Get to Know Evesham Township

Get to Know Evesham Township

Years ago, when I still lived in Philadelphia, I remember going with my parents to drive my brother back to Monmouth College in the 60's.  To get there we used to drive down Route 70 through Evesham Township.  I had no idea where we were.  It was as though we were driving through the wilderness somewhere.  Check out Evesham from the past (compliments of John Flack, Jr.)

And now, I've been living in Evesham since 1979.  What a change from the 60's.  There many farms operating in the township.  I believe the only operating farm in the township now is the Testa Farm on Elmwood Road.  If you're looking for fresh tomatoes, corn or other trees, bushes, flowers or fruits and vegetables, there's no better place to go for quality and great service.

There are so many great places to shop, like The Promenade, Marlton Crossing and Marlton Square.  Great places for food shopping like Trader Joes, Whole Foods, Genaurdis and Shoprite.  And many upscale shoppes at The Promenade on Route 73.

Where in the 60's, housing costs in Evesham were modest, today you can purchase an executive style home in Tuxedo Court, Ravenscliff or Knightsbridge.  The little town of Marlton has grown up and is a major player in South Jersey real estate.

Get to Know CHerry Hill

Get to Know Cherry Hill, New Jersey

 

I moved to Cherry Hill from Philadelphia in December of 1968.  Today's Cherry Hill is much different from the one I got to know in 1968.  There was Wombo's Lunchenette, The Latin Casino, The Cherry Hill Inn, The Ellisburg Circle, The Garden State Race Track......all gone....just memories of years ago.(reprinted from the Cherry Hill Website)

Today, Cherry Hill is a bustling suburb of Philadelphia with lots of shopping, industry and housing.  It is considered by many the HUB of South Jersey.  There's no need to go to Philadelphia to find a great restaurant because there are no shortages of quality restaurants in Cherry Hill.

Housing which used to be expensive compared to surrounding towns is now more affordable.  You can rent a garden style apartment, or buy a condo, townhome or single home in a wide range of prices, from affordable to Oh My Goodness. If you're interested in checking out housing in Cherry Hill, click here!.

Great New Restaurant

While out running around today meeting with clients, dropping off contracts and doing general catch up activities....I decided I needed to eat. I was at the Cambridge Crossing Shopping Center on Route 38 in Mt Laurel and had to choose between Ruby Tuesday, Panchero, Cosi or Bhan Thai. I made the correct choice.

Situated in the corner of the Shopping Center, Bhan Thai is a quaint restaurant with friendly staff and great food.

I looked over the menu for what seemed like an hour and finally decided on the Pad Thai. For those of you unfamiliar with Thai food, Pad Thai is a stir fry with thin rice noodles, pieces of egg. scallions, bean curds, bean sprouts and ground peanuts. My choice of protein was beef. The Pad Thai was delicious.

I also had a choice of soup (egg drop...but not like you get in a Chinese restaurant) or salad. I chose the soup. It was yummy. It was a chicken broth, pieces of what appeared to be fried egg, scallions and bean sprouts. The soup had just the right amount of seasoning and I ate every bit of it. And lunch cost under $10.00.

So, if you want to try something different....try Bhan Thai.
http://www.bhanthaicuisine.com/

I just read this and just wanted to share it with everyone.

Prevent New Tax Burdens on Real Estate

Congress is considering changes to the tax code in order to pay for a number of tax provisions expiring in 2010. Two of these provisions would impact real estate. The first would require all owners of rental properties to file IRS 1099 forms for all contractors they do business with if they pay that contractor $600 or more in any given year. This onerous provision would apply to even the smallest landlord.

In addition, Congress is considering taxing "carried interest" at ordinary income rates instead of capital gains. Carried interest rules govern how general partners in real estate investments pay taxes when the investment is sold.

These new tax burdens will further delay the real estate market recovery. These proposals are ill-advised, inopportune and potentially destructive. Please tell Congress to oppose them today.

Realtors trying to help the market recovery. Let me know your opinion of this.

Realtors(R) to Reinvigorate Efforts Toward Real Estate and Economic Recovery


WASHINGTON, DC -- (Marketwire) -- 05/10/10 -- The National Association of Realtors® is bringing together legislators, public policy makers and industry leaders this week to develop strategies and solutions for addressing ongoing challenges in the real estate market as the Realtors® Midyear Legislative Meetings & Trade Expo begins.

Three days of the meetings, May 11-13, will be devoted to a summit, Realtors® On the Rise: Stabilizing the U.S. Mortgage Finance Delivery System.

"As leading advocates for homeownership, housing issues and private property rights, Realtors® know that the industry must address important issues related to mortgage financing and commercial credit if the real estate markets and larger economy are to truly recover and stabilize," said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz. "We understand how important our industry is to the health of the economy as a whole, which is why we're devoting much of our midyear meetings this year to reshaping real estate in America."

Realtors® from across the country will join Federal Housing Administration Commissioner David Stevens; U.S. Treasury Assistant Secretary for Financial Institutions Michael Barr, Mark Zandi, chief economist and co-founder of Moody's Economy.com; Diane Swonk, senior managing director and chief economist with Mesirow Financial; and political strategists Edward W. Gillespie and Terry McAuliffe in sessions throughout the week. Various government agencies, academic institutions and organizations will also participate, including representatives from the U.S. Department of Housing and Urban Development, U.S. Department of the Treasury, Federal Home Loan Bank of New York, Harvard University, and the American Securitization Forum.

More than 7,000 Realtors® are expected to attend. During the week, they will also meet with legislators on Capitol Hill to urge action toward stabilizing the U.S. mortgage finance delivery system, strengthening housing stability, and improving liquidity for the commercial real estate market.



The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. News releases are posted in the Web site's "News Media" section in the NAR Media Center.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.











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I found this on realtor.org and thought you might find it interesting.
It appears we may be in the beginning of recovery of the real estate
market. I'd love to know your thoughts on this.

Pending Home Sales on an Upswing
Washington, May 04, 2010

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 percent above March 2009 when it was 85.0; this follows an 8.3 percent increase in February. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, said favorable affordability conditions have been working with the tax credit. “Clearly the home buyer tax credit has helped stabilize the market. In the months immediately following the expiration of the tax credit, we expect measurably lower sales,” he said. “Later in the second half of the year, and into 2011, home sales will likely become self-sustaining if the economy can add jobs at a respectable pace, and from a return of buyer demand as they see home values stabilizing.”


The PHSI in the Northeast declined 3.3 percent to 75.1 in March but remains 27.2 percent higher than March 2009. In the Midwest the index increased 1.2 percent to 98.9 and is 18.5 percent above a year ago. Pending home sales in the South jumped 12.7 percent to an index of 121.2, which is 28.3 percent higher than March 2009. In the West the index rose 1.9 percent to 99.9 and is 8.8 percent above a year ago.

“Another encouraging sign is the improvement in the availability for jumbo and second-home mortgages,” Yun said. “As bank balance sheets strengthen, it is just a matter of time before lending of non-government-backed mortgages steadily opens up.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

*The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months. There is a closer relationship between annual index changes (from the same month a year earlier) and year-ago changes in sales performance than with month-to-month comparisons.



An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales.

First quarter metropolitan area home prices and state home sales will be released May 11. Existing-home sales for April will be reported May 24 and the next Pending Home Sales Index will be on June 2; release times are 10 a.m. EDT.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data, tables and surveys also may be found by clicking on Research.
NAR at a Glance
Economic & Housing Indicators


© Copyright NATIONAL ASSOCIATION of REALTORS® | Headquarters: 430 North Michigan Avenue, Chicago, IL 60611

DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020 I 1-800-874-6500

Stop Listening to the Media

If we all listened to the media and how they are reporting
on the real estate market, all the realtors in south jersey
would quit and get full time jobs or go on welfare.

Real estate is local. And the market here in South Jersey
is definitely not the same as the markets in California,
Florida or Colorado.

While the market here is not what it was in 2004 and 2005,
people are still buying and people are still selling.
The inventory is up, prices have adjusted and interest rates
are great.

So, if you're a buyer, this is a great time for real estate.
I welcome comments from all of you including any experiences
you are having in this market. Also, feel free to ask me
any questions. I look forward to hearing from many of you.