Lower prices make homes more affordable.
The median price of a single family New Jersey home in the 3rd quarter of 2009 is 11 percent lower than in the 3rd quarter of 2008. The housing affordability index during the same time period increased by 22 percent. NAR's housing affordability index measures whether or not a typical family could qualify for a mortgage loan on a median-priced, existing single-family home. Increasing levels of affordability mean a home purchase is within reach for more New Jerseyans than the same time the year before.
Source: New Jersey Home Sales Report, 3rd quarter 2009
50,000 REALTORS® are waiting for you.
Whether you are buying or selling, REALTORS® provide expertise on market trends, property conditions, and many other aspects of a real estate transaction. 85 percent of home buyers used a real estate agent or broker to purchase their home, as compared to 84 percent in 2008 and 76 percent in 2007. 88 percent of sellers were assisted by a real estate agent in selling their home.
Source: 2009 Profile of New Jersey Buyers and Sellers
Learning about the tax credit is easy.
A free webinar, open to the public, was held on Thursday, February 18, 2010 to address specific instances of: 1) who's eligible to receive a home buyer tax credit, and 2) how to claim this money from the federal government. View the webinar on-demand!
Get All Your Tax Credit Questions Answered
