Parsippany, NJ

Existing-home sales continued on an upward trend in December, marking three consecutive months of rising numbers. According to a recent press release from the National Association of Realtors®, December 2011 showed a 5.0 percent increase in existing-home sales and were 3.6 percent higher than those from December 2010.

“The American dream of homeownership is alive and well. We have a large pent-up demand, and household formation is likely to return to normal as the job market steadily improves,” said NAR President Moe Veissi. “More buyers coming into the market mean additional benefits for the overall economy. When people buy homes, they stimulate a lot of related goods and services.” The information, which was released on January 20, 2012, showed the following data, based on seasonally-adjusted annual rates:

* December 2011 EHS – 4.61 million * November 2011 EHS – 4.45 million * October 2011 EHS – 4.25 million
* Total EHS inventory by the end of December 2011 – 2.38 million (Represents a 6.2 month supply based on current sales pace, down from a 7.2 month supply in November 2011)

* National median existing-home price in December 2011 - $164,500 (Down 2.5% from December 2010)

* All-cash sales in December 2011 – 31% of purchases (Up from 28% in November and up from 29% in December 2010)

The available inventory data represents the lowest level since March 2005 when there were 2.30 million homes on the market.

This data represents estimates that are based on completed transactions on single-family homes, townhomes, condominiums and co-ops. Visit www.realtor.org/research/research/ehsdata to read the full press release.

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On a side note...the AFR team was privileged to assist 926 families with their home financing needs in December, funding152 million dollars. 2011 has come and gone...What was a special year. AFR was able to assist over 8900 families with home financing. Funding over 1.47 BILLION dollars in 2011 for a new record. Congrats to all those families and to the hard working AFR team. On to a bigger and better 2012!

When we decided to sell our townhouse in Glenmont Commons, we asked Shawn and Diane Fox to interview for the job. We needed to know what was happening in the market and we wanted to learn about the process of selling our home. Several years ago, when we bought the house, Shawn and Diane were the Realtors who represented the sellers. Back then, they did a great job of marketing the home with plenty of great pictures of the place, which drew me to come and see the house. Once there, we loved it and bought it. We had a sense that Shawn and Diane could very well do this again several years later. So, we hired them. The house was on the market for only 12 days with 2 bidders in the door! With their experience, they were able to take us through the selling process, guiding us each step of the way. As we moved to sunny California before the closing date, they took care of the small repairs and final details that the house needed before the walk through. Thank you for all your help. We couldn't have hired a better team! - Marisol Flores and Jose Pennilla

148 Springhill Drive, Morris Plains, NJ
Glenmont Commons
Sold for $430,000

30 year and 15 year fixed mortgage rate averages fell to record lows according to Freddie Mac's market survey which came out earlier this morning. The 30 year average came in at 3.91% with 0.7 points. This was down 0.03% from last week's all-time low. The 15 year fixed rate average tied last week's number at 3.21% with 0.8 points. Last year at this same period the 30 year average was 4.87% and the 15 year average was 4.15%. The survey also highlighted the 5/1 treasury indexed ARM average at 2.85% with 0.6 points.

Freddie Mac's Chief economist, Frank Nothaft noted that "Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today's homebuyers are paying over $1,200 less per year on a $200,000 loan."

Below is a sampling of current interest rates from American Financial Resources listed today on Bankrate.com. Please vist Bankrate.com for the criteria used in the survey. Rates are subject to change without notice.

NJ Refinance rates from American Financial Resources*.

30 Year Mortgage Rates:
3.794% APR, 3.750% Note Rate, 0 Points, $895 Fees in APR, 30 Day Lock

20 Year Mortgage Rates:
3.750% APR, 3.750% Note Rate, 0 Points, $0 Fees in APR, 30 Day Lock

15 Year Mortgage Rates:
3.168% APR, 3.125% Note Rate, 0 Points, $495 Fees in APR, 30 Day Lock

10 Year Mortgage Rates:
3.188% APR, 3.125% Note Rate, 0 Points, $495 Fees in APR, 30 Day Lock

For more information on current mortgage pricing or to discuss home financing solutions, please contact American Financial Resources at 800-634-8616.

Company NLMS #2826

*The rates below are for: rate and term refinances, single family homes, detached properties, stick built construction, primary residences, $185-$417 loan amounts, and for consumers with 740+ credit scores.

Home for Sale By Owner in Parsippany-troy Hills Twp, NJ 07054 - Flat Fee MLS Listing $395

8 Prince Rd Parsippany-troy Hills Twp, NJ 07054 - Realtors welcome, buyer agent commission paid at MLS#2893163

3 Beds 3 Baths

Single Family Home' Utilities present: Cable TV, Garbage Service Included, Public Sewer, Public Water, Electric Service, Natural Gas.

If you are interested in this Home for Sale By Owner in Parsippany-troy Hills Twp, NJ 07054- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS#2893163 . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty.

If you have a Home for Sale in Parsippany-troy Hills Twp, NJ 07054 and would like save up to 6% commission, we can list your home on the local MLS and Realtor.com for a low flat fee of $395. For more information please read the FAQ on Home for Sale By Owner in Parsippany-troy Hills Twp, NJ 07054- Flat Fee MLS Listing. You will get the maximum exposure of the local MLS, in which thousands of local realtors will help you sell your home. You also reserve the right to sell your home by owner and pay no commission at all.

Please contact Realmart Realty for our texting special. All new orders will receive a free sign with Texting Service where buyers can get full listing details on their mobile phones instantly. Offers ends 05/30/2011, call now for more information about Homes for Sale By Owner in Parsippany-troy Hills Twp, NJ 07054- Flat Fee MLS Listing $395.

Are you buying a home in Parsippany-troy Hills Twp, NJ 07054 We will give you up to 2% of the purchase price of the property at closing if you choose to work with us. This is for all homes that are listed on the MLS. For more information, please read the Buying tips and FAQS.

Jack Yao - Realmart Realty info@realmartrealty.com, 732-727-2285

YES IT'S TRUE! The state of New Jersey allows REBATES for homebuyers. This is CASH in your pocket at the closing table. For more information on the rebate program, please read the New Jersey Law. This is not a government rebate. Please consult a tax professional about the rebate. In New Jersey commissions are negotiable.

Home for Sale By Owner in Hillsborough Twp, NJ 08844 - Flat Fee MLS Listing $395

98 S Powdermill Rd Hillsborough Twp, NJ 08844 - Realtors welcome, buyer agent commission paid at MLS#2892988

5 Beds 3Baths

Single Family Home' Hardwood floors' Swimming pool(s)' Utilities present: Cable TV, Garbage Service Included, Public Sewer, Public Water, Electric Service, Natural Gas' Laundry room' Dishwasher, Disposal, Range/Oven-Gas, Eat-In Kitchen, Pantry, Carpeting, Ceramic Tile Floor, Wood Floor, Basement Level Rooms.

If you are interested in this Home for Sale By Owner in Hillsborough Twp, NJ 08844- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS#2892988 . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty.

If you have a Home for Sale in Hillsborough Twp, NJ 08844 and would like save up to 6% commission, we can list your home on the local MLS and Realtor.com for a low flat fee of $395. For more information please read the FAQ on Home for Sale By Owner in Hillsborough Twp, NJ 08844- Flat Fee MLS Listing. You will get the maximum exposure of the local MLS, in which thousands of local realtors will help you sell your home. You also reserve the right to sell your home by owner and pay no commission at all.

Please contact Realmart Realty for our texting special. All new orders will receive a free sign with Texting Service where buyers can get full listing details on their mobile phones instantly. Offers ends 05/30/2011, call now for more information about Homes for Sale By Owner in Hillsborough Twp, NJ 08844- Flat Fee MLS Listing $395.

Are you buying a home in Hillsborough Twp, NJ 08844 We will give you up to 2% of the purchase price of the property at closing if you choose to work with us. This is for all homes that are listed on the MLS. For more information, please read the Buying tips and FAQS.

Jack Yao - Realmart Realty info@realmartrealty.com, 732-727-2285

YES IT'S TRUE! The state of New Jersey allows REBATES for homebuyers. This is CASH in your pocket at the closing table. For more information on the rebate program, please read the New Jersey Law. This is not a government rebate. Please consult a tax professional about the rebate. In New Jersey commissions are negotiable.