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About Hoboken's Empire Place

In a healthy economy, people buy roughly 6 million homes per year.

ANTONIO LLAMAS,PRE-APPROVED,MORTGAGE,NJ,NY,PA,CT: Loan Officer in Morristown, NJ

Sales of pervious occupied homes fell in June for a third straight month for a seasonally adjusted 4.77 million. The pace is lagging behind the 4.91 million homes sold last year – THE FEWEST SINCE 1997.

New home sales also declined in June and are trailing last year sales, which were the worst on records dating back nearly ½ century.

On the up side:

The average rate on a 15-20-30 year fixed mortgage has fallen to its lowest level in decades.