I was reading a report and it was mentioning the states most effected by foreclosure and the were rambling off things like 1 out of 84 homes in Las Vegas was FORECLOSED ON!!! This being said people need to realize that these are actually old statistics. It takes in NJ around 1 year to 2 years of not paying your mortgage before the sheriff comes knocking on your door. In another 2 years I believe that these stats will not change . Id like to see how many LIZ PENDENS are filed every month....now that's a real time statistic. The stuff the media is reporting on relates to people who started having hard times a long time ago and were eventually foreclosed on. People should take into account that so are many people who stopped paying their mortgage this month and we won't see a report on tha... 09/18/2010

How's the real estate market in Toms River, NJ, this week? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines over the last few weeks, sales of Single Family Homes in Toms River continue to surpass our neighbors! It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates. This week; new listings DID NOT outpace the number of homes absorbed (sold)! We will need to keep our eyes on this to see if a trend develops...otherwise, the market will continue to favor the buyer and this "Extreme Buyer's Market" will be here a while. Let's take a look at ALL of the Toms River zip codes which includes South Toms River, Holiday City Berkeley and Pine Lake Park (Note; Altos Research does not distinguish between S... 09/13/2010

   What is there to say about last week? Well on Tuesday it started off great and was all a down hill blood bath in the Mortgage markets for the rest of the week. with a few numbers that came in a bit stronger than expected and lack luster auctions we saw Fannies lose 23/32nds by the close on Friday which was the worst weekly loss we have seen in months. This will reflect in higher mortgage rates when the weekly number is released on Thursday. This week will tell us if the 60 year low in rates is over, or if we will see a little rebound in the credit markets. Here is what we have on the calendar: MondaySeptember 13: No news day and in the absence of any news we have a strange combo, stocks and Mortgages are both trading in positive territory, at mid day we had fannies up 11/32nds and st... 09/13/2010

Dang, I am LATE!  Sorry but this week seems to have gotten away from me.  Holidays and vacations always seem to dump a little extra on you, don't they? Last week started off great and ended up tossing away most of the earlier gains with some stronger than expected reports. by the end of the week Fannies were only up 2/32nds which pretty much is an "unchanged" after a bumpy couple of ups and downs for the week. This week started off great with a big gain on Tuesday, but there isnt a single smoking gun to look for in the calendar. Here is what we have in store for the week: Monday September 6: Another burger, another beer, and the markets were closed TuesdaySeptember 7: Auction #1 of the week with $34 Billion in 3 year notes, This auction went of as anticipated with strong participation a... 09/08/2010

"Don't gain the world and lose your soul, Wisdom is better than silver and gold." - Bob Marley   Live along this guide line and everything should be ok. Its easy to get wrapped up in the Real estate game but as Realtors don't forget your ethical responsibility and as a human being always be kind to your brothers and sisters.   BIG UP TO EVERYONE on Labor Day. I hope no one works today and for those of you that are may you be blessed and reap what you soe!!!!!!!!! 09/06/2010

How's the real estate market in Toms River, NJ, for the week of August 27th, 2010? As the saying goes, "All real estate is LOCAL" and despite the dismal headlines last week, sales of Single Family Homes in Toms River continue to surpass our neighbors! It is still a phenomenal "Buyer's Market" with an abundance of inventory, low home prices and record low mortgage rates. As long as new listings continue to outpace the number of homes absorbed (sold), the market will favor the buyer and it looks as if this "Extreme Buyer's Market" will be here a while. Let's take a look at ALL of the Toms River zip codes which includes South Toms River, Holiday City Berkeley and Pine Lake Park (Note; Altos Research does not distinguish between Single Family Homes and Adult Communities): Frames not support... 08/30/2010

   Last week spent most of the week FIRMLY in positive territory only to see most of the weeks gains washed away by a sell off on Friday. By time the dust settled at the end of the week Fannies managed to hold onto meager gains of 6/32nds. This week begins a new month and with a new month comes some fresh data. To further confuse things this fresh data comes ahead of a holiday weekend.  Here is this week's calendar: MondayAugust 30: July personal income expected +0.3% Spending +0.3% and PCE+0.1%. The true numbers ended up with Income +0.2% spending up 0.4% and PCE in line at +0.1%. This news was taken well by the credit markets at least, and we saw a big gain on the day of 18/32nds. Tuesday August 31: August Consumer Confidence expected 50.5%. The Fed and the markets are more concerned ... 08/30/2010

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Looking to buy or sell a home? Get 2 for the price of 1. My wife, Fiona, and i are full time Realtors. we can help people all over the world no matter what the motivation for buying or selling is we have over 10 years of combined full time real estate sales experiance and are looking to service people they are looking to sell a home or business or looking to buy a sweet deal we can help. Looking at forclosure...we are shortsale specialists. I grew up on the water in NY & NJ and Fiona has lived around the world. Together we make a great team and hope to gain your trust to charge us with the responsibility of representing you in your next real estate transaction or if you just have some questions;we will be happy to get you the right answer. Anthony "Tony" Barone Broker Associate Fiona Ba... 08/24/2010

   Over all Rates have stayed near all time lows and we can still lock in a 30yr fixed in the LOW 4's with no points for highly qualified buyers. The market did lose 7/32nds last week and if you take a peek at Freddie's weekly report, that was enough to see a noticeable pop on that weekly average, yet we are still at crazy low levels with affordable prices to match! This week has a laundry list of info and auctions for the market to digest: Monday August 23rd: Auction $1 of the week with the Treasury selling $7 Billion in 30 year bonds. These were inflation based and the auction participation was great enough to make the Mortgage market happy and we currently are trading high enough to wipe out most of last week's losses. Tuesday August 24: July Existing Home Sales expected -10%. This i... 08/23/2010

  Well I am back from vacation, Sorry I missed last week's post, but occasionally I need a break to maintain a little Sanity!  Last week bounced with a few big swings but ended up being darn close to even as the dust settled on Friday afternoon with Fannies only losing 2/32nds at the end of the week.  What does that mean? Well It truly means we are currently offering the LOWEST RATES EVER! I cant even say "mid 4's" any more. Many of our clients are locking in to rates in the Low 4's and on 15 years we have actually seen rates in the 3's! It is hard to imagine that we have fixed rates in the 3's and 4's. This week's Calendar has a handful of items to chew on, but I dont think any of them will be that scary on their own. Here is the Calendar: Monday August 16: No news day, and in the abse... 08/16/2010

  Last week was a good one for interest rates with Fannies gaining 20/32nds by the end of the week over all the excess supply in the form of the auctions went well and was absorbed and there was enough mixed signals in the economy to keep stocks week and the credit markets strong.  We are still Solidly in the mid 4's on a 30 year fixed for well qualified buyers.. What a great opportunity to buy if you are in the market for a new home! This week starts off with a brand new list of Economic data as we begin a new month, here is the calendar: Monday August 2: July Institute of Supply Management expected 54.1.  The manufacturingindex came in at 55.5, a bit better than anticipated but still slower than the previous months number. This is a bit mixed and Mortgages have been trading off for mo... 08/02/2010

  After 5 straight weeks of lower rates we finally had a week where we lost a little ground with Fannies losing 6/32nds by the end of the week. That isn't much at all and we are still locking in 30 year fixed rate mortgages in the mid 4% range for well qualified buyers. You also have to expect a little profit taking here and there since the price of a bond or mortgage has to go up for the yield to go down, so the bounces from day to day and week to week are not surprises at all.  Interest rates are a moving target and they change at least daily. This week Has a laundry list of economic data along with some excess supply in the form of 3 Treasury auctions to look forward to. Here is this weeks calendar: MondayJuly 26: June New home sales expected +6.6%. Well the actual number came in MUC... 07/26/2010

 There have been numerous blogs this week that discuss pregnancy and the inability to get a mortgage. The blogs make it seem as if banks are sending pregnancy test kits with the disclosure documents and after reading more than one blog, and the comments, I felt the need to set things straight. WE DO NOT even ask the question!!! First off this has nothing to do with pregnancy. There is nothing new here at all.  We are talking about good old fashioned mortgage guidelines that have been around for decades. We are in a Full Doc World and we need to document income and employment. Here is how Employment and Income is verified: Review pay stubs, W2's etc... If the stubs mention disability or maternity leave it is a red flag Call the employer: "Does Jane Doe work there?" This call is often mad... 07/21/2010

  Last week marked the 5th straight week in a row of improving rates with Fannies trading up 16/32nds for the week bringing interest rates down to the lowest levels I have ever seen, and probably lower than most of our parents have ever seen with 30 year fixed rates in the mid 4's. Last weeks Auctions went well and the 30 year auction actually went off better than expected. For the most part the inflation numbers were in line with expectations and retail sales were weaker than anticipated.  Keep in mind that there is not just one rate these days, and 4.5% is not available for everyone.  There is a lot that goes into individual rate quotes. Loan amount, Property, Credit Score and Value are the basics that can affect your rate, and an accurate rate quote is not possible without having at ... 07/19/2010

COMPLIMENTS OF ANTHONY BARONE-BROKER ASSOCIATE WITH RE/MAX AT BARNEGAT BAY I am sorry to say that only 2 homes have sold since March 1st 2010 in the Silver Ridge neighborhood at lower than expected prices!!!!!! Lets bring the values back up neighbors!!!!!!!!!! Click Photo for Additional Media and Enlargement   Status: Closed (5/28/2010) Cat:SF MLS#: 21009993md Type: Detached ListPrice: $249,900 County: Ocean ApxYrBlt: 1960 Muni: TOMS RIVER TWP ApxSqFt: 1,492 SqFt Postal 19 PINE HILL RD Rooms: 6 Address: TOMS RIVER, NJ 08755 Bedrooms: 3 Area/Sec: SILVER RIDGE Baths: 2/0 Cmplx/Sub: SILVER RDGE EST Levels: 2 ParcelID: 00533-0004-00003- Bsmt: Y LotSz/Acr: 91X110/ FP/#: N/0 ElemSch: EAST DOVER Garage: Y/1 Car MiddleSch: TR INTR SOUTH WF: N HighSch: T.R.HIGH SOUTH WV: N OthElem:   WtrTyp:   O... 07/13/2010

   Last week was a short one, and fairly quiet. We did get a bit of mixed news that caused some back and forth bounces for the week, but we still ended the week with Fannies up about 7/32nds helping to solidly keep interest rates at the lowest point in GENERATIONS... Crazy low rates today, We have been locking 30 year fixed rates for highly qualified buyers in the Mid 4's.... This week has a busy schedule of data and auctions to chew on, Here is the calendar: Monday July 12: Auction number one with the Treasury selling $35 Billion in 3 year notes. The shorter term auctions have typically been well bid and I expect that this one will be as well This should be supportive of steady rates. Ahead of the auction (which happens at 1pm) the market is trading in slightly positive territory. Tues... 07/12/2010

  MY LISTING AT 763 STEPPING STONE COURT, TOMS RIVER, NJ  - JUST SOLD!   Status: Closed  Cat:SINGLE FAMILY MLS#: 21013390md Type: Detached ListPrice: $399,900 County: Ocean ApxYrBlt: 1984 Muni: TOMS RIVER TWP ApxSqFt: 2,120 SqFt Postal 763 STEPPING STONE CT Rooms: 10 Address: TOMS RIVER, NJ 08753 Bedrooms: 4 Area/Sec: TOMS RIVER Baths: 2/1 Cmplx/Sub: HERITAGE HILLS Levels: 2 ParcelID: 00443-0033-00022 Bsmt: Y LotSz/Acr: IRR 185X165X41X161 FP/#: Y/1 ElemSch: CEDAR GROVE Garage: Y/2 Car MiddleSch: TR INTR EAST WF: N HighSch: T.R.HIGH EAST WV: N OthElem:   WtrTyp:   OthHigh:   Handicap: N: Style: Colonial   Model:     Zoning: Resident, Single F LnkdML#:   Directions: Hooper to E Bay Ave, LEFT on Indian Hill, RIGHT on Heritage, LEFT on Lenape, LEFT on Stepping Stone Court This Glendenning h... 07/11/2010

 Yes, you heard it Correctly: We have hit Record Lows for Mortgages Last week interest rates continued to improve slightly with Fannies gaining 9/32nds for the week keeping rates at historically low levels. All I can say is "WOW" every time I lock in a 30 year fixed rate in the 4's.  My advice has been to lock it in and don't look back, these are truly generational lows that we probably will not see again. The minute that the economy shows sustainable growth rates will pop like the fireworks you saw last weekend.  Last weeks "biggie was the employment report which had some mixed news. At first it looked good (which is bad for rates). The employment rate went down while the economy lost 125k jobs... digging a little you can see that people fell off the unemployment rolls and gave up look... 07/06/2010

From the Associated Press July 2, 2010 Tax credit extended for pending home sales NEW YORK -- Homebuyers worried about closing their house purchases by the tax credit cutoff can relax: The government has extended the deadline. Congress sent President Barack Obama a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The House approved the measure Tuesday, and the Senate approved it Wednesday night. Obama is expected to sign it. The legislation gives buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the original terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale. The bill allows only people who already have s... 07/06/2010