Gilbert Lopez

REALTOR Associate

Middlesex County Regional Sales Center

3 Amboy Avenue

Metuchen, NJ08840

Main: 732-494-7677 Office: 732-494-7677 ext 417
Cell: 908-510-0639 Fax: 732-494-7955
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Existing Home Sales Down in January 2010 but Higher Than Year Ago

The folloiwng was summarized from a March 4 article in Risemedia: Nationally, January existing homes sales are down 7.2% from December 2009 but are still 11.5% above January 2009 levels.   Lawrence Yun, NAR chief economist, said there is still some delay between shopping and closing that affected current sales. “Most of the completed deals in January were based on contracts in ...

NJ Home Prices Have Bottomed Out

N.J. real estate prices headed up Monday, January 11, 2010 BY KATHLEEN LYNN The Record STAFF WRITER New Jersey home prices have bottomed out and will rise about 2 percent this year, real estate appraiser Jeffrey Otteau predicted Monday. “While things will get better from here, they’re going to get better at a slow, steady and sustained pace,” Otteau said. Otteau is based in ...

Trying For A Comeback: New Jersey Housing Market in 2010

NEW JERSEY'S HOUSING MKT IN 2010 After putting the nation's economy through the spin cycle, the real estate market this year could take a break.Home prices look as if they’ve reached their lowest points, and people are starting to take deep breaths and buy again. It’s beneficial, too, that the federal government has helped keep mortgage rates down, in the 5 percent range, and Congress ...

New Jersey Home Prices

The attached link is for a NY Times article (Oct 25, '09) that highlights the findings of Jeffrey Otteau of the Otteau Valuation Group.  His data suggests that "a ground is beginning to form in terms of prices".  Please click on the link to read more.   Puzzling Over Home Prices

Pending Home Sales Rise for Records 8 Straight Months

Pending home sales rose for a record eight stright months which is the longest streak since this index was first measured in 2001!  This is a forward looking indicator based on the number of contracts signed in September 2009.  It rose 6.1% over August '09 and 21.2% over September 2008!!!  For more information please click on the following link:  Pending Home Sales Rise

TEN QUESTIONS ON THE VOLATILE HOUSING MARKET

"The U.S. housing market has been in a slump for the past four years. When will it ever end?...In recent years, real estate has proven as jittery and unreliable as any other market…Here is a guide (published in the Nov 17 2009 edition of the Wall St Journal) to navigating a fractured and volatile market"  see below link 10 Questions on Volatile Housing Mkt

BREAKING NEWS: SENATE PLANS TO EXTEND AND EXPAND 1ST TIME HOME BUYERS TAX CREDIT

The plan being considered would allow $6,500 for existing home owners and raise the qualifying income limits.  Please click on the attached link for more information. EXPANSION OF 1ST TIME HOME BUYERS TAX CREDIT

A Teriffic Tr-Level Townhome with Water Views

Check out this new listing.  It is in very good condition and is priced to sell.  the owner wants a quick closing!

USA Today Ranked Edison as #10 in the List of Americas Best Places To Grow Up

The following is an excerpt from the Aug 19 2009 acticle: "Working parents in Edison, N.J., can take advantage of the township's expansive after-school programs, which expose youngsters to a host of activities, including magic, piano , cooking, and arts and crafts. More than 30 area parks have facilities for tennis, basketball, soccer, and other sports. At the same time, this community of about 100,000 ...

June New Home Sales Increase 11% Over May

Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0 percent (±13.2%)* above the revised May rate of 346,000, but is 21.3 percent (±11.4%) below the June 2008 estimate of 488,000. The median sales price ...
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