Here are the latest homes for sale in Princeton. These Princeton Homes all hit the market in the last 7 days:
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Princeton Real Estate
by Josh Wilton
Here are the latest homes for sale in Princeton. These Princeton Homes all hit the market in the last 7 days:
by Josh Wilton
Have you been on the fence about getting your real estate license? Weichert Princeton office is offering a Licensing class in Princeton starting January 6th.
If you are interested in the class click this link to enroll.
Want to see some of the homes you might be selling…? Here is a list of the homes that have hit the Princeton real estate market in the last days:
by Josh Wilton
18 Lakeview, Kingston (Princeton mailing address)
Unique find in Kingston, the best of new and old. Exposed beams accented by earth tones, new maple cabinets, granite countertops, stainless steel appliances, hardwood floors and a gas fireplace. Three bedrooms with carpeting, two and one half baths featuring custom tile and high end fixtures. Located on a no-through traffic St., ending at the entrance to the D & R canal trails. The home has been completely restored down to the studs, all new systems, energy efficient A/C and three car parking. Walk to fine dining, deli, amenities and the bus to NYC, bike to Princeton. Call for an appt. 609-577-6786.
Here are other Princeton rental homes in the same price range:
by Josh Wilton
by Josh Wilton
by Josh Wilton
Did you know that the supply of available homes in Princeton is down nearly 40% from 2011? True! If you have every thought about selling your home in Princeton now may be the time! Contact us for details!
by Josh Wilton
Enjoy this charming and fully updated 4 bedroom, 2 1/2 bath colonial in desirable Riverside location opposite Carnegie Lake. An inviting foyer introduces the traditional floor plan with front to back formal living room with fireplace and a formal dining room. The cozy family room is carpeted and light filled. Access to the deck and yard is through the French doors in the living room or from the extended new and bright kitchen which includes a farmhouse sink, white cabinets, huge pantry, granite counters and new stainless steel appliances. The first floor also has a powder room. Upstairs, three bedrooms share a renovated hall bath while the master bedroom has two closets, a master bath with tub shower and with views of Carnegie Lake. The walk-up attic is a nice surprise providing office space with lots of customized shelves and additional storage. Throughout the property is an English garden which is ready to bloom. Hardwood floors, wood doors and moldings throughout the house are some of the special features, as well as the proximity to the lake, schools, town and transportation.
Take a look at the rest of the Princeton Homes for sale in this price range:
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by Josh Wilton
The CoreLogic Home Price Index (HPI) showed that home prices nationwide, including distressed sales, increased on a year over year basis by 9.7% in January 2013 compared to January 2012. This change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally. On a month over month basis, including distressed sales, home prices increased by 0.7% in January 2013 compared to December 2012. The HPI analysis shows that all but two states, Delaware and Illinois, are experiencing year over year price gains.
Excluding distressed sales, home prices increased on a year over year basis by 9.0% in January 2013 compared to January 2012. On a month over month basis, excluding distressed sales, home prices increased 1.8% in January 2013 compared to December 2012. Distressed sales include short sales and real estate owned (REO) transactions.
The number of American homes that end up in foreclosure has started to decline, a welcome development that partly reflects an improving housing market.
But a look at data that tracks distressed home sales reveals another reason why foreclosures are becoming less prevalent: More homeowners are turning to short sales where they sell their homes for less than what they owe in mortgage debt and the bank typically eats the difference.
In the past, short sales were rare. Now they are becoming increasingly common in part because lenders, homeowners and real estate agents have become more experienced at marketing and pricing the properties, and because short sales are considered a more efficient way than foreclosure to sell underwater properties.
The shift is helping the housing market pare the backlog of distressed mortgages while cutting the amount of time vacant homes sit empty. That has helped keep home prices firm in the improving real estate environment.
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Pending home sales rose in January and have been above year-ago levels for the past 21 months, according to the National Association of Realtors
by Josh Wilton
Tim McLaughlin, VP Weichert Financial Services
Much has been written about the automatic, across the board budget cuts contained in the Budget Control Act of 2011, otherwise known as “Sequestration,” but many critical questions remain regarding official interpretations of the legislation and how it will actually be implemented on an agency by agency basis. These include questions as to exactly which governmental spending accounts are or are not subject to sequestration, how deep the percentage reduction will be in the accounts that are subject to sequestration, how much latitude agencies have in selecting the specific expenditures that will be cut, and what the offsetting expenditures will be in implementing the proposed cuts.
Various estimates of the across the board cuts that would be required in programs subject to sequestration range between 8.5% and 10% for fiscal year 2013, with some going as high as 13.3%. But sequestration would impact different programs across the government in very different ways. With government grant programs such as Title I of the Elementary and Secondary Education Act, the impact can be estimated with some degree of precision. Others are not as easy to project. A great question is how will this impact the mortgage banking sector? Although mortgage bankers aren’t (yet) worried that the sequester will hammer applications, the Federal Housing Administration could be in for some adjustments. The Department of Housing and Urban Development and Ginnie Mae could be forced to furlough thousands of employees if sequestration spending cuts go into effect as scheduled on March 1.
HUD Secretary Shaun Donovan warned lawmakers recently that cuts in several agency programs, including the FHA single-family mortgage insurance program, would leave HUD short on staff and slow the delivery of services to numerous families, individuals and communities that rely on these programs.
Many of the 9,000 HUD employees in 81 field offices across the country would be subject to forced leave and other personnel actions, although sequestration plans are still under review, Donovan said. On the other hand, Ginnie Mae will also be hit by spending cuts, though not as significantly as HUD. An estimated $2 million would be cut from the agency’s Mortgage Backed Securities Loan Guarantee Program under the sequestration rules.
We will keep a watchful eye on this as the day progresses.
by Josh Wilton
The national median existing single-family home price showed the strongest year-over-year increase in seven years during the fourth quarter, according to the latest report by the National Association of Realtors (NAR). In addition, the median price rose in 133 out of 152 metropolitan statistical areas based on closings in the fourth quarter compared with the same quarter in 2011.
Lawrence Yun, NAR chief economist, said all the conditions for strong price growth are at play. “Home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the lowest level in 12 years,” he said. “Home sales are being fueled by a pent-up demand and job creation, along with still favorable affordability conditions and rents rising at faster rates.”
Separately, NAR’s national annual Housing Affordability Index rose to a record high of 193.5 in 2012. An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent downpayment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small downpayments, the affordability levels are relatively lower.
“The housing affordability index shows that the national median income of families was almost double the income needed to buy a median-priced home in 2012, so most buyers are able to stay well within their means,” Yun said. “Even with rising home prices, conditions are expected to stay very favorable with the index averaging 161 in 2013, which would be the third best on record.”
There’s never been a better time to buy a home!