Iris Lurie's blog

We've Received the Prestigious CENTURY 21® President’s Hall of Fame Award

The CENTURY 21® President’s Hall of Fame Award for Exceptional Service and Sales was presented to us during a special ceremony at the CENTURY 21 Global Conference. The award recognizes our exceptional track record of quality service and sales production, and represents our agents' long-standing commitment to our customers.

Receiving this award is truly an honor.  We are proud and humbled.  Each and every day our sales affiliates strive to provide the highest level of service to our clients while helping them to make informed real estate decisions. This award is a testament to all of the hard work and commitment we have put forth over the years.

The CENTURY 21® President’s Hall of Fame Award honors those independent offices that have earned the CENTURY 21 President’s Award each year for a minimum of 10 out of the past 12 years. The President's Award requires that offices meet stringent sales production and customer service goals, and that the office achieve the CENTURION® Award and Quality Service Pinnacle Award in the same calendar year.

Congratulations to all CENTURY 21 Mack Morris Iris Lurie associates!  You are truly Smarter, Bolder & Faster!

Housing Affordability in Monmouth, Ocean & Middlesex Counties NJ

Want to know what the housing cost share of income is in Monmouth, Ocean, and Middlesex Counties compared to other New Jersey counties?  

Check out this interesting map.  For our 3-county area residents spend, on average, 22-27% of their income on total housing costs, which includes their mortgage principal and interest, taxes, and insurance.

Monmouth County Market Update -- January 2015

Lets take a look at the Monmouth County real estate market statistics for Single Family Detached Homes, Townhouses/Condos, and Adult Community Homes comparing January 2015 with January 2014.

Single Family Detached Homes

The median sales price in January 2015 was $360,000, up slightly from January 2014's $358,250, and it took approximately the same amount of time to sell a home (93-95 days) this year as last year.  The inventory of available homes for sale was down in January 2015 with 6.7 months supply compared to 7.6 months in January of 2014.   Closed sales were also down for the month of January 2015, from 306 in 2014 to 242 this year, and the number of new listings that entered the marketplace was about the same.  

Getting Ready for a Spring Sale . . . The Bare Necessities

What happens on March 20 at 6:45 P.M. EDT?   Well, it's the official start of Spring, of course, or otherwise known as the March or Vernal Equinox!  According to the Old Farmer's Almanac the March Equinox occurs when the Sun crosses the celestial equator on its way north along the ecliptic.  It's been so cold and snowy that it's hard to believe Spring is really only a few weeks away.  

If you're planning to sell your home this Spring, then it's time to get the preparations started.

There is a lot of good advice on the internet on how to get your home ready to sell, but taking on many of the tasks can be very time consuming and can put a pretty good dent in your pocketbook.  We've found that many of our clients just don't have the time and/or the money to do all the things they would like to do, and should do, to make their house the best it can be.

If you're one of those people who is seriously time-challenged, then here are four things you can accomplish that will have a big impact on getting your home sold in the least amount of time for the most money.  Let's call them the bare necessities.

Mortgage Interest Rates Increased for the Second Straight Week

Interest rates remained at near record lows in January, but have increased for the second straight week, following a better-than-expected January employment report.

According to the Mortgage Bankers Association, the average interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 3.93 percent from the average of 3.625 percent two weeks ago.

Over the past few years interest rates have bounced back and forth, but have remained near historic lows . . . and a mortgage with an interest rate of under 4% is a real bargain.  

Want more details?  Mortgage apps plunge as rates hit highest level of year - Mortgage interest rates rose to their highest level of the year, and mortgage volume reacted in the opposite direction. [Real Estate CNBC]