“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Burlington County, NJ

Quote of the Day

Karl Peidl - Accredited Loan Consultant: Loan Officer in Moorestown, NJ

"Talent wins games, but teamwork and intelligence wins championships."

- Michael Jordan

Hall of Fame basketball player

Medford Real Estate!

02-08-10
Janet Larsen
Janet Larsen: Real Estate Agent in Sicklerville, NJ

Choose the right Realtor when seaching for homes! Janet Larsen is a full time top producing agent in Burlington, Camden and Gloucester County and has access to not only the local MLS but properties that are for sale before they come onto the market and post to Realtor.com.

It is essential to find an experienced agent that can negotiate and work for YOU on your behalf. Even in a tough real estate market, Janet has consistently been recognized by the NJ Association of Realtors and received the Circle of Excellence Award for 7 consecutive years as well as ranking in the top 50 in the State of all 3,600 Remax Agents.

Go ahead and talk to other Realtors, then call Janet Larsen and work exclusively with her to see any home out there. You will see, feel and know the difference!

www.njrealtorjan.com

Email Janet at njrealtorjan@comcast.net

The Mortgage Market Week Ahead

Karl Peidl - Accredited Loan Consultant: Loan Officer in Moorestown, NJ

The Mortgage Market AdvisoryTM

The Week of February 8, 2010

Provided by Karl Peidl

Last week was another good positive one for mortgage pricing as we picked up about another .250 in pricing improvement. The stock market was very volatile, but by the end of the week stocks were only slightly down after a negative start in January. Overall, stocks are down about 7% since the most recent high just a few weeks ago, which has been positive for bonds and mortgage pricing.

The Week Ahead:

This week brings us the release of only three relevant economic data points, but we will have three Treasury note auctions to contend with as well. Given the current defensive sentiment, experts are expecting the auctions to go well - which would be bullish and supportive of current mortgage pricing.

Overall this week, look for the Treasury Auctions (Tues-Thurs), along with the Retail Sales and Weekly Jobless claims reports to be the most impactful to mortgage bonds and pricing. Also keep an eye on the stock markets. If stocks continue to retreat and sell-off, this would be generally good for bonds and mortgage pricing. If, however, a correction has been made and stocks start to trend back upwards, this would be generally negative for mortgage pricing.

Monday:
No reports or bond auctions.

Tuesday: We will get a view of the level of Wholesale inventories in the morning, but more importantly we will get the 3-year Note Au ction at 1:00 ET which could be impactful to mortgage pricing that day.

Wednesday: We will get a view of the US Trade Balance in the morning, but the 10-year Note Auction at 1:00 ET will be watched very closely by bond traders. This auction, along with the Thursday auction, could be expected to be the most impactful for mortgage pricing this week.

Thursday: We will get a very important report of the week in the morning for the January reading of retail sales. Retail sales are being watched very closely as all eyes are on the US consumer since their spending represents two-thirds of US GDP. A strong reading would be negative for bonds and mortgage pricing, while a weaker reading would be good for mortgage rates. Also in the morning, we will get the Weekly Jobless Claims number and it can be impactful for mortgage pricing. We will also get the 30-year Note Auction at 1:00 ET and it could be very influential for mortgage pricing.

Friday: The University of Michigan Consumer Sentiment Report is issued in the morning and can often be a market mover. If consumer sentiment is stronger than expected it would be negative for mortgage bonds, while a weaker report would be positive for mortgage pricing.

Economic Calendar:

Monday, 2/8/10

No Reports or Note Auctions

Tuesday, 2/2/10

1:00 3-year Note Auction - *HIGH*

Wednesday, 2/3/10

8:30 US Trade Balance - Low

1:00 10-year Note Auction - *HIGH*

Thursday, 2/4/10

8:30 Jan. Retail Sales - *HIGH*

8:30 Weekly Jobless Claims - *HIGH*

1:00 30-year Note Auction - *HIGH*

Friday, 2/5/10

9:55 Univ. of Michigan Consumer Sentiment - *HIGH*


Mortgage Market Advisory Disclaimer



This is only our opinion and cannot be guaranteed to be in the best interest of any or all parties. This service is provided for informational purposes only and is not intended for trading purposes. None of the information provided constitutes a solicitation, offer, or recommendation by NHLA to buy or sell any security, or to provide legal, professional, tax, accounting, or investment advice. Every lender's price desk has their own strategies and reactions to market movements. Our information is simply based on market movements and does not predict or report potential pricing adjustments by particular lenders.

Copyright © 2010 National Home Loan Advocates LLC

Karl Peidl
Accredited Loan Consultant
Pleasant Valley Home Mortgage Corp.
Phone: 856-252-1224
Cell: 609-254-6687
kpeidl@pvhmconline.com
www.karlpeidl.com

Quote of the Day

Karl Peidl - Accredited Loan Consultant: Loan Officer in Moorestown, NJ

"It's ok to be scared, but don't let it dictate your actions."

- Michele Akers

U.S. Women's national soccer team - Order of Merit Winner

Burlington County NJ Homes For Sale and Market Statistics for 2009

Dave Sulvetta Camden County NJ Realtor: Real Estate Agent in Sicklerville, NJ

Burlington County NJ Homes For Sale and Residential Market Statistics for 2009

Information Gathered from TReND MLS

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Dec 2009

421

118,480,383

281,426

210

307

76,582,044

249,452

99

Nov 2009

536

145,343,528

271,163

274

371

87,368,333

235,494

102

Oct 2009

741

205,855,459

277,807

373

439

107,167,384

244,117

100

Sep 2009

785

219,574,794

279,713

414

347

83,025,066

239,265

104

Aug 2009

759

221,726,907

292,130

432

428

110,614,797

258,445

100

July 2009

855

260,092,028

304,201

408

435

109,806,081

252,427

99

June 2009

852

252,470,987

296,327

442

403

102,382,096

254,049

112

May 2009

844

255,712,959

302,977

369

337

85,010,961

252,258

101

Apr 2009

865

256,906,181

297,001

392

264

64,185,949

243,128

107

Mar 2009

887

257,759,091

290,596

348

260

59,635,522

229,367

109

Feb 2009

728

224,726,712

308,690

261

220

52,746,541

239,757

122

Jan 2009

801

226,196,570

282,392

227

198

48,845,917

246,696

100

Totals:

9074

2,644,845,599

291,475

4150

4009

987,370,691

246,288

104

Average Prices

Original List Price: $271,493

Sold Price: $246,288