Housing Markets Continue to Show Gradual Improvement

Housing Markets Continue to Show Gradual Improvement
By RIS Media

Marc Demetriou Real Estate and Money ShowMarkets in 56 out of approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released recently. This represents a net gain of two from the previous month. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide average is running at 86 percent of normal economic and housing activity.

“More markets are slowly returning to normal levels and we expect this upward trend to continue as an improving economy and pent-up demand brings more home buyers back into the marketplace,” says NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. “Policymakers must be careful to avoid actions that would harm consumer confidence and impede the ongoing recovery.”

“Forty-five percent of metro areas are recovering at a faster pace than the nation as a whole, with smaller markets leading the way,” says NAHB Chief Economist Dave Crowe. “Of the 56 markets that are at or above normal levels, 48 of them have populations that are less than 500,000 and many of these local metros are fueled by a strong energy sector, which is producing solid job and economic growth.”

“More than 35 percent of all the markets on this month’s LMI are operating at a capacity of 90 percent or better of previous norms, which is a good sign that the housing recovery will continue to pick up steam in 2014,” says Kurt Pfotenhauer, Vice Chairman of First American Title Insurance Co., which co-sponsors the LMI report.

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Please pass my name on to anyone you know looking to buy or refinance a 1 to 4 family primary residence, second home or investment property in NY, NJ, CT, PA and FL. They will thank you for referring me!! Additionally, I provide reverse mortgages as well.

Also, tune into my new radio show “The Real Estate and Money Radio Show” every Thursday with my Co-Host Antoinette Gangi on WVNJ 1160am from 10:00am to 11:00am or listen live via the web at realestateandmoneyshow.com

If you can’t tune in live you can always go to the website and listen to the recorded podcast at a later date. All the past shows are posted.

Now is the time to consider locking in your floating arm loan or converting the floating rate line of credit into a fixed rate. Additionally, it is a great to buy knowing that home values are continuing to trend higher.

If there is a certain rate you are looking for now, please let me know. I track rates all day long and if the rate is available that is great, if not with the major volatility on a daily basis there is a chance I can still grab the rate with some of the intraday or intraweek movement. Please just reply back with answers to the questions below and I will get back to you.

As a mortgage banker, mortgage broker and FHA lender I have every product available to me in the industry but most of all, our service model will exceed your expectations. Having been consistently ranked in the top 1% of mortgage originators in the country I am considered an expert by my peers in the mortgage industry.

Additionally, I have a 99% closing ratio and most of the loans submitted close in approximately 26 days. I respect your time and money and do not want to waste either.

So, if you are looking to refinance or purchase a home please email me the answers to the following questions and I will reply back to you accordingly:

Desired loan amount, desired mortgage product (fixed or arm) and term (length of time ie: 15, 30…)

Approximate value of home

Single family house or condo

Primary residence, second home or investment property

State property is located in

If you have any additional questions, please don’t hesitate to contact me anytime.

Sincerely,

Marc

NLMS#111118 | Company NLMS #34973
NJ- Licensed by the NJ Department of Banking and Insurance – License # 9964632
NY- Licensed Mortgage Banker – NYS Banking Department – License # B500689
CT- Licensed Mortgage Banker – CT Department of Banking – License # 13236
FL- Licensed by the Florida Office of Financial Regulation – License #MLD388
PA-Licensed by the Pennsylvania Department of Banking – License #20875

Marc C. Demetriou, CLU, ChFC
Residential Home Funding Corp.
39 Main Street | Bloomingdale, NJ 07403
phone: 9734920117 | fax: 9734921108 | cell: 2012863386

Licensed Mortgage Banker – CT Banking Dept., FL Office of Financial Regulation, NJ Dept. of Banking & Insurance, NY Banking Dept., PA Dept. of Banking & Securities – NMLS #34973-Equal Housing Lender.
This is not a commitment to lend. All rates, fees and loan terms are subject to a formal loan application, credit risk, appraisal evaluation and other lending criteria. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.

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About Marc Demetriou

Marc C. Demetriou is a successful entrepreneur, businessman, and motivational speaker. In August of 2005, Marc partnered with Residential Home Funding Corp. and opened his first branch office in Bloomingdale, NJ where he assists both commercial and residential clients with their financing needs. Marc is preparing to expand over the next several years with additional branch offices throughout the Tri-State area.