Bob Idakaar - Blog - Bob Idakaar

Recent Blog Posts by Bob Idakaar
How's the Market? An article recently shared by ALTOS REASEARCH on the 2012 housing market: It turns out that if you watch the prices of the properties that enter the market each week, you can get a real sense for the quality of the demand in a local market. Also notable is that the spring housing market starts the second week of January. Like clockwork. Realtors, it turns out, in aggregate are quite sensitive to ... Posted by Bob Idakaar @ 12:00 AM on 01/24/2012		More
Owning is now cheaper than renting! Alan Sloane of Fortune Magazine Interview Adriene Hill: Later this morning, we'll get new mortgage numbers and new data from the National Association of Home Builders. The housing market bubble has many folks more comfortable renting than buying these days. Fortune magazine's Allan Sloane joins us now to talk about the reluctance to sign that mortgage. Good morning Allan. Allan Sloan: Good morning, Adriene. Hill: So how does the price of ... Posted by Bob Idakaar @ 12:00 AM on 01/18/2012		More
Refinancing Gets Even More Attractive says new Wall Street Journal article! Homeowners who have resisted the urge to refinance their mortgages until now could be rewarded for their willpower. Mortgage rates have fallen to new lows—and banks are rolling out incentives to win business. Economic uncertainty in Europe and slow growth in the U.S. are prompting investors to pile into ultrasafe U.S. Treasurys. That, in turn, is pushing down mortgage rates, which are tied ... Posted by Bob Idakaar @ 12:00 AM on 01/02/2012		More
The costs of not pulling permits Here are the primary repercussions to the homeowner when permits aren't pulled on time or at allHard to sell - the house likely won't pass inspection should they try to sell it. Insurance issues - homeowner insurance policy modifications or changing companies often require a Certificate of Occupancy. If the certificate doesn't show structural changes that have been made, the insurance company can decline ... Posted by Bob Idakaar @ 12:00 AM on 12/28/2011		More
To refinance or not to refinance; that is the question! With interest rates at a historic low, now is definitely time to take advantage and look into refinancing Home here in Morris county.... If you have been thinking about refinancing your mortgage, there are a few things you need to take into consideration before making your final decision. Although rates are low right now, the present economic crisis has caused a lot of lenders to reduce the amount ... Posted by Bob Idakaar @ 12:00 AM on 11/22/2011		More
REAL ESTATE REPORT FALL 2011 A new CoreLogic study has determined that there are substantial reserves of positive home equity nationwide, citing recent Federal Reserve data showing that Americans held about $6.2 trillion in equity in their homes at the end of the 2011 second quarter. Federal and industry estimates also reveal that nearly one of every three homes is debt-free. According to CoreLogic, nearly half of homeowners with ... Posted by Bob Idakaar @ 6:56 AM on 10/21/2011		More
Housing Market July 2011 Housing Market July 2011 Bob Idakaar PRUDENTIAL NJ PROPERTIES WWW.BOBSHOMES.NET The Northeast mainly concerning tri state areas of Connecticutt, New York and New Jersey seems to be better than many other places in the country. There still are jobs here and thank GOD for the Pharma Companies and Economic strengths of the suburbs of NYC The Easy answer that everyone agrees to is ... Posted by Bob Idakaar @ 9:56 AM on 07/06/2011		More
Getting a condo loan becomes even harder The latest Fannie Mae rules eliminate buildings involved in litigation and require additional scrutiny for condo conversions. These days, when you want to get a loan to buy a home, you can expect the lender to scrutinize your credit and your finances. If you're buying a condo, the lender is going to scrutinize every aspect of the building and the association, as well. That's making ... Posted by Bob Idakaar @ 9:52 AM on 03/27/2011		More
Selling Your House? 5 Reasons To Do It NOW! 1.) Interest Rates Are On the Rise Interest rates have spiked up rather dramatically over the last ninety days and are now over 5%. Initially, an increase in rates has a positive effect on the market as it forces buyers off the fence. However, it also eats into a buyer’s purchasing power. As rates increase, the mortgage amount a buyer qualifies for decreases. This ... Posted by Bob Idakaar @ 9:41 AM on 03/24/2011		More
A good time to buy summer 2010? BobAgentMorris County, NJ BEST ANSWER The biggest investment you will make other than raising your children is buying a home. We all need a place to live and the decision is broken down to 2 basic choices; to own or to rent. There are benefits in both. I have owned homes since I was 21 years and only rented 2 times in my life. If you want a place to call your own, have a budget in ... Posted by Bob Idakaar @ 7:30 AM on 08/06/2010		More
June 2010 Morris County Real Estate Activity! WWW.BOBSHOMES.NET Recent ... Posted by Bob Idakaar @ 11:53 AM on 06/15/2010		More
Why Buy Now? WHY BUY NOW? by BOB IDAKAAR MARCH 2010 1. Is the Market recovering? Real Estate is Local; meaning that each area is unto itself as far as activity, price and sales. There is a big misconception about the Housing ... Posted by Bob Idakaar @ 8:22 AM on 03/05/2010		More
6 things to know about president Obama's housing rescue The Obama administration yesterday announced plans to widen the eligibility parameters of a key housing initiative. Here are six things you need to know about the expanded rescue: 1. Fannie/Freddie only: Despite the higher loan-to-value ceiling, the original framework of the program remains in tact. For example, only borrowers with loans owned or guaranteed by government-controlled housing ... Posted by Bob Idakaar @ 9:45 PM on 07/02/2009		More
THE LATE SPRING MARKET OF 2009 YEARS FROM NOW , (US) REALTORS WILL BE TALKING ABOUT A FLURRY OF BUSINESS HAPPENING LATER IN THE NORMAL SPRING SELLING SEASON. THAT LADIES AND GENTLEMEN SEEMS TO BE THE TREND WE ARE SEEING NOW. DESPITE ALL THE ECONOMIC WOES AND WORRIES ABOUT THE ECONOMY; PEOPLE ARE STARTING TO SEE THE AFFORDABILITY AND ADVANTAGE TO BUYING NOW. WILL PRICES STAY STABLE OR HAVE WE NOT HIT THE BOTTOM YET? THOSE ... Posted by Bob Idakaar @ 11:31 AM on 06/04/2009		More
Spring Real Estate 2009! What an incredible time to buy and Sell Real Estate! Why do I say that? Because I am a Realtor? No, because I am a consumer. Consumers like choice, good prices and good terms. We have all those 3 key elements right now in the housing market. For Buyers: A great inventory spread out over this beautiful area. We have great prices making home ownership more affordable. We have incredible and historically ... Posted by Bob Idakaar @ 4:06 PM on 05/14/2009		More
Housing and the Presidents New Plan Now that President BarackObama's $787 Billion Economic Stimulus Bill has been signed into law and willtake effect on March 4, many American homeowners are anxiously wondering howthis bill may affect the housing market. Despite primarily focusing onbolstering the economy by creating jobs and reviving spending, the bill includessteps to revitalize this critically important segment of the American economy.But ... Posted by Bob Idakaar @ 12:36 PM on 04/08/2009		More
WILL THERE EVER BE A "NORMAL" AGAIN? Is something like that happening again? Yes. And, the winners are the people who understand these things: 1. Money is on the move. One way to view the current housing crisis is to see it as a transfer of wealth. During the better part of the last decade, the middle class has seen it’s prosperity eroded by a loss of high wage jobs, loss of manufacturing jobs, large migration of extremely low ... Posted by Bob Idakaar @ 12:34 PM on 04/08/2009		More
HOUSING MARKET PREDICTONS I do not think we have hit bottom in the housing market as many people think. We have at least another year of price decline and value shifting. Acording to Jeff Otteau,of the Otteau Reprot, there will be at least a 1% every month decline in values predicted for 2009. With more homes being foreclosed on and more short sales turning up these days; values are adjusting ... Posted by Bob Idakaar @ 9:34 AM on 02/03/2009		More

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