interest rates: Monmouth County Market Watch - 02/28/09 09:26 AM
In January, the prospect for a strong Spring Real Estate Market is bleak as under contract properties were down by 27% from a year ago and the economic and financial crisis continue to depress home sales. The under contract properties of this January are down 48% from January 2005; however New Jersey's actual foreclosure rate in January was .02% ranking it 32nd in the nation. By comparison the national average rate is .05% more than double that in New Jersey. ON the other hand with mortgage rates dropping in the last couple of weeks,there may be a gentle 'Spring Surge' in … (0 comments)

 

Gloria Benaroch

CRS,SRES, e-Pro

Rumson, NJ

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Coldwell Banker

Address: 17 W. River Road, Rumson, NJ, 07760

Mobile: (732) 245-4031

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