Weichert News

4 Wynnewood Drive SOLD!

4 Wynnewood Dr Sold photo  This is the 9th home sold or marketed by Katherine in this neighborhood! Obviously she has a following of buyers looking for homes in this lovely neighborhood.  If you’re considering selling and live on Wynnewood or Woodview Drs, she’s got buyers waiting for homes to become available!!

A positive outlook for the upcoming real estate market-

Message received today from Jim Weichert:

I told you last week that I believe 2015 will be the best year for real estate in a while. I outlined the unique selling situation we are in, highlighted by interest rates still near their all-time lows, a better selection of inventory than we’ve had in a long time and buyer confidence at the highest level since 2007. On top of that, gas prices are very low, which helps consumers and the economy, plus we’ve had much less snow so far this year!

Here are some numbers which will help you see just how favorable current conditions are, compared to even just a few years ago: 

Now

2013

2010

Gas per gallon (NY area)

$1.99

$3.81

$2.73

Stock market (Dow Jones)

17,893

14,776

11,578

Avg. 30-year fixed rate

3.73%

4.43%

4.71%

Consumer confidence rating

92.6

76.2

   63.4

Household income

$53,891

$53,046

$49,276

Unemployment rate

5.67%

7.4%

9.3%

Foreclosures

1,117,426

1,369 ,405

2,871,891

 

Katherine Pease is office award winner!

Congratulations to Katherine Pease- Award Winner for February:

Dollar Volume

Combined Revenue Units (transactions)

Congratulations on a great month!

– Josh Wilton

Manager, Weichert Princeton Office

Weichert Market Monitor Feb 23 2010

Market Monitor Feb 25 2010  from Weichert Financial

Cranbury Market Update
Real Estate Market Chart by Altos Research www.altosresearch.com Real Estate Market Chart by Altos Research www.altosresearch.com Real Estate Market Chart by Altos Research www.altosresearch.com