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The richest town in each of New Jersey’s 21 counties

Written on August 1, 2017 at 12:13 pm

When we usually have a “wealthiest towns” list, we usually rank all of the towns and municipalities in the state to come up with our top 20. While it is a legitimate way to figure out where wealth is concentrated in the state, we do tend to miss the wealthy municipalities within a county. Where is  Read More Read More...

Why Even Optimistic Homebuyers Don’t Touch Their Home Equity

Written on February 16, 2017 at 5:41 pm

Home equity keeps rising as home equity loan debt falls, but memories of the housing crisis still keep homeowners from borrowing against their homes. You may like the idea of owning your own home, but you still aren’t all that comfortable with spending the equity you’ve built in it. Roughly 59 million American adults (one  Read More Read More...

Housing Gains Highlight Economic Divide

Written on December 30, 2016 at 9:16 am

Coastal areas see home values surge while rural regions miss out on the boom.  The volatile housing market of the past 15 years is widening the divide between pricey urban and coastal areas and more affordable inland regions, creating large swaths of winners and losers based largely on geography.  Read more.  (Source: Wall St. Journal,  Read More Read More...

Here’s why economists can’t agree on 2017 housing predictions

Written on December 29, 2016 at 10:47 am

Housing will pick up to its fastest pace ever in 2017. No wait, it will see a slowdown due to affordability constraints. No, that’s not right, affordability is at its best point in years.  Are you having trouble keeping up with all the forecasts for 2017, or wondering which forecast is the most accurate? It’s  Read More Read More...

What the Heck’s going on with Foreclosures? Why this Spike?

Written on November 15, 2016 at 9:49 am

Foreclosures suddenly spike most since the last Housing Bust The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been at the lowest level since 2006. It was the biggest jump in monthly foreclosure filings since August 2007. Read more. (By Wolf Richter • November 10, 2016) Read More...

Mercer County Clerk’s Office Relocating

Written on January 7, 2016 at 6:13 pm

Please note the new address for the Mercer County Clerk, effective January 19th. They are relocating to 240 West State Street, 6th floor Trenton, NJ 08608 (old Capital Plaza Hotel).   Mercer County Clerk moving notice January 2016 Read More...

Challenges Loom for Real Estate Industry, NAR Report Finds

Written on May 26, 2015 at 5:17 pm

The real estate sector faces a host of challenges that will require professionals in all facets of the industry to become more adaptable and agile in the coming years in order to remain relevant and competitive, according to a newly released report commissioned by the National Association of REALTORS®. Concern about the erosion of the importance  Read More Read More...

TILA RESPA Integration disclosure – CFPB’s Timeline Example

Written on March 23, 2015 at 8:57 am

The Consumer Financial Protection Bureau (CFPB) has created a timeline example to illustrate, in calendar form, the process and timing of disclosures for an example real estate purchase transaction under the TILA RESPA Integrated Disclosure rule that will become effective on August 1, 2015. Access CFPB document here. Read More...

Upcoming mortgage market rules highlighted by National Association of Realtors’ Director Richard Cordray

Written on January 29, 2014 at 9:45 am

” there will be big differences between last year and this year in the mortgage market, with the advent of new mortgage rules that Congress required our new agency to write against a hard statutory deadline. That was a great deal of work for us and I know it has meant a great deal of work  Read More Read More...

Qualified Mortgages: Do the Math

Written on January 9, 2014 at 9:06 pm

“You may have thought that surviving algebra meant you were done dealing with tough math problems. However, the upcoming Qualified Mortgage Rule from the Consumer Financial Protection Bureau (CFPB), which kicks in Jan. 10, 2014, has some industry participants back at the chalkboard, trying to get the numbers to add up.”  Article reprinted with permission  Read More Read More...