two scenarios that have been given to take advantage of people who are about to lose their home.
what you’ll really need, read through the following list for some helpful tips.
best one you can afford. Next to a bed, it will be your most important upholstered piece. Don’t settle for anything less than a solid hardwood frame and 8-way hand-tied springs and attractive, durable fabric. Loose-backed cushions look casual while tight-backed sofas require less maintenance. You won’t have to keep adjusting and straightening the pillows. You’ll have to select length, arm shape, skirt or no skirt, how many cushions, plain or patterned fabric, down or synthetic cushions.
mortgages plunged to their lowest levels since January and are poised to fall further after the Federal Reserve launched a new effort to prop up the housing market. 
is too low for the neighborhood, ask your agent to call the listing agent to find out if the home is a short sale.
If a seller owes $160,000 on the first and $40,000 on the second, offering $160,000 leaves nothing for the second. The first will need to give something
at which the property in foreclosure is sold at public auction to the highest bidder. The sale is conducted by a court-appointed referee. The referee begins the sale by reading aloud the Terms of Sale; the Terms of Sale is the document that acts as the contract of sale between the referee and the high bidder and sets forth the rights, responsibilities and obligations of both the referee and the high bidder. Once the referee has read the Terms of Sale, the referee begins to accept bids for the property. The foreclosing mortgage holder (the “Mortgagee”) usually has an “upset price” which is the minimum amount it will accept in satisfaction of the mortgage debt. If the highest amount bid is less than the upset price, the Mortgagee will usually be the high bidder and take title to the property. If, however, the highest amount bid exceeds the upset price, the property will generally be sold to the highest bidder.
purchase price be paid and the sale completed within thirty days from the date of sale. It is within the referee’s discretion whether to grant an extension of time to allow the high bidder to complete the sale. If the referee grants an extension of time, the high bidder will be required to pay interest on the bid from the original scheduled closing date through the actual closing date.
you with detail. Many informative websites have short, sharp home-buying tips that sacrifice depth and introduce pop-up invitations to apply for mortgages, credit reports, or real estate listings.
If you are in the process of purchasing your first home, do yourself a favor by doing basic research to ensure that you understand everything that is happening around you.
and Stability Plan, is an effort to overcome what Obama called “a crisis unlike we’ve ever known.”
would lower your interest rate and not reduce the amount owed. However, the government will provide incentive payments to borrowers that make timely payments on modified loans. Borrowers who pay on time for five years can have up to $5,000 applied to reduce their debt by the end of the period.
You can’t just hang a mirror anywhere. It needs to be placed in a spot where don’t see your reflection most of the time to help create the illusion of space.
above its competitors. Unfortunately, there are not many low down payment programs available. But, thanks to FHA who has come to the rescue of American homeowners, low down payment options are still available.
in the next three years, with nearly 1 in 10 mortgage holders either delinquent or in foreclosure. Following are facts about foreclosure we all need to be aware of:
that Hoboken is the home of
When implemented holistically, these strategies serve to preserve our
as high as 105%.