Millburn, Short Hills and Summit real estate and homes for sale in New Jersey, Relocation, Luxury Properties - Robin Benjamin, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
Contact Information
Email Robin Benjamin
Login
Go To Sitemap
Robin Benjamin


MLS Search

All agents are NOT alike! Find out why I am a top real estate expert. Call me: 973-202-7270

Special Offers
Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
Find Out More >
View All Offers >

Testimonials

TripleCalc
Compare three mortgages at one time. Download TripleCalc now. It's free.

Real Estate - Homes - NUMBER1EXPERTS Sell More!
Robin Benjamin is one of The Top Selling Real Estate Experts™
Find Out More >

Today's Top Real Estate News
Provided by
Inman News:







School Reports
See the nation's top rated reports for Schools in Millburn, Summit and Short Hills  >


Latest Listings
Get the Latest Listings Before Anyone Else!
As soon as I list another home for sale, I'll email you. You'll know first.
Name:
Email:
Affiliates

Latest News
Get the Latest Real Estate News, Hot Off the Presses!
If you are buying or selling a home, you need my eNewsletter.
Name:
Email:
Sitemap - Local Information
Welcome > Sitemap > Local Information ...

Millburn, Summit and Short Hills Information:

  • About Millburn, Summit and Short Hills - Moving to Millburn, Summit and Short Hills , New Jersey? Get info here...

  • Millburn, Short Hills Photo Gallery - View photos of the Millburn, Short Hills area...

  • School Reports - Reports for Millburn, Summit and Short Hills schools kindergarten, elementary, and high schools.

  • Relocating? - Free real estate information & relocation package if you're relocating to Millburn, Summit and Short Hills , in Essex County NJ.

  • Health & Well-being - Get health & well-being informatiom here.

  • Go to Main Sitemap - Main sitemap sections include Find Millburn, Summit and Short Hills Homes, For Home Buyers, For Home Sellers, Millburn, Summit and Short Hills Information, Real Estate Resources, and About Robin Benjamin.


SUMMER MARKET REMAINS COOL WITH SAVVY BUYERS AND ROOM FOR NEGOTIATIONS

July was another cool month for the housing market as declining buyer-confidence continued to take its toll on home sales. In July, contract-sales activity declined 11% from the June level and was 25% below the year earlier pace in July 2005. That this slowdown comes in the midst of the prime March-to-August selling season when home sales should still be running hot provides compelling evidence of a market transition wherein home buyers have greater control over final selling prices than at any time since 1991, a 15-year span.

From an inventory perspective, the number of homes being offered for sale now stands 67% higher than a year ago. This equates to a 9-month supply as compared to only 4-months last year at this time. It is however encouraging to note that Unsold Inventory increased by only 1.5% in July following a 47% increase over the 1st 6 months of the year, which works out to nearly 8% per month over that period. This moderation, coupled with recent declines in mortgage rates present home buyers with an opportunity window that will likely close once mortgage rates continue their upward climb.

From a price perspective, market conditions continue to exhibit the greatest weakness for luxury priced homes. As shown in the table at right, Unsold Inventory below $600,000 stands at an 8 month supply as compared to 27-months above $2.5 million. This weakness in the luxury market has been developing slowly for several years now and will likely continue for the foreseeable future. As a result, expect the market for more affordably priced homes to be the first to recover.


Please Sign Up For The Latest Listings and the Latest Real Estate News 

*Your Name:
*Your Email Address:
Send Latest Listings: What is this?
Send Latest News: What is this?

Your Message or Comments:
* Please note that fields marked with an asterisk are required.


Email With Confidence
Quick Response Guarantee >
Your Privacy Is Guaranteed >
Free & Without Obligation >


School Reports in Millburn, Short Hills and Summit, New Jersey
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

New Jersey Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
  Schools in Millburn, Short Hills and Summit 



Real Estate Tips
About Appraisals >Refinancing Your Home

Interest rates fluctuate as changes occur in the general economy. If you purchased your home when interest rates were higher, you may want to consider re-financing your loan at a lower rate.

You will have to apply for the new mortgage and have your current income eligibility assessed. Depending on how long you have had your present loan, a current appraisal may be required. There are closing costs, such as attorney, title fees, recording and notary fees, and appraisal charges. The biggest factor in your decision should be the length of time you plan to remain in your home. If you will be there for only a year or two more, it might not pay to re-finance. If you will be in your home longer, re-financing could provide you with lower mortgage payments. Your real estate agent can help you work out the numbers and can refer you to reputable home appraisers and mortgage lenders.

See All Tips In The "About Appraisals" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
Why is the Terra Amata site in Nice, France famous?

A 
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
See More Real Estate Trivia >


Print This Page Send To A Friend


Robin Benjamin, REALTOR®, real estate agent and broker for Millburn, Summit and Short Hills  New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Robin Benjamin, ABR
Keller Williams Premier Properties

488 Springfield Ave
Summit , New Jersey
07901
Cell ( first): 973-202-7270
Office: 973- 376-0033 X 287
eFax: 973-532-0217
Email: RobinBenjamin@NUMBER1EXPERT.com

A market recovery? You still waiting for the proverbial bottom? Being a full time Realtor since 1996, I've acquired a versatile and extensive knowledge of this unique and exciting market. Being a realtor in today’s shifting market, requires an understanding and training in a multitude of professions. A strong motivation to work closely with you to meet your specific needs, no matter where you desire to call your dream home, is key with today’s educated buyers. Energy, market knowledge, honesty, and guidance through the process from contract to closing.

ABR Equal Housing MLS REALTOR




keller Williams Realty



www.RobinBenjaminRealestate.com is brought to you by Robin Benjamin
NUMBER1EXPERT™ in real estate for Millburn, Summit and Short Hills , New Jersey, Relocation, Luxury Properties

Read Robin Benjamin's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge



USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.

www.RobinBenjaminRealestate.com is brought to you by Robin Benjamin