Obama signs bill assisting home buyers and Americans out of work.
President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective home buyers and additional jobless benefits to those idled by the business slump.
The White House said the law, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February to avert an economic meltdown.
Friday the government reported the jobless rate hit 10.2 percent last month, the highest since 1983.
Obama called it a "sobering number that underscores the economic challenges that lie ahead" and vowed that he will not rest until all Americans who want work can find work.
"The law provides another 14 weeks of benefits to all out-of-work people who have exhausted their benefits or will do so by the end of the year, estimated at nearly 2 million. Those in states where the jobless rate is 8.5 percent or above get an additional six weeks.
The Labor Department reported Friday that that employers shed another 190,000 jobs in October. Obama said job creation traditionally lags behind economic growth, but he acknowledged that is small comfort to those seeking work.
"So although it will take time and it will take patience, I am confident that our economy will recover," Obama said. "I'm confident that we're moving in the right direction. And I promise that I won't rest until America prospers once again."
The tax credits will be available through next June as long as the buyer signs a binding contract by the end of April.
The program is expanded to include a $6,500 credit for existing homeowners who buy a new place after living in their current residence for at least five years.
Call a professional for additional details..
Dawn Marie White
Broker-Manager e-pro
Sales & Marketing Professional
Crossroads Realty Inc
732-581-9414 Cell 732-657-1300 Office
WE SELL MORE HOMES IN OUR MARKET PLACE THAN ANY OTHER REALTOR
Do you know someone who can afford this type of lifestyle? If you do now is the time to tell them to take a look. http://107lyndhurst.blogspot.com/ This Beachfront Haven is Located on a wonderful private lane in Brick's South Mantoloking area. The builders must sacrifice this beautiful Oceanfront home and want all reasonable offers known. Call Dawn Marie White for additional details or stop by the open house on Sunday and experience living on the Jersey Shore..
Originally, there was a lot of speculation that there would be no tax credit extension. That caused some uyers to stop looking (especially in regions where closings take longer).
If the housing bill is signed as proposed this is what we would be getting..
Income levels will be raised to $125,000 for a single and $225,000 for married couples.
These buyers did not qualify for the original tax credit and therefore will benefit more people.
This could be the answer for the second tier homes over 400,000 - 600,000 whose sales have remained stagnant.
The Move up buyer may also have 6,500$ good reasons to make the move as well.
Many of the sales over the last 6 months were foreclosed properties which did not create move-up buyers. Now, more non-distressed properties will sell.
The Future
1. Interest rates are at historic lows.
However, the Fed has announced it will pull back on the purchase of mortgage-backed-securities in March. Experts believe that will drive interest rates to over 6 percent.
2. Tax Credits if you buy now.
The tax credit will expire the first half of 2010. (the house must be in contract by April 30th.)
3. Selection is fabulous now.
Howeveer as more buyers take advantage of this tax credit opportunity the less homes there will be to choose from.
For additional information call me.
Best Regards,
Dawn Marie White Broker-Manager-e-pro
Marketing & Sales Professional
Crossroads Realty Inc
732-581-9414 Cell
732-657-1300 Office
"Your Best Source For Homes at the Jersey Shore"
The New Jersey Real Estate market is on it's way to recovery. Counties like Passic, Bergen, Morris, Somerset, Union, Middlesex and Mercer are currently recovering quicker than Monmouth. These counties have inventory of 5 and 6 months indicating a reduced supply which will stabilize prices. Experts are still predicting that New Jerseys housing prices will not reach 2004-05 levels again until 2016
Current unsold inventory in Monmouth County
Total Market 10 Months
400K and under 8 Months
400K to 599K 10 Months
600K to 1M 16 Months
1M to 2.5 M 20 Months
2.5 M 77 Months
A stable non declining real estate market is indicated by a 5 to 6 month inventory supply.
Statistics provoded through the Monmouth Ocean MLS
|
Township HIG HIGHLANDS |
Units Sold 145 |
Total $ Sales 16,542,339 |
Average Sales Price $114,085 |
Med Sale Price $16,800 |
|
HOL HOLMDEL |
143 |
$64,900,669 |
$453,850 |
$385,000 |
|
HOW HOWELL |
455 |
$109,835,509 |
$241,396 |
$243,500 |
|
INT INTERLAKEN |
11 |
$5,467,550 |
$497,050 |
$530,000 |
|
KEA KEANSBURG |
109 |
$9,604,780 |
$88,117 |
$60,000 |
|
KEY KEYPORT |
84 |
$11,847,406 |
$141,040 |
$152,500 |
|
LAK LAKE COMO |
42 |
$5,058,000 |
$120,428 |
$12,850 |
|
LIT LITTLE SILVER |
66 |
$27,016,728 |
$409,344 |
$435,000 |
|
LOC LOCH ARBOUR VILLAGE |
5 |
$2,859,000 |
$571,800 |
$327,000 |
|
LON LONG BRANCH |
323 |
$56,937,966 |
$176,278 |
$31,200 |
|
MAN MANALAPAN |
424 |
$123,624,289 |
$291,566 |
$293,500 |
|
MAQ MANASQUAN |
72 |
$30,038,457 |
$417,200 |
$408,500 |
|
MAR MARLBORO |
345 |
$134,662,146 |
$390,325 |
$385,000 |
|
MAT MATAWAN |
83 |
$17,519,654 |
$211,080 |
$250,000 |
|
MID MIDDLETOWN |
527 |
$153,370,847 |
$291,026 |
$293,900 |
|
MIL MILLSTONE(MON) |
57 |
$26,144,976 |
$458,683 |
$510,000 |
|
MON MONMOUTH BEACH |
109 |
$27,513,187 |
$252,414 |
$28,800 |
|
NEP NEPTUNE CITY |
35 |
$5,638,995 |
$161,114 |
$215,000 |
|
NPT NEPTUNE TWP |
231 |
$62,860,190 |
$272,122 |
$252,500 |
|
OCE OCEAN(MON) |
218 |
$56,367,506 |
$258,566 |
$280,450 |
|
OCP OCEANPORT |
42 |
$11,339,900 |
$269,997 |
$270,000 |
|
RED RED BANK |
179 |
$24,112,910 |
$134,708 |
$24,000 |
|
ROO ROOSEVELT |
6 |
$1,203,425 |
$200,570 |
$187,500 |
|
RUM RUMSON |
94 |
$60,547,800 |
$644,125 |
$487,500 |
|
SEA SEA BRIGHT |
95 |
$14,847,234 |
$156,286 |
$18,000 |
|
SEG SEA GIRT |
54 |
$28,467,582 |
$527,177 |
$33,750 |
|
SHB SHREWSBURY BORO |
41 |
$12,393,000 |
$302,268 |
$349,000 |
|
SHR SHREWSBURY TWP |
10 |
$855,900 |
$85,590 |
$99,500 |
|
SPH SPRING LK HEIGHTS |
65 |
$11,916,359 |
$183,328 |
$19,000 |
|
SPR SPRING LAKE |
103 |
$64,052,269 |
$621,866 |
$31,800 |
|
TIN TINTON FALLS |
212 |
$49,280,290 |
$232,454 |
$256,500 |
|
UNI UNION BEACH |
61 |
$12,435,585 |
$203,862 |
$230,000 |
|
UPF UPPER FREEHOLD |
31 |
$13,021,000 |
$420,032 |
$415,000 |
|
WAL WALL |
216 |
$65,915,449 |
$305,164 |
$319,750 |
|
WLB WEST LONG BRANCH |
68 |
$12,113,250 |
$178,136 |
$28,475 |
Broker-Regional Manager
Sales & Marketing Professional
732-657-1300 Office dawnmariewhite@gmail.com
732-581-9414 Cell www.njwaterfront.com
Ocean County closed sales 01/01/2009 through 09/30/2009
According to industry experts as of September 2009 the following months of inventory remain unsold.
Total Ocean County Market 10 months
400K or less 8 months
400K-599K 19 Months
600K to 1 Million 20 Months
1m to 2.5m 24 Months
2.5 Million 44 Months
A normal real estate market is reflected when we have a 5 to 6 month supply of inventory.
Monmouth Ocean MLS (Closed sales the first 3 quarters of 2009)
|
Township BAR BARNEGAT |
Transactions 177 |
Total Dollar Volume $37,128,205 |
Average Sale Price $209,763 |
Medium Sale Price $217,000 |
|
BAY BAY HEAD |
18 |
$8,730,100 |
$485,005 |
$161,400 |
|
BEA BEACH HAVEN |
4 |
$4,632,000 |
$1,158,000 |
$972,500 |
|
BER BERKELEY |
647 |
$96,893,758 |
$149,758 |
$125,000 |
|
BEW BEACHWOOD |
65 |
$14,328,350 |
$220,436 |
$230,000 |
|
BRK BRICK |
785 |
$178,593,378 |
$227,507 |
$200,000 |
|
EAG EAGLESWOOD |
7 |
$1,008,300 |
$144,042 |
$120,000 |
|
HAR HARVEY CEDARS |
1 |
$1,700,000 |
$1,700,000 |
$1,700,000 |
|
ISL ISLAND HEIGHTS |
10 |
$2,414,250 |
$241,425 |
$193,500 |
|
JAC JACKSON |
448 |
$114,240,144 |
$255,000 |
$260,000 |
|
LAC LACEY |
312 |
$68,615,945 |
$219,922 |
$225,000 |
|
LAV LAVALLETTE BORO |
30 |
$25,787,150 |
$859,571 |
$757,250 |
|
LEH LITTLE EGG HARBOR |
83 |
$15,730,535 |
$189,524 |
$195,000 |
|
LKH LAKEHURST |
15 |
$1,328,510 |
$88,567 |
$14,400 |
|
LKW LAKEWOOD |
440 |
$80,483,386 |
$182,916 |
$165,000 |
|
LNG LONG BEACH |
4 |
$2,703,000 |
$675,750 |
$711,500 |
|
MAC MANCHESTER |
565 |
$65,456,085 |
$115,851 |
$89,000 |
|
MAK MANTOLOKING |
13 |
$25,919,533 |
$1,993,810 |
$2,225,000 |
|
OCG OCEAN GATE |
31 |
$4,688,234 |
$151,233 |
$151,000 |
|
OCN OCEAN(OCN) |
92 |
$17,183,405 |
$186,776 |
$191,450 |
|
PIN PINE BEACH |
14 |
$4,083,700 |
$291,692 |
$247,450 |
|
PLU PLUMSTED |
43 |
$7,425,775 |
$172,692 |
$220,000 |
|
PPB POINT PLEASANT BEACH |
88 |
$30,241,302 |
$343,651 |
$350,000 |
|
PTP POINT PLEASANT |
196 |
$59,599,187 |
$304,077 |
$289,500 |
|
SEH SEASIDE HEIGHTS |
42 |
$11,172,160 |
$266,003 |
$231,500 |
|
SEP SEASIDE PARK |
20 |
$10,293,000 |
$514,650 |
$430,000 |
|
SHI SHIP BOTTOM |
5 |
$2,632,500 |
$526,500 |
$525,000 |
|
STA STAFFORD |
219 |
$55,632,727 |
$254,030 |
$254,900 |
|
STO SOUTH TOMS RIVER |
28 |
$4,202,350 |
$150,083 |
$181,000 |
|
SUR SURF CITY |
5 |
$1,552,550 |
$310,510 |
$450,000 |
|
TOM TOMS RIVER TWP |
899 |
$237,114,594 |
$263,753 |
$246,000 |
|
TUC TUCKERTON |
17 |
$2,526,425 |
$148,613 |
$150,000 |
|
TOTALS |
5323 |
$1,194,040,538 |
$224,317 |
$200,000 |
Broker-Manager Sales & Marketing Professional
Office 732-657-1300 dawnmariewhite@gmail.com
Cell 732-581-9414 www.njwaterfront.com
 |
|
|
Broker- Manager for Crossroads Realty. Excellence says it all! Dawn's Knowledge is a most valuable asset when selling or buying Real Estate. Visit www.njwaterfront.com Search New Jersey Shore Real Est
Specializing in Distinctive Properties, Vacant Land, New Construction, and Residential Resale's Dawn is a skilled professional & business woman for more then 17 years. Dawn Marie has been involved in many stages of real estate & development including residential & commercial sales. With more than 10 years of experience in the construction management industry, Dawn is versed in land acquisition, planning, zoning, infrastructure, variance applications, resolution compliance, DEP & CAFRA and Pinelands compliance.
Dawn is a skilled negotiator, broker-sales manager for Crossroads Realty, Dawn Marie uses her experience, to guide her clients though the selling and buying process with the highest levels of focus on marketing, & customer service. Dawn is a hand's on manager who excels at educating and motivating agents to reach for their highest levels of success in an ever changing industry.
A Personal Message
Crossroads Realty is an internet marketing focused company, I utilize the companies marketing strategy and compliment it with additional on-line marketing techniques.I take an approach that concentrates on providing professional real estate services to the customer, identifying their desires and then meeting their individual needs. One on one we will discuss your needs whether you want to buy a new home, or market your existing home. It's an integrated approach that permeates all parts of the sale or purchase: marketing, sales, service, finance, legal etc. From contract to closing I work to ensure that lifelong relationships are forged.Today's Real Estate environment is both challenging and exciting. As companies and sales professionals fight to outperform each other by better anticipating and satisfying the consumer's needs, Crossroads Realty and I are committed to establishing progressive marketing techniques ensuring the consumer's needs are met now and in the future
Press Release:
Local Broker-Sales Manager Earns REALTOR e-PRO® Certification
June 6, 2008 Dawn Marie White of Crossroads Realty Inc has successfully completed the REALTOR e-PRO course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of REALTORS.®
The REALTOR e-PROÒ certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a home.
With more than 70% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the demands of today's buyer and seller.
"The real estate industry has undergone a fundamental change over the past several years," said Dawn Marie White of Crossroads Realty Inc. "A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public."
The exclusive REALTOR e-PROÒ certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORSÒ stay at the leading edge of technology and identify, evaluate and implement new Internet business models.
Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®. The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.
VISIT MY WEB-SITE AT WWW.NJWATERFRONT.COM To view all availble homes in Ocean & Monmouth Counties
Evaluate Your Home Now! What Is Your Home Worth?
Single Family Home Search ~ Ocean County Waterfront Homes ~ Monmouth County Waterfront Homes ~ Commercial Properties ~ Helpful Videos~ Listing Video tour
Crossroads Realty is one of the top independently owned and operated real estate firms in New Jersey.
Established more than 40 years ago, Crossroads Realty is a family owned company with 15 offices, selling more homes than any other Realtor in our marketplace. Over the years Crossroads has developed the following divisions to help our customers make informed real estate decisions: a Distinctive Properties Division, an in house mortgage company-Home Capital Network, a Commercial Properties Division and Comprehensive Relocation Services, which along with our state of the art website, allows customers to compare all available listings throughout our markets. Crossroads is also uniquely positioned to service those customers who are thinking of retiring to this area, our Active Adult Community Division sells more adult community homes than all other companies in our marketplace combined.
At Crossroads, we have been proud over the years to put our knowledge and expertise to work for the benefit of all of our customers, whether they were first time home buyers, long time residents looking to expand their homes as their families grew, luxury home buyers who were finally ready for their dream house or people looking to redefine their lifestyles by joining one of Ocean County's Active Adult Communities.
Crossroads Realty has based our business on integrity, dedication and experience and we look forward to carrying on our traditions in the future.
www.crossroadsrealtynj.com
......Thank you for looking out for our best interests. Your the best. Mrs. C
......You have been a great confidant throughout this whole sale. Your willingness to work through all of the difficulties and make our transition easier will never be forgotten. Good luck we know we will see you again next summer and we have a few referrals coming. Mr. & Mrs. P
.......Dawn, my moms property would have been much more difficult to sell if it was not for you and all of the knowledge you have. Thanks, Ken G
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