Princeton Real Estate
Presented by Ingela Kostenbader: Welcome home to this meticulously maintained, sunlit home in the Riverside Sec
Here are other homes for sale in Princeton’s Riverside neighborhood:
PRINCETON AFFORDABLE HOUSING OFFICE & WEICHERT REALTORS PRINCETON OFFICE PRESENT A HOME BUYER’S WORKSHOP
Weichert Realtors of Princeton and the Princeton Affordable Housing Office are teaming up on Saturday May 10th at the Municipal building, 400 Witherspoon Street at 9;30 am, to offer a forum to the public about the affordable housing program in Princeton.
On the agenda will be, Christine Peacock, who is in charge of the Princeton Affordable Housing office, a representative from the lender, First Choice, Paul De Umberto, and the listing agent from Weichert, Linda Twining.
Weichert is currently listing three of the affordable units that fall into the moderate income designation. One is at Washington Oaks and the other two are at Grigg’s Farm. After the presentation at the Municipal building on Saturday, the three units will be open for inspection by the public from 11 am – 1 pm This program is an excellent vehicle for people to purchase and own a condo for less than monthly rent for the same size unit in Princeton would be. Weihcert is committed to this program and helping to offer a way for people to gain equity and participate in home ownership.
Call the Weichert, Princeton office to schedule a time to preview any of these great Princeton townhouses! 609-921-1900.
Call Josh Wilton at 609-577-6786 to schedule your showings.
Mortgage Industry Trends
WFS Jumbo rate – 5/5 ARM: 2.875%
Other WFS rates – Check with your GSM for current rates.
Refi Index – 1322.9 (-4.92%)
Purchase Index – 180.3 (+2.68%)
NAHB Builder Confidence – 47 (+2.17%)
Existing Home Sales – 4,600,000 (-.43%)
New Home Sales – 440,000 (-3.30%)
Existing Home Prices – 237,300 (+0.30%)
(As of April 10, 2014.)
SOURCE: Mortgage News Daily
Looking for a Princeton home. Check out the newest Princeton homes to hit the market.
Here are the newest listings to hit the Princeton, NJ market!
Here are the latest homes for sale in Princeton. These Princeton Homes all hit the market in the last 7 days:
CoreLogic released their Home Price Index Report for September 2013 this week with some very interesting and positive trends for the residential marketplace: Home prices increased by 12% in September 2013 (year over year); the 19th consecutive month of year over year home price gains. Home prices increased 0.2% month over month from August (0.3% excluding distressed sales data) The Home Price Index is at the highest level since May 2008 Home prices are projected to rise year over year in October 2013 as well “September marks the unofficial five-year anniversary of the start of the housing crisis” according to Dr Mark Fleming, Chief Economist at CoreLogic. “The five-year home price appreciation for all homes in the nation was 3.4%. While there is still room for improvement, the HPI is at the highest level since May 2008”.
Down with Down Payments
High end borrowers no longer need large down payments to get a mortgage. As the non-conforming market has rebounded and become more robust for the first time since 2007, more options are becoming available to the Jumbo buyer: 90% LTV to $850,000 on a 30 year Fixed Rate mortgage. Only 10% down.80% LTV to $4,000,000 on a 5/5 ARM. For the high end borrower, the ability to finance a $5M purchase with a $4M mortgage -> financing this deep has not been available for quite some time and as always, low down payment options are available to conforming borrowers as well with low (Fannie, Freddie, FHA) as well as no (VA, USDA) down payment options where applicable.
Searching for a home in Princeton? Here is a list of homes new to the market:
