Friday, March 9, 2007

Notes From All Over…

In data reported from the US Census Bureau, the number of vacant houses for sale nationally jumped more than 30% during the 4th quarter 2006, to about 1.9 million.

It is expected that new mortgages will value in the $2.3 trillion in 2007. The record, in 2003, was $3.8 trillion.

According to Forbes, the most expensive US house for sale is in Bozeman, Montana. The 55,000 sq. ft. ski getaway called “The Pinnacle” is listed for $155 million.

NJ has the 4th most expensive rental housing market in the US.

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