Mayor Today. Gone Tomorrow.

The word from Old Hoboken....Camarrano Lives. Only time will tell. In the chance that things don't go his way...It will be tough to sell that brownstone. According to the second quarter real estate report, They just aren't selling.A good article on the market. http://rismedia.com/2009-07-23/signs-of-change-existing-home-sales-rise-36-in-june/The … [Read more...]

4.5% is not enough.

It's being reported that the latest installment of the government bailout is nudge the markets to a 4.5% mortgage interest rate. Given that the rate is about 5.5% today that equates to about $61in savings for every $100k borrowed. So a $500k mortgage will be reduced by $305 per month. But that $600k home will have taxes around $8,000 in 2007 and … [Read more...]