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Right Time to Put Your Home on the Market?

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  • Description

    FBN’s Adam Shapiro on the state of the housing market.

  • Duration 1:48
  • Date

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Both central take your washer and dryer and -- up yet to how about your own private steam bath in one of these glass encased showers.

Just part of what you -- here six bedrooms a -- five bedrooms six bathrooms here's the -- -- go on inside take a look at this.

Itself on the market two point six million dollars if you want to buy this house say -- -- -- -- 5% roughly 650000.

Dollars.

And then finance one point 95 million.

You'd be looking in a monthly payment.

121800.

Dollars.

-- month.

The taxes on this as we come into the great hallway on the second floor taxes on this property gonna run you roughly 25000.

Dollars a year.

When we spoke -- real estate agents earlier this morning they were telling us that homes in this area Somerset county New Jersey home -- selling it.

Like hotcakes you said earlier.

One million dollar homes multiple -- first when we spoke to -- the real estate agent.

We interviewed about two hours -- she said that you've got to get the home on the market now because the spring selling season has already begun.

Buyers are holding out however we spoke to pay out of Rutgers professor who said that while buyers are coming in sellers are holding out they still want to see.

Price increases of roughly five to 10% before they put their homes on the market.

One of the things that's happened is we've seen price increases nationwide according core logic of roughly eight point 3%.

That's year over year in December that was the best price increase since 2006.

So this over again two point six million dollars.

If you finance one point 95 million you're looking at a monthly payment of 121800.

Bucks a month.

Property taxes -- -- back 25000 dollars a year.

Back to you after a couple of Heineken and a refrigerator and -- meets in a couple of hours' effect thanks a lot.

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