House Prices May Be Stabalizing

Single home prices declined .06% in April suggesting that prices may be stabalizing

May New-Home Sales Slight Drop, Prices Rise 4%

Average prices increased by $9000 to $221,600, the highest price since decmeber when it tooped off at 229,600

May Existing Home Sales Up But Less than Expected

montana-houseMay existing home sales increased to 2.4% or 4.77 million units less than the expected to4.81 million-unit pace. May did none the less represent a second consecutive month of housing sales increase.

Cuomo Subpoenas Loan Modifier Firms

New York State Attorney General Andrew Cuomo issued subpeanas for 14 loan modification firms

Jersians are unaware of sales taxes on homes

. The New Jersey State Legislature is considering further increases to the home sales tax by permitting individual municipalities to establish their own fees in addition to those charged by the state. With the extra tax, the home sales tax bill would increase 13 percent.

Europe see signs of recovery looks for exist strategy

The European Union, in sharp contrast to the White House, plans to  significantly decrease economic stimulus programs.
The 27  government heads agreed that there are enough signs to signal a looming end to what they call the “worst recession since WWII” and also agreed to implement new banking and financial regulations.
“It is important that consolidation keeps [...]

European Builders’ Orders Surge

Taylor Wimpey Plc, the U.K.’s largest homebuilder, said Friday that its British order book surged 73 percent

16 Hoboken cops slated to lose their jobs by end of the month

NJ.com reports that the planned layoff of 16 Hoboken police officers has been stalled until at least July 20 and is pending further review, the city’s Fiscal Monitor Judy Tripodi announced today.
The layoffs, originally scheduled for June 20, have been postponed due to concerns over the upcoming 4th of July fireworks, said Tripodi. As fireworks [...]

No Fee Rentals Hoboken Click Here

Our Current list of Hoboken rentals

Constantin “Chris” Hinoveanu
Coldwell Banker Residential Brokerage

120 Newark Avenue, across the street from Grove St Path
Jersey City NJ
Office (201)  435-720 Ext. 404
Cell (201)  562 6850

All the information listed above is gathered from sources deemed reliable but we cannot and do not guarantee its accuracy. Further please note that certain breeds of [...]

Housing Starts in the U.S. Soared in May; Permits Also Rose

June 16 (Bloomberg) — U.S. builders broke ground on more houses than forecast, as multifamily units surged and single- family units rose by the most since January 2006.
The 17 percent increase in overall starts to an annual rate of 532,000 followed a 454,000 pace the prior month, the Commerce Department said today in Washington. Building [...]