Happy New Year!
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Committed to Your Success,
Gary D Simmens Broker/Associate
Balsley/Losco Real Estate
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Committed to Your Success,
Gary D Simmens Broker/Associate
Balsley/Losco Real Estate
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Posted at 11:39 AM in Atlantic City,NJ Real Estate, Current Affairs, Egg Harbor Township,NJ real estate, GarySimmens.com-real estate, Hamilton Township,NJ real estate, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Music, Ocean City,NJ real estate, Sports, Travel | Permalink | Comments (0) | TrackBack (0)
Wish to thank all my clients, friends, my super co-workers, you are all so awesome!-Everyone rocks! My heartfelt thanks for helping me accomplish my 34th year in the real estate business. I am not that old now ! :) --Remember I have been licensed to sell real estate since 18 years young, and a broker since 23 years old, I have worked through 4 recessions now, our office is still leading the way, with the super help from my co workers and good client cooperation, we found ways to make people happy and get the job done right. -THANK YOU- I appreciate your business and timely thoughtful buyer and seller referrals.
Just have to mention, super time to be a Philadelphia sports fan now--The Eagles, Flyers playing in top form and how bout those Fabulous Phillies getting pitcher Cliff Lee back!-Awesome early holiday gift for us Phillies fans. Heck- even the 76ers tonight, almost just beat the NBA leading Boston Celtics with their new improved defense of late. They may not make the playoffs like the other Philly teams but they are quickly getting more respectable each week.
Hope everyone`s holiday season is filled with alot of love and happiness that bring alot of fond memories for you and your family. May you have a super 2011, The south Jersey shore area, Atlantic and Cape May counties should show improvement in sales, with an overall slow improving economy. Be safe and keep warm--it`s cold out there!--But remember it`s usually the best time- right now-to get that timely great bargain--smart investment you always wanted. Low bargain interest rates and low prices can`t last like this perfect buying storm forever now. Here to help! In Appreciation--My Best Gary Simmens
Posted at 10:49 PM in Atlantic City,NJ Real Estate, Atlantic county,NJ, Brigantine,NJ Real Estate, Current Affairs, Egg Harbor Township,NJ real estate, Galloway Township, NJ, GarySimmens.com-real estate, Hamilton Township,NJ real estate, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Northfield,NJ-real esate, Ocean City,NJ real estate, real estate in New Jersey, Somers Point,NJ real estate, Sports, Ventnor,NJ real estate, waterfront properties for sale in NJ, Web/Tech, Weblogs | Permalink | Comments (0)


Posted at 08:38 PM in Atlantic county,NJ, Current Affairs, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Northfield,NJ-real esate, Ocean City,NJ real estate, real estate in New Jersey, Real Estate#1 expert site, Somers Point,NJ real estate, Ventnor,NJ real estate, waterfront properties for sale in NJ | Permalink
The Simmens Report-Update
LINWOOD UNDER CONTRACT FROM APRIL 1, 2010 TO JUNE 30, 2010
ADDRESS ASKING PRICE BEDROOMS BATHS
110 Cambridge $299,000 4 2.5
115 W. Devonshire $279,900 2 1
530 Ocean Heights $178,700 3 2.5
11 Ocean Heights $169,000 3 1.5
500 Pierce $199,900 4 3.5
215 Seaview $325,000 3 1.5
307 Shore $150,000 4 2
Please disregard if your property is listed with another broker. This information is complied from the SJSRMLS system for the past 90 days. This information is based inwhole or in part on data supplied by our SJSRMLS system. That system does not guarantee accuracy for the information supplied. Data maintained by SJSRMLS may not reflect all real estate activity in the market.
THE SIMMENS REPORT
Highlighted properties are transactions that our company participated. The Realtor sponsoring this community information service ad is not making any representation that they were involved in any other particular transaction whatsoever as printed in this report except for the highlighted properties.
LINWOOD SOLD FROM APRIL 1, 2010 TO JUNE 30, 2010
ADDRESS ASKING PRICE SOLD PRICE BEDROOMS BATHS
17 Berkley $479,000 $455,000 4 2.5
105 Berkshire $729,000 $670,000 4 2.5
947 Bryant $418,000 $390,000 4 2
959 Bryant $314,900 $305,000 3 2
6 Crestwood $469,000 $470.000 5 2.2
2 Crestwood $360,000 $360,000 4 2.5
20 Crossing $375,000 $370,000 4 2.5
1 Davis $150,000 $135,000 2 1
1720 Dianne $469,000 $430,000 3 3
11 Frances $219,500 $187,500 3 1
1421 Grant $439,900 $439,900 4 2.5
17 Hamilton $449,900 $445,000 4 2.5
306 Joseph $219,900 $214,500 3 1
302 Lincoln $247,500 $217,500 3 1.5
1 Mill $749,000 $671,000 6 4.5
303 Poplar $134,900 $130,000 3 2
200 Schoolhouse $439,000 $400,000 2 3
216 Schoolhouse $389,900 $360,000 3 2.5
113 Seaview $205,900 $209,900 3 1
219 Tabor $569,000 $525,000 4 2.5
2109 Wabash $246,000 $245,000 3 1.5
110 Warren $275,000 $270,000 3 2
2021 West $350,000 $300,000 3 1
224 Wilson $875,000 $783,000 4 3.5
503 Wilson $315,000 $300,000 4 2
1200 Woodlynne $475,000 $458,500 6 3
Properties in BOLD PRINT are Sold by our Office -Balsley/Losc.
Posted at 09:43 AM in Atlantic City,NJ Real Estate, Linwood,NJ real estate | Permalink | Comments (0)
NEW YORK (CNNMoney.com) -- The Federal Reserve said Wednesday it sees further signs of improvement in the U.S. economy, but not enough to start raising its key interest rate from near 0% anytime soon.
The Fed's statement Wednesday once again spoke of a U.S. economy now in recovery, stating that "economic activity has continued to strengthen and that the labor market is beginning to improve."
But the central bank made little change in its language used to describe the outlook for its policy, saying it expects that economic conditions will "warrant exceptionally low levels of the federal funds rate for an extended period," as it has at every meeting since June of last year.
The fed funds rate, the central bank's key overnight lending rate, is a benchmark used to set interest rates on a wide variety of consumer and business lending.
In December 2008, the Fed cut the rate to near 0% in an effort to spur economic activity, and has left it there ever since.
LINWOOD UNDER CONTRACT FROM JANUARY 1 TO MARCH 31, 2010
ADDRESS ASKING PRICE BEDROOMS BATHS
105 E. Berkshire $729,000 4 2.5
6 Crestwood $469,000 5 2.2
17 Hamilton $449,900 4 2.5
303 W. Poplar $134,900 3 2
113 Seaview $205,900 3 1
503 W. Wilson $315,000 4 2
Please disregard if your property is listed with another broker. This information is complied from the SJSRMLS system for the past 90 days. This information is based in
whole or in part on data supplied by our SJSRMLS system. That system does not guarantee accuracy for the information supplied. Data maintained by SJSRMLS may
not reflect all real estate activity in the market.
THE SIMMENS REPORT
Highlighted properties are transactions that our company participated. The Realtor sponsoring
this community information service ad is not making any representation that they were involved in any other
particular transaction whatsoever as printed in this report except for the highlighted properties.
LINWOOD SOLD FROM JANUARY 1 TO MARCH 31, 2010
ADDRESS ASKING PRICE SOLD PRICE BEDROOMS BATHS
218 W. Belhaven $475,000 $432,500 4 2.5
32 Crossing $378,000 $360,000 4 2.5
503 W. Davis $249,900 $228,900 4 1.5
503 Garfield $319,000 $312,000 3 3
315 Kirklin $184,900 $175,000 3 1
1 Liberty $275,000 $255,000 3 2.5
2 Mill $949,000 $870,000 4 3.2
303 W. Van Sant $199,500 $150,000 5 2.5
Please disregard if your property is listed with another broker. This information is complied from the SJSRMLS system for the past 90 days. This information is based inwhole or in part on data supplied by our SJSRMLS system. That system does not guarantee accuracy for the information supplied. Data maintained by SJSRMLS maynot reflect all real estate activity in the market.
Posted at 10:53 AM in Atlantic City,NJ Real Estate, Atlantic county,NJ, Atlantic County,NJ real estate, Linwood,NJ real estate, Real Estate#1 expert site, Weblogs | Permalink | Comments (0)
Technorati Tags: Best realtor in Atlantic county, Good realtors in Linwood, Homes for sale in Linwood, Linwood, NJ, NJ 08221, NJ 08221, NJ 08221, NJ 08221, NJ 08225, NJ. 08221, NJ. realtors in Linwood, Northfield, Northfield, Sold Homes in Linwood
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| Light data flows in the week ahead provide mostly second-tier indicators with the exception of retail sales for January, due out on Thursday. With consumer spending accounting for two-thirds of all economic activity, retail sales are always on the radar. Other than that, the markets will have a chance to absorb the chronically sluggish employment data while the Treasury auctions another $81 billion in short and long term notes and bonds. | ||||||||||||||||||||||||||||||||||||||||||||||||
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Posted at 12:40 AM in Atlantic City,NJ Real Estate, Atlantic County,NJ real estate, Galloway Township, NJ, GarySimmens.com-real estate, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Northfield,NJ-real esate, Real Estate#1 expert site, Television, Travel, waterfront properties for sale in NJ, Weblogs | Permalink | Comments (0) | TrackBack (0)
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| WEEK IN ADVANCE | ||||||||||||||||||||||||||||||||||||||||||||||||
| Robust Q4 growth is not expected to continue in the current quarter. Data in the coming week will provide the first look at the economy's footing in the New Year. The employment report for January, due out on Friday, highlights on the economic calendar. | ||||||||||||||||||||||||||||||||||||||||||||||||
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Posted at 09:50 AM in Atlantic City,NJ Real Estate, Atlantic county,NJ, Brigantine,NJ Real Estate, Egg Harbor Township,NJ real estate, Galloway Township, NJ, Hamilton Township,NJ real estate, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Northfield,NJ-real esate, Ocean City,NJ real estate, real estate in New Jersey, Real Estate#1 expert site, Somers Point,NJ real estate, Ventnor,NJ real estate, waterfront properties for sale in NJ, Web/Tech, Weblogs | Permalink | Comments (0)
If You’re Going to Buy a House, Do it Now By Martin Hutchinson
Contributing Editor
Money Morning
It looks like the U.S. housing sector has bottomed. In fact, if you’ve been thinking about buying a house, this may be the time to make your move.
Let me tell you why.
Congress and the Obama administration are considering whether to extend the $8,000 first-time-buyer tax credit for another year from Nov. 30, when it expires. With cheap money, housing may show strength in the short term, just as we’ve seen with other assets. But there is the potential for a market hiccup next year or in 2011.
When the National Association of Homebuilders released its NAHB Index for October last week, it showed a drop of one point in homebuilders’ view of the market, from 19 to 18.
The good news: The index is at double its level from last spring – when it bottomed out at nine – meaning homebuilders see an improving market.
The bad news: The index is based so that a reading of 50 is the “neutral market” view. That means there’s a long way to go, yet.
But even if Congress doesn’t opt to extend the $8,000 tax credit, 30-year mortgage rates are still down around 5.1% – close to their all-time low. But rates probably won’t remain that low for long: Building inflationary pressures and the huge U.S. budget deficit will combine to push interest rates higher.
In other words, even if housing prices are destined to drop by another 10% (except in the very worst areas, I wouldn’t expect you’d see anymore than that), you still may end up saving so much on financing costs by borrowing now that you’d be mad to wait any longer.
Housing arithmetic is always complicated but one thing I do know: 7% of $90,000 is more than 5.1% of $100,000!
The S&P/Case-Shiller composite home price index bounced nicely in July, with the 20-city index rising 1.5%, after a 1.3% jump the previous month. That’s a pretty good indication that the markets have bottomed out.
What’s more, the $8,000 credit for first-time buyers was still in force for August and September transactions (you need to close to get the credit, so deals done before Sept. 30 should squeeze under the wire). Since interest rates remained low for those months, it’s likely we’ll see further price rises then, too.
That would mirror the market in Britain, where housing prices bottomed out last spring and have risen for the six months since. Indeed, the market in London for houses priced above 5 million pounds (about $7.5 million) is apparently exceptionally strong, because of the likely level of Goldman Sachs Group Inc. (NYSE: GS) bonuses!
For those of us who aren’t about to receive a Goldman Sachs bonus, or buy a house priced above $7.5 million, the short-term outlook is still pretty good. U.S. gross domestic product (GDP) almost certainly rose during the third quarter – probably by about 3% – and is expected to rise again in the fourth quarter.
That should translate into an abatement of the flood of job losses – perhaps from the 250,000-per-month rate of the last few months to around 100,000 per month. That’s still bad, but is indicative of a recovery ahead. At that point, the outlook for the housing market will depend on what region you live in.
In Florida, California and Nevada – where prices have dropped more than 40% – there may still be a large number of foreclosures and unoccupied new buildings left over from the bubble. In those markets, therefore, the excess supply may take time to absorb.
Similarly, even with the government bailout of the automobile industry, I probably wouldn’t invest heavily in Detroit, even though prices there are lower than they were in 1995. However, in such cities as Atlanta and Dallas, prices did not rise too much in the bubble – and haven’t dropped all that much since – so the market should rest on a firm foundation and we can expect it to advance.
Beyond 2009, the prognostication is still murky. On the one hand, even a slow economic recovery should induce consumers to more seriously consider home purchases. And with inflation apparently on the upswing, the prices of those houses can be expected to increase, as well.
On the other hand, if inflation really gets a grip, the U.S. Federal Reserve will have no alternative but to raise interest rates. Housing is the most-interest-rate sensitive sector of consumer spending. So if rates rise sharply, the housing market will inevitably suffer.
As for the $8,000 credit for first-time homebuyers, it doesn’t really matter. It’s like the “Cash-for-Clunkers” program. If Congress extends it, it will prop up the housing market a bit. But if Congress doesn’t, there will be no disaster – the market will simply fall back for a few months until demand catches up with supply.
It makes only a modest short-term difference in activity, and probably only a 1% to 2% difference in the level of housing prices.
If you’ve got the money, go buy a house. You won’t find a better time to strike.
Posted at 08:08 AM in Hamilton Township,NJ real estate, Linwood,NJ real estate, Longport,NJ real estate, Mays Landing,NJ real estate, Northfield,NJ-real esate, Ocean City,NJ real estate, real estate in New Jersey, Real Estate#1 expert site, Ventnor,NJ real estate, waterfront properties for sale in NJ, Weblogs | Permalink | Comments (0) | TrackBack (0)
LINWOOD UNDER CONTRACT FROM JULY 1, 2009 TO SEPTEMBER 30, 2009
ADDRESS ASKING PRICE BEDROOMS BATHS
106 Arbor $499,000 5 4
215 E. Berkshire $849,000 4 3.5
113 Cheltenham $498,900 4 2.5
18 E. Edgewood $1,425,000 4 5.5
500 W. Garfield $185,000 4 2
1 Seagarden $485,000 4 2.5
25 Wendy $399,800 4 3.5
Please disregard if your property is listed with another broker. This information is complied from the SJSRMLS system for the past 90 days. This information is based in whole or in part on data supplied by our SJSRMLS system. That system does not guarantee accuracy for the information supplied. Data maintained by SJSRMLS may not reflect all real estate activity in the market.
THE SIMMENS REPORT
Bold properties are the transactions my company was directly involved in procuring. The Realtor sponsorin this community information service ad is not making any representation that they were involved in any other particular transaction whatsoever as printed in this report on the bold properties.
LINWOOD SOLD FROM JULY 1, 2009 TO SEPTEMBER 30, 2009
ADDRESS ASKING PRICE SOLD PRICE BEDROOMS BATHS
220 Berkshire $979,900 $950,000 4 3.2
201 Cheltenham $539,000 $520,000 4 3.5
230 Davis $110,000 $137,000 4 2
403 W. Edgewood $259,000 $243,000 2 1
211 Forest $369,900 $350,000 4 2
305 Forest $340,000 $330,000 4 2.5
1427 Grant $549,900 $506,000 3 3
4 Greenwich $289,000 $267,000 3 2
108 Hemlock $345,000 $345,000 3 2.5
305 Kirklin $239,000 $239,000 4 1.5
401 Leenie $339,000 $320,000 4 4
8 Marvin $449,000 $470,000 4 3.5
3 E. Monroe $399,900 $390,000 4 2
1710 New $169,000 $158,000 3 2.5
1206 Oak $299,900 $275,000 3 2
607 Oakcrest $438,900 $410,000 3 2.5
115 Parkwood $359,000 $335,000 3 2.5
217 Patcong $800,000 $800,000 4 4.5
1410 Shore $477,000 $420,000 4 3.5
510 Van Sant $278,900 $266,500 3 1.5
401 Wabash $114,900 $135,000 3 1
2306 Wabash $299,900 $299,900 4 3.5