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August 2015

July 2015

LONG BRANCH SUMMER EVENTS - AUGUST 2015



LONG
BRANCH SUMMER EVENTS















 

AUGUST
2015















 

Aug 2,
2015 



Blues by the Beach - 7pm



Bands will play
including local bands



Concerts will
be held in West End Park



on Brighton
& Ocean Ave



This week - Bob
DelRosso Band



 







Aug 6,
2015 



Thursday's by the Sea - 7pm



Week-night music series featuring local talent



 

Festival Plaza in Pier
Village



This week - The Bob Burger Band







 



Aug 9, 2015 



Blues by the Beach - 7pm



Bands will play
including local bands



Concerts will
be held in West End Park



on Brighton
& Ocean Ave



This week -
Michael Packer Band



 





Aug 13,
2015 



Thursday's by the Sea - 7pm



Week-night music series featuring local talent



 

Festival Plaza in Pier
Village



This week -After the Reign



 





Aug 15, 2015 - West End Cruise Night - 6-10pm



Popular Classic Car Show with custom cars and entertainment



 

Playing in West End Park -
Familiar Faces



Playing on the Main Stage - Rave On



Special appearance by Reanna Runge and featuring


LOU CHRISTIE!



 





 



Aug 16, 2015 



Blues by the Beach - 7pm



Bands will play
including local bands



Concerts will
be held in West End Park



on Brighton
& Ocean Ave



This week
-Shadetree Mechanics



 





Aug 20,
2015 



Thursday's by the Sea - 7pm



Week-night music series featuring local talent



 

Festival Plaza in Pier
Village 



This week - Goldenseal



 





Aug 23,
2015 



Blues by the Beach - 7pm



Bands will play
including local bands



Concerts will
be held in West End Park



on Brighton
& Ocean Ave



This week - Bob
Lanza 



 





Aug 27,
2015 



Thursday's by the Sea 



7pm



Week-night music series featuring local talent



 

Festival Plaza in Pier
Village



This week - Brian Kirk & The Jirks



 





Aug 29, 2015 - Long Branch Jazz and Blues Festival - 1pm-10pm



Great festival featuring vendors, well known jazz and blues artists
and fireworks on the Great Lawn by the Promenade



 





Aug 30,
2015 



Blues by the Beach - 7pm



Bands will play
including local bands



Concerts will
be held in West End Park



on Brighton
& Ocean Ave



This week - The VooDudes 



 





ENJOY THE
SUMMER!​


Industry news for real estate professionals








The waiting game – floating vs. locking a mortgage rate






















More Than Mortgage
Industry News For Real Estate Professionals




This Issue:





Feature Article




Trending Now




In the News




In the Know























The waiting game – floating vs. locking a mortgage rate

Does it seem like everything in the world affects the financial markets and, in turn, mortgage rates? If so, it's because it's true: today, it's foreign unrest; tomorrow, it's the U.S. jobs report. Home buyers keenly feel the effects of those tumbling dominoes – but to switch metaphors, waiting for the right rate is more like watching a roulette ball bounce around a wheel: where it stops, nobody knows. And this leads to a decision that buyers continue to face: whether to float or lock their mortgage rate.

 
How the game is played
Locking in a rate means exactly that: the buyer locks in the rate and it can no longer be affected by changes, up or down. When buyers "float" the rate, they do nothing but wait for the right moment, just before closing, to lock down their final number.

 
Why play the game?
As with any game of chance, the player's tolerance for risk dictates how long they are willing to stay in it and "let it ride."

 
For a risk-averse buyer, a volatile market with daily fluctuations may be as much of an inducement to lock in a rate as a relatively stable market with modest movements. By locking in a rate today, the buyer ensures that they are not impacted by any market/rate surprises when closing approaches. It's important to recognize that locking in does come with a risk: rates could drop and the buyer could miss out on a lower number – but that risk is offset by the security of knowing that they won't get a higher rate. By the same token...

> Read more
 











Questions? Contact Me:
Eric Larsen

Sr. Loan Officer

Coldwell Banker Home Loans
(732) 539-3911
NMLS #: 271092
Email me

Visit my website

























Trending Now


What to expect from housing in the 2nd half
> Read more

Home prices continue to rise, but for how long?
> Read more

Why you shouldn't worry when the Fed raises rates
> Read more










In the News


Current rates (Freddie Mac)
> Read more

3 big ways the crisis in Greece could affect Americans personally
> Read more

Kiplinger's Economic Outlooks
> Read more





























In the Know

Regrets, I've had a few – the reality of buyer's remorse
When did it happen? When did excitement turn to panic, laughter to tears, and satisfaction to regret? Suddenly, you're at the "buyer's crossing" – ready to step over the tracks to a completed sale – when the bars come down, the lights start flashing and you find yourself staring down buyer's remorse that threatens to break the deal.

 
While you may not face full-on remorse every day, you certainly spend at least a portion of your time reassuring and calming buyers. Here's a fun fact with which to impress your friends and colleagues: buyer's remorse is a real psychological phenomenon that falls under the theory of "cognitive dissonance," first studied in the late 1950s. In a nutshell, it is a state that occurs when a person holds two ideas that are inconsistent with one another – and they will do whatever they can to alter or discard one of them to regain internal harmony.1,2

 
So, here you have your buyer, who, on the one hand, wants "that" house, but on the other hand doesn't want it for one or a variety of reasons. That puts the buyer squarely on your couch, Dr. Real Estate Professional, to try to help them move past their conflict.

 
But what can you do to help avoid having them there in the first place? According to a 2014 Redfin national survey conducted by Harris Poll, 25% of homeowners suffered from buyer's remorse after signing on the dotted line – with most of the regret linked to things like neighborhood, transportation, price and other factors.3 Here are three of the most common causes for remorse – and what you can do to help prevent them before they become deal breakers.

 
Curb "reflective accounting"
How many of your buyers have entered into a contract only to go back over their numbers and realize that they don't stack up? When you first meet with a potential buyer, discuss, in depth, their...

> Read more

























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Christmas in July

























Sunday, July 26th, Municipal Lot Boardwalk



Sea Bright Recreation and Sustainable Sea Bright present Christmas in July. Please join us for a fun filled evening of events designed for the whole family:

​Mr & Mrs Santa Claus arrive at 5:00 PM


    Photos with the Clauses are $10 (6-7:30 PM) *


Sand Castle Contest, age groups: 1-8, 9-12 and 13 and up. Prizes for the winners.


Inflatable rides


Cotton Candy Machine


Movie on the Beach - ELF - starts after sundown.

This is a FREE event, except for photos with the Clauses

 

​* Net proceeds support future Sustainable Sea Bright programs.

 

 







 

 

 

 


Rejuvenate Container Plantings


Rejuvenate Container Plantings 

Container plantings often begin to look a little "peaked" by midsummer. If blossoming is getting sparse on trailing plants like petunias, cut them back to stimulate a new flush of growth and flowers. If your pot or hanging basket contains several plants, trim back any that have grown so vigorously they are over-running their neighbors. Some plants, lobelia for example, may take a break from blooming in the summer heat. Trim them back and you'll get a new flush of blossoms as the weather cools in late summer


Gloria, Your weekly market update from Peoples Bank is here!









For the Week Ending July 17, 2015

 

Gloria,
 
Please enjoy this quick update on what happened this week in the housing and financial markets.
 





In testimony to Congress, Fed Chair Janet Yellen signaled that the Fed would likely raise policy rates later this year. The first hike is expected in September.

Retail sales slipped slightly in June, raising some concerns that the economy could be slowing down. Slow economic growth is good for mortgage rates.

Greece has finally agreed to terms for financial bailout in Europe. The recent turmoil supporting rates will likely no longer be a factor.

The NAHB reports builder confidence at the highest level since 2005. More builders are optimistic about current and future sales conditions for new homes.

Foreclosure activity was at the lowest level in a decade during the first half of 2015. Foreclosure starts are below pre-crisis levels, signaling housing market strength.

First-time buyers are gaining confidence and continue to join the housing market. Their participation has increased from 27% to 32% of the market year-over-year.

A young businessman had just started his own firm. He rented a beautiful office and had it furnished with antiques. Sitting there, he saw a man come into the outer office. Hoping to look like a hot shot, the businessman picked up the phone and started to pretend he was working on a big, important business deal.
He threw huge figures around and made giant commitments. Finally, he hung up and asked the visitor, "Can I help you?"
The man said, "Yeah, I've come to activate your phone lines."
 

 
 
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Gerald Santoro
Peoples Home Loans
Mortgage Banker
NMLS # 630694
(732) 784-8119
gsantoro@bankingunusual.com
bankingunusual.com/about-us/bankers/gerald-santoro

     MEMBER FDIC NMLS# 690890


45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]





45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]

45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]

Posted: 17 Jul 2015 04:00 AM PDT

Some Highlights:

The National Association of REALTORS® surveyed their members for their Confidence Index
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
Homes sold in 60 days or less in 35 out of 50 states and Washington D.C.
Only 7 states had a median sold date longer than 90 days.