Princeton, NJ

I hope that I am not being overly optimistic but it looks like the home shoppers are starting to come out in full force. All of a sudden my phone is jumping, my email Inbox is full of inquiries, and the Showing Desk in my office is very busy making appointments. I know that we are now moving into Our Season but could it be that the housing slump is leaving NJ?

I like to believe that buyers are anticipating a surge and they don't want to miss out on any opportunities to snap up those lovely bargain-priced homes that have been drastically reduced from original asking. We have a lot of inventory that has to be absorbed so let's keep those buyers interested and happy.

Gloria Laughton Allston,SRES Burgdorff ERA-Princeton

www.Centralnjhomes4u.com

Our portfolio true jumbo mortgage rates hold steady on some programs, and ticked up a bit on others this week in New Jersey.

Despite the Fannie Mae High Balance Loan Program being introduced, loan limits have remained at $417,000 for Fannie Mae loans in much of New Jersey(Atlantic, Salem, Mercer, Warren, Gloucester, Burlington, and Cape May Counties come to mind), and are at $625,500 in the rest of NJ. The sad truth of the Fannie Mae High Balance loan program is that the pricing is not very competitive as well.

Our true jumbo loan programs, called our Insight Program, allows for higher loan balances at extremely competitive terms! This includes loans over $417,000 regardless of the County.

Currently we have the following Jumbo Rates with 0 points as of business close on 2/13/09**:

10/1 ARM

30/15 Balloon

Call Michael Byrne at 908 531 6170 or 800-999-2489 x7972 for current rates.

30 Year Fixed

5/1 ARM, 7/1 ARM, Interest-Only Options, and shorter fixed terms available: Call for quotes

Typical minimum FICO scores of 680 to 700, depending on the program. Full Doc loans only. Subject to verification of post closing assets and full underwriting.* Jersey Shore Lovers: This program is available for second homes as well.

Currently this program is available for loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000. A one-time floatdown option will be considered, should rates drop on this program.

We also have other Jumbo and Super Jumbo Products available in the Garden State. Call for details on these ever-changing products. The Insight Program outlined above is a portfolio product and we also have many relatioships with investors who will buy jumbo loans in NJ. we recently have added another jumbo investor: details are forthcoming.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Jersey. We underwrite and fund these loans in-house.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .125% for fixed rates over 750k for 30, 10, and 15 year, .25% in rate to the 30/15 Balloon and 20 year.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2009 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

There are many reasons why we always get requests for Princeton Borough homes from buyers who are looking for homes for sale in the Princeton area . The reasons are the college town feel of the downtown Princeton where most shops, restaurants, meseums, galleries, Princeton University and princeton schools are within walking distance. Others reason Princeton Borough homes for sale are so popular is because of the lifestyle they afford combining the urban city convenience of and the quiet serenity of a small suburabn town

If you live in Princeton borough, you would most likely be able to walk to the Princeton Library, Princeton High school, and all the downtown Princeton restaurants and shops.

The commute is also very convenient. There is a train called Dinky, which goes from the Princeton University area to the main train station at Princeton Junction. Of course, Princeton Junction is just a few miles drive.

Princeton Borough is a historic college town, offering the charm of the old and the convenience of the new. With a 55 minute train commute to New York and Philadelphia it's a good choice for home buyers looking to combine the urban and suburban life style.

You can see the live feed of the Princeton Borough homes for sale:

Princeton Borough Homes For Sale

Thinking of buying or selling your house In Princeton NJ area - We can help, in particular with Princeton Borough homes for sale....
If you are considering buying or selling a home in the Princeton NJ Hopewell Princeton Junction Montgomery area…

Contact us at (609)-553-4175 for a FREE quote and to find Princeton Mortgage options and to search all Princeton Lawrenceville Princeton Junction Montgomery and Princeton homes for sale right now..

Copyright © 2009 Faina Sechzer, Princeton REALTORS and your Princeton Real Estate Consultants specializing in Princeton, Lawrenceville, Hopewell, Princeton Junction and Montgomery Real Estate.

All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.

If you are considering buying a townhouse in Princeton NJ - this is an overview of what Princeton townhouses for sale you could find in MLS.

Princeton NJ is an attractive choice for many home buyers because it offers not only single family homes but also a wide choice of condos and townhouses. Princeton townhouses could be found in many neighborhoods and many price ranges.

The first time home buyers often seek these Princeton NJ homes for sale, because they represent the entry point for real estate in Princeton. There are other buyers who are interested in these homes because they are looking to minimize home maintenance, or because they are downsizing.

There are luxury townhouses such as in Governor’s Lane, with prices in the over $700,000 range. Homes in Princeton Ridge on the Stonewall Circle present an interesting option because design because they are semi-attached, not multiply attached as the townhouses usually are. They sell in the $700,000 -$800,000 range. Buyers could also find condos/ and townhouses for sale in the mid-range of over $500,000, for example in neighborhoods such as Campbell Woods. There are many other possible neighborhoods, such as Washington Oaks, Queenston Common in the Princeton Borough and Fieldwood Manors development in Princeton Township.

There are several such Princeton townhouses and condos for sale available in the MLS.

If you are considering buying a townhouse in Princeton - this is an overview of what you could find and a chanve to see all Princeton homes for sale in MLS.

See the live feed od all Pinceton MLS listings for

Princeton NJ Townhouses and Condos

New Jersey Real Estate Housing Report For Princeton 2003-2008

Princeton Real Estate Homes presents the market report for the 2008. We analyzed the Princeton real estate market statistics results and compared them to previous years. Princeton real estate, unlike many places in the country, has good news to report. Thinking of selling your Princeton home soon? Looking to buy real estate in Princeton? This post is for you. Here are a the highlights.

Princeton real estate market 2008 highlights

• Average price of the homes sold in Princeton in 2008 was 1,006,832- a 10% increase compared to 2007. This is good news, but not an indication that if bought your home last year, you can sell it for 10% more. Read: Understanding Princeton real estate prices.
• Average price of the homes sold in Princeton in 2008 has increased 13% compared to 2005.
• Average price of homes sold in Princeton has increased every year since 2004. This is the most amazing piece of news, given what has transpired in the rest of the financial and real estate markets around the country.
• Average price of a house sold in Princeton has increased cumulatively 28%. The largest increase of 15% compared to the previous year, has occurred in 2005.
• The number of Princeton houses sold in 2008 has decreased drastically by 22%. Princeton has not been completely immune to the bad real estate market. Compared to 2005 this decrease is a whooping 40%. Read my analysis in the upcoming post.
• Maximums sold Price for a Princeton house was $4,125,000 - the highest since 2005, and a 11% higher then in 2007.
• The number of houses listed in Princeton Township has declined more then in Princeton Borough -27% and 14% respectively.
• Days on the market has increased for Princeton Township by 14%, but declined for homes sold in the Princeton Borough by 15%. This information is relevant only if examined in conjunction with your real estate agent, to understand how this statistics is reported and develop a meaningful guide for your home.

Princeton Real Estate Housing Market 2008

Categories 2005 2006 2007 2008

Units Listed 596 604 559 458
Listed Average 1,008,281 1,024,678 1,074,490 1,082,194
Pended 378 297 308 230
Units Sold 395 295 305 237
Average Sold Price 889,084 893,013 911,172 1,006,832
Average List Price 945,893 970,094 991,983 1,122,563
Max. Sold Price 4,080,195 3,340,000 3,700,000 4,125,000
Average DOM 76 94 97 101

*Data is based on Trend MLS ( 01/05/2009) and is not guaranteed

To understand the affect of the Princeton real estate on price of a home in Princeton please call 609- 553-4175. Not ready for a discussion yet? You could learn a lot on your own by reading:

Princeton Real Estate - Everything You Wanted To Know
Princeton New Jersey Real Estate Homes For Sale Housing Market Reports

Or click here to search for New Jersey Homes For Sale.