Thursday, January 28, 2010
Financial Update
I just wanted to update you on what’s going on with the FED and their recent meeting. As expected, the FOMC left overnight rates unchanged yesterday. Some of the language contained in the release, however, caused rates to move up slightly, and the stock market to improve. "Economic activity has continued to strengthen and that the deterioration in the labor market is abating. Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit. While bank lending continues to contract, financial market conditions remain supportive of economic growth." They believe that inflation is likely to be subdued for some time, and therefore expect to leave Fed Funds near 0% for "an extended period".
Marlton Recreation Spring Registration deadline
The Marlton Recreation Spring Registration deadline is only about 2 weeks away. I don' know about you, but I have forgotten about registering my kids for their sports in the past. Marlton, NJ does a great job of organizing sports, and making each child feel special and included in their sports team. My children have been playing Rec. sports since for the last 8 years and LOVE it. I highly encourage getting involved in council either by volunteering your time to coach or at the refreshment stands. Here is information and the website to visit.
Spring Sports Registrations:
Roller Hockey - Boys LAX - Girls LAX
Baseball - Softball - Spring Soccer -Track
ONLINE REGISTRATION NOW OPEN
Closes FEB 15th 2010
After Feb 15th Paper Registration Only & $25 Late Fee Applies
REGISTRATIONS LIMITED, FIRST COME, FIRST SERVED
www.marltonreccouncil.org
Spring Sports Registrations:
Roller Hockey - Boys LAX - Girls LAX
Baseball - Softball - Spring Soccer -Track
ONLINE REGISTRATION NOW OPEN
Closes FEB 15th 2010
After Feb 15th Paper Registration Only & $25 Late Fee Applies
REGISTRATIONS LIMITED, FIRST COME, FIRST SERVED
www.marltonreccouncil.org
Wednesday, January 27, 2010
Total Homes Sold in Marlton, NJ as reported by Zillow
Also, here is a graph of the Total Number of single family homes sold in the last year as reported by Zillow.
Marlton New Jersey Sale Price History
Zillow has great reports on local towns. Today, I researched Marlton, NJ. The chart below shows the sale price history for the last year for single family homes.
Tuesday, January 26, 2010
2009 National Association of Realtors Statistics
The NATIONAL ASSOCIATION OF REALTORS® surveys home buyers
and sellers annually to gather detailed information about the home
buying and selling process. These surveys provide information
on demographics, housing characteristics and the experience of
consumers in the housing market. Buyers and sellers also share
information on the role that real estate professionals play in home sales
transactions.
Financing the Home Purchase
1. Ninety-two percent of home buyers financed their recent home purchase.
2. The percentage of first-time buyers who financed 100 percent of the
purchase price with a mortgage dropped to 15 percent from 23 percent
last year.
3. Nearly half (47 percent) of home buyers reported they have made some
sacrifices such as reducing spending on luxury items, entertainment or
clothing.
4. One-fifth of first-time buyers reported their mortgage application and
approval process was somewhat more difficult than they expected, and
one-in-ten reported it was much more difficult than expected.
Home Sellers and Their Selling Experience
1. About half of home sellers traded up to a larger size and higher priced
home and slightly more than one-fifth traded down to a smaller and less
expensive home.
2. Eighty-five percent of sellers were assisted by a real estate agent when
selling their home.
3. Recent sellers typically sold their homes for 95 percent of the listing price,
and 60 percent reported they reduced the asking price at least once.
4. Forty-two percent of sellers offered incentives to attract buyers, most
often assistance with home warranty policies and closing costs.
Home Selling and Real Estate Professionals
5. Forty percent of sellers who used a real estate agent found their agents
through a referral by friends or family, and 26 percent used the agent they
worked with previously to buy or sell a home.
6. Ninety percent of sellers reported that their home was listed or advertised
on the Internet.
7. Among recent sellers who used an agent, 81 percent reported they would
definitely (59 percent) or probably (22 percent) use that real estate agent
again or recommend to others.
For-Sale-by-Owner (FSBO) Sellers
1. The share of home sellers who sold their home without the assistance of
a real estate agent was 11 percent. About half of them, 45 percent, knew
the buyer prior to home purchase.
2. The primary reason that sellers choose to sell their home without the
assistance of a real estate agent to a buyer they did not know was that
they did not want to pay a fee or commission (49 percent).
3. Nearly one-third of FSBO sellers took no action to market their home, and
57 percent did not offer any incentives to attract buyers.
4. Eighteen percent of FSBO sellers reported preparing or fixing up the home
for sale was their most difficult task, while 15 percent reported getting
the price right and an additional 15 percent reported understanding and
performing paperwork was the hardest part of selling their home.
Source: National Association of Realtors
and sellers annually to gather detailed information about the home
buying and selling process. These surveys provide information
on demographics, housing characteristics and the experience of
consumers in the housing market. Buyers and sellers also share
information on the role that real estate professionals play in home sales
transactions.
Financing the Home Purchase
1. Ninety-two percent of home buyers financed their recent home purchase.
2. The percentage of first-time buyers who financed 100 percent of the
purchase price with a mortgage dropped to 15 percent from 23 percent
last year.
3. Nearly half (47 percent) of home buyers reported they have made some
sacrifices such as reducing spending on luxury items, entertainment or
clothing.
4. One-fifth of first-time buyers reported their mortgage application and
approval process was somewhat more difficult than they expected, and
one-in-ten reported it was much more difficult than expected.
Home Sellers and Their Selling Experience
1. About half of home sellers traded up to a larger size and higher priced
home and slightly more than one-fifth traded down to a smaller and less
expensive home.
2. Eighty-five percent of sellers were assisted by a real estate agent when
selling their home.
3. Recent sellers typically sold their homes for 95 percent of the listing price,
and 60 percent reported they reduced the asking price at least once.
4. Forty-two percent of sellers offered incentives to attract buyers, most
often assistance with home warranty policies and closing costs.
Home Selling and Real Estate Professionals
5. Forty percent of sellers who used a real estate agent found their agents
through a referral by friends or family, and 26 percent used the agent they
worked with previously to buy or sell a home.
6. Ninety percent of sellers reported that their home was listed or advertised
on the Internet.
7. Among recent sellers who used an agent, 81 percent reported they would
definitely (59 percent) or probably (22 percent) use that real estate agent
again or recommend to others.
For-Sale-by-Owner (FSBO) Sellers
1. The share of home sellers who sold their home without the assistance of
a real estate agent was 11 percent. About half of them, 45 percent, knew
the buyer prior to home purchase.
2. The primary reason that sellers choose to sell their home without the
assistance of a real estate agent to a buyer they did not know was that
they did not want to pay a fee or commission (49 percent).
3. Nearly one-third of FSBO sellers took no action to market their home, and
57 percent did not offer any incentives to attract buyers.
4. Eighteen percent of FSBO sellers reported preparing or fixing up the home
for sale was their most difficult task, while 15 percent reported getting
the price right and an additional 15 percent reported understanding and
performing paperwork was the hardest part of selling their home.
Source: National Association of Realtors
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