Most Experts Agree: There is No Housing Bubble | Keeping Current Matters

There is no doubt that home prices in the vast majority of housing markets across the country are continuing to increase on a month over month basis. The following map (based on data from the latest CoreLogic pricing report) reveals the appreciation level by state:

These increases in value have caused some to be concerned about a new price bubble forming in residential real estate. Here are quotes from many of the most respected voices in the housing industry regarding the issue:

Nick Timiraos, reporter at the Wall Street Journal:

“Predictions of a new national home price bubble look unfounded for now, according to data.”

Michael Fratantoni, Chief Economist, the Mortgage Bankers Association:

“I don’t really see it as a…

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House Hasn’t Sold Yet? Take Another Look at the Price | Keeping Current Matters

The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?

If your house hasn’t sold, it is probably the price.

If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. (See Chart)

The housing market is hot. If you are not seeing the results you want, sit down with your agent and revisit…

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GRANITEVILLE .....

This October 2015 there were 08  homes sold in Graniteville. The highest selling price was $425,000, while the lowest selling price was $260,000.   Here is a list of all the addresses sold in Graniteville this October:
  1. 31 Doreen Drive
  2. 34 Anita Street A 
  3. 50 Carol Place
  4. 443 Lisk Avenue
  5. 346 Union Avenue B
  6. 139 Amador Street
  7. 176 Jules Drive
  8. 261 Ada Drive
As of today, November  3rd, 2015, there are 17  active properties in Graniteville. The highest listing price of these properties is $510,000, while the lowest is $165,000.

Here is a list of all the addresses of the active listings in Graniteville:

  1. 430 Lisk Avenue A
  2. 424 Lisk Avenue
  3. 62 Regal Walk A 
  4. 46 Wolkoff Lane…

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FORT WADSWORTH...

This October 2015 there were  02 homes sold in Fort Wadsworth.The highest selling price was $420,000,while the lowest selling price was $275,000.

Here are  the address of two homes sold in Fort Wadsworth this October:

  1. 1070 Tompkins Avenue
  2. 1434 Bay Street

As of today, November 3rd 2015, there are 03 active properties in Fort Wadsworth.The highest listing price of these properties is $469,000,while the lowest is $349,900.

Here is a list of all the address of the active listings in Fort Wadsworth:

SHORE ACRES....

This October 2015 there were  02 homes sold in Shore Acres:.The highest selling price was $400,000,while the lowest selling price was $160,000.

Here are  the address of two homes sold…

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ELM PARK...

 

This October 2015 there were  02 homes sold in Elm Park.The highest selling price was $310,000,while the lowest selling price was $295,000.

Here are  the address of two homes sold in Elm Park this October:

  1. 274 Pulaski Avenue
  2. 85 Murdock Place

As of today, November 3rd 2015, there are 11 active properties in Elm Park.The Highest listing price of these properties is $489,000,while the lowest is $239,000.

Here is a list of all the address of the active listings in Elm Park:

  1. 2640 Richmond Terrace
  2. 150 VanPelt Avenue
  3. 43 Lake Avenue
  4. 26 Kirkland Court
  5. 67 Morningstar Road
  6. 225 Simmon Avenue
  7. 23 Rayfield Court
  8. 116 Willow Road W
  9. 83 Lake Avenue
  10. 285 Simonson Avenue
  11. 89 Lake Avenue
…

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Is Qualifying for a Mortgage Getting Easier? | Keeping Current Matters

There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first time buyers and current homeowners looking to move or buy a second vacation/retirement home. Let’s look at the three reports:

The MBA’s Mortgage Credit Availability Index

This index, issued by the Mortgage Bankers’ Association, measures the availability of credit available in the home mortgage market. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. We can see that the index has been increasing nicely this year:

Fannie…

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DONGAN HILLS COLONY...

This October 2015 there were  06 homes sold in Dongan Hills Colony.The hieghest selling price was $860,000,while the lowest selling price was $615,000.

Here are  the address of homes sold in Dongan Hills Colony this October:

  1. 54 Dellwood Road
  2. 37 Rochelle Street 
  3. 56 Chapin Avenue 2
  4. 126 Chapin Avenue 
  5. 66 Greenport Street
  6. 10 Francis Place
 

As of today, November 3rd 2015, there are 17 active properties in Dongan Hills Colony.The Highest listing price of these properties is $1,488,888,while the lowest is $459,000.

Here is a list of all the address of the active listings in Dongan Hills Colony:

  1. 224 Dutchess Avenue
  2. 6 Overlook Avenue
  3. 139 Overlook Avnue
  4. 49 Ridge Avenue
  5. 63 Overlook…

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DONGAN HILLS....

This October 2015 there were  07 homes sold in Dongan Hills.The hieghest selling price was $519,000,while the lowest selling price was $390,000.

Here are  the address of  homes sold in Dongan Hills this October:

  1. 85 Stobe Avenue
  2. 18 Jefferson
  3. 228 Stobe Avenue
  4. 191 Benton Avenue
  5. 464 Dongan Hills Avenue
  6. 298 Slater Boulevard 
  7. 350 Cromwell Avenue

As of today, November 3rd 2015, there are 26 active properties in Dongan Hills.The Highest listing price of these properties is $1,099,000,while the lowest is $99,900.

Here is a list of all the address of the active listings in Dongan Hills:

  1. 1829 Richmiond Road
  2. 36 Rome Avenue
  3. 278 Alter Avenue
  4. 213-209 Liberty Avenue
  5. 215 Raritan Avenue A
  6. 215…

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CLOVE LAKE...

This October 2015 there were  02 homes sold in Clove Lake.The highest selling price was $330,000,while the lowest selling price was $175,000.

Here are  the address of two homes sold in Clove Lake this October:

  1. 1000 Clove Road 7r
  2. 1100 Clove Road 5-E

As of today, November 3rd 2015, there are 05 active properties in Clove Lake.The Highest listing price of these properties is $789,000,while the lowest is $65,000.

Here is a list of all the address of the active listings in Clove Lake:

  1. 1000 Clove Road 2f
  2. 1000 Clove Road 6b
  3. 1100 Clove Road 3o
  4. 1173 Clove Road 
  5. 60 Greenway Drive
SUNNYSIDE...

This October 2015 only 01  home sold in Sunnyside.The  selling price was $335,000.

Here is  the…

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BULLS HEAD...

This October 2015 there were 09 homes sold in Bulls Head.The hieghest selling price was $525,000,while the lowest selling price was $280,000.

Here is a list of all the address sold in Bulls Head this October:

  1. 38 Jenniher Place
  2. 261 Lander Avenue
  3. 23 Leigh Avenue
  4. 49 Leigh Avenue
  5. 64 Lamberts Lane
  6. 21 Morgan Lane
  7. 20 Danny Court
  8.  58 Goller Place
  9. 55 Summer Avenue

As of today, November 3rd 2015, there are 14 active properties in Bulls Head.The Highest listing price of these properties is $649,900,while the lowest is $299,000.

Here is a list of all the address of the active listings in Bulls Head:

  1. 56 Holiday Way
  2. 118 Parkview Loop 
  3. 225 Signs Road K
  4. 72 Debbie Street #B
  5. 373 Signs Road F 
    6. …

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