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NJAR® Office Closed for Labor Day
The NJAR® office will be closed on Monday, September 6th in observance of Labor Day. NJAR® will resume regular office hours of Monday to Friday 9:00 a.m. to 5:00 p.m. on Tuesday, September 7th. NJAR® wishes everyone a safe and happy holiday weekend.
July Existing-Home Sales Fall as Expected but Prices Rise in Northeast
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of REALTORS®.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, dropped 27.2 percent in the U.S., and are 25.5 percent below July 2009.
Regionally, existing-home sales in the Northeast dropped 29.5 percent and are 30.3 percent lower than a year ago. The median price in the Northeast was $263,800, up 4.8 percent from July 2009. Read the full report.
There are still great opportunities now for buyers who weren’t able to take advantage of the tax credit. Mortgage interest rates are at record lows, home prices have firmed and there is good selection of property in most areas, so buyers with good jobs and favorable credit ratings find themselves in a fortunate position. Visit www.REALstoryNJ.com for more information.
NJARHOF Presents Fall Event
The NJAR® Housing Opportunity Foundation (NJARHOF) is getting ready to launch a new website as part of its Helping Hands Towards Homeownership program at www.HandsThatHelpNJ.com. NJARHOF is a 501 (c) (3) charitable organization that seeks to create greater homeownership opportunities for New Jersey residents. The website will contain information about the following upcoming event:
FREE Financial Literacy Workshops
NJARHOF, along with the Burlington Camden County Association of REALTORS® and TD Bank, is presenting this two-part seminar on October 5 and October 12, 2010 at the Willingboro Library at 220 Willingboro Parkway, Willingboro, N.J.
from 6:00 - 8:00 p.m. both evenings. Featured speakers, Stephanie Bittner from Consumer Credit Counseling Services (CCCS) of the Delaware Valley and Mildred Yambo from TD Bank, will discuss the basics of establishing and maintaining credit, loan information and more. The workshops are free to the public and REALTORS® but you must register to save your space. If you are interested please contact Melissa Decker at (732) 494-4722 or at mdecker@njar.com.
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