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Lenders look to ‘leftover’ cash to gauge housing affordability
Residual income — what’s left after bills — is gaining popularity as the way to measure what borrowers can afford What’s the monthly payment? After the sale price of the home, that’s the main number homebuyers fixate on. So, too, do mortgage lenders. Stacking the new mortgage payment — which usually includes the monthly portion…
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Challenges confront housing recovery
New study underscores market difficulties and the barriers to homeownership, particularly for younger buyers Despite signs that the home sales, prices and construction continue to improve in key markets, several formidable obstacles stand in the way of a national housing recovery — especially challenges confronting younger buyers — according to a new report recently released…
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Gloria Nilson & Co. to host charity Tag Sale
Gloria Nilson & Co. Real Estate’s Manalapan office is organizing a charity tag sale to benefit the Monmouth County Child Advocacy Center. The Center provides a safe place and one-stop resources (police, medical, legal, therapeutic, etc.) to help reduce the trauma for children who are victims of abuse in a child-centric environment. The Tag Sale…
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RE/MAX sees opportunity in recovering market
More than 1,000 RE/MAX brokers and their industry vendors recently gathered in San Francisco for the company’s annual Broker Owner Conference. They’re celebrating recent successes and preparing for new opportunities in a recovering real estate market. Since the second quarter of 2013, more than 4,200 new agents and 208 new offices have joined the RE/MAX…
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MCAR 5K raises funds for The Boys & Girls Clubs
Monmouth County Association of Realtors (MCAR) held its first 5K/1-Mile Walk recently in Asbury Park. Realtors and community members came out for a beautiful morning run at the beach to support the Boys and Girls Clubs of Monmouth County (BCGM). All of the proceeds from the event were donated to The Boys and Girls Clubs…
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Renovations on the mind
If you’re a homeowner, there’s a good chance you’re thinking about a remodel. Here’s the latest on the projects owners have planned. Thinking about a home-improvement project? You’re not alone. More than two-thirds of consumers plan to renovate an area of their within the next six months, according to the latest Home Improvement Survey from…
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Freehold Raceway reopens for live racing on Aug. 28
Freehold Raceway will awaken to the sound of thunder from the hoofbeats of some of the best standardbred trotters and pacers in the country when live racing returns on Aug. 28. The 48-day summer/fall meet will begin with a big opening weekend of harness racing and festivities. Opening weekend includes stakes races, an opening-day T-shirt…
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Saturday in the Park 5K for women raises awareness of local services
Women runners and racewalkers will take over Holmdel Park on Aug. 30 for the 21st annual Saturday in the Park 5K. Conducted by the Jersey Shore Running Club, the theme is “Women Taking Steps to Help Women.” Close to 500 women are expected to join in solidarity to raise funds for and promote awareness of…
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Lavan ready to play in goal if called upon by Monmouth
By WAYNE WITKOWSKI Correspondent Sydney Lavan watched from the sidelines last season as a freshman while Monmouth University’s women’s soccer team rampaged through the Metro Atlantic Athletic Conference (MAAC) in its first season as a member, and the Jackson resident hopes to get her chance to take the field this season. The Hawks are replacing…
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