If you are looking to buy or sell a home in Hunterdon, Somerset or Warren County,
please contact us. We would love to
help you find your dream house!!!
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The Washington Post recently reported that this Autumn is a Great Time to Buy Real Estate. The following paragraphs are taken from this article:  

"This fall could be a particularly great time for first-time or buyers long out of the market to jump in, say a variety of real estate professionals. 

Here are the reasons why: 

Prices are probably as low as they are going to go as the market stabilizes, thanks to the government takeover of Freddie Mac and Fannie Mae.
Interest rates are likely to decline as Freddie and Fannie get government help.
The Federal Housing Administration recently boosted its loan limits to $729,750 in expensive areas. It's going to take some of that back come Jan. 1, when the loan limit will shrink to $625,500. 

The FHA allows down payments of as little as 3 percent, but that will rise to 3.5 percent as of Oct. 1. People scraping dollars together for a down payment should try to set their closing for the end of this month. 

The tax credit will shave $7,500 off a first-time buyer’s federal tax bill due April 15. Buyers who don't owe tax, will get the money as a refund. 

The government's definition of a first-time buyer is anyone who hasn’t owned a home in the last three years." 

Source: The Washington Post, Elizabeth Razzi (09/07/08)  

It is a great time to be a buyer with interest rates still historically low. Recent new statistics from the National Association of Realtors show that Existing-home sales rose in July to the highest level in five months.  

On June 9th, the National Association of Realtors forecast a broader upturn in sales for the 2nd Half of 2008. Lawrence Yun, NAR chief economist, said pending sales contracts have picked up notably in areas undergoing significant price drops. “Bargain hunters have entered the market en masse, especially in areas that have experienced double-digit price declines, but it’s unclear if they are investors or owner-occupants,” he said. “Sharp price reductions are leading to a quicker discovery of price equilibrium points 

Looking for homes in Hunterdon, Somerset and Warren County? Check our Feature Homes First. For all available homes in the area, Click on "Search All Local Listings" This link gives you access to the Garden State Multiple Listing Service. 

If you need local real estate information, we've summarized much of what is important about the Clinton, Hunterdon, Somerset and Warren County real estate market in this site. This area is a beautiful rural/suburban area of New Jersey. It's prime location, midway between Manhattan and Philadelphia and an hour from the Jersey Shore, makes it a very desirable place to live. We love it here, and would like to help you find a home in the area that is perfect for you. 

Buying and selling a home is one of the biggest events in your life. As top Hunterdon, Somerset and Warren County real estate agents, we have the experience and track record you are looking for. Please let us help you find your dream home. 

Fred and Susan Backer
Weichert Realtors
9 West Main Street Clinton, NJ
908 735-8140 Ext. 138 (Office)
908 500-0095 (Cell)