Is the Pendulum Swinging?

December 2, 2009 by Monica McNamara · Leave a Comment 

According to the National Association of REALTORS (NAR), we have seen pending home sales rise for the ninth month in a row now.  The Pending Home Sale Index is an indicator that looks forward based upon properties that were put under contract (or pending) the month previously. In this case it would be for October [...]

Great News For Property Buyers

November 10, 2009 by Monica McNamara · Leave a Comment 

Homebuyer Tax Credit Update!
On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time.
TAX CREDIT OVERVIEW
Who Gets What?
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who [...]

I Support The Senate Bill To Extend First-Time Homebuyer Tax Credit

September 22, 2009 by Monica McNamara · Leave a Comment 

I am very pleased to see the parent company that I work with supporting this legislation. The proposed extension for this tax credit will serve to further enhance the recovery of the real estate market, in addition to being a wonderful incentive to many Americans to experience the joys of home ownership.

PARSIPPANY, N.J., September [...]

Buyers Are Back

August 4, 2009 by Monica McNamara · Leave a Comment 

Homebuyers are back! After a cold spell through fall, winter and spring,  buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result?  An increase in sales of existing homes/condominiums for the last two months.  Savvy sellers who are positioning their prices for the market are the beneficiaries [...]