Market Report: April 30, 2013

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Lower than Low?Mortgage rates hover around historic low

Thirty-year fixed mortgages dropped again last week, hitting 3.4%. This is down slightly from the prior week by 0.01%, and less than 0.1% away from the historic lows seen in November. What’s more, 15-year fixed-rate mortgage hit a new low last week landing at 2.61%. Prior to last week, the record was 2.63%. This welcoming trend has driven many to act, and the trend is expected to continue as the market gets more and more competitive in the warmer months. …Read more

Looking to take advantage of some of the lowest mortgage rates in decades? Contact Suburban Jungle now and speak with a neighborhood expert who can help steer you towards the area and home of your dreams. Act now before rates begin to rise! Click here to contact Suburban Jungle or to view some of the latest homes to hit the market in NY, NJ and CT.

Check Out…Briarcliff Manor!

The Village of Briarcliff Manor is positioned along the scenic Hudson River, less than 25 miles north of Manhattan. From its quaint, tree-lined downtown to its stunning waterfront spaces, this “Village between Two Rivers” offers a variety of unique amenities and activities for all ages.

SJ’s Home of the Week!

We love this stunning French Colonial in Briarcliff Manor. With more than 6200 sq’ of open living space, 4BRs, 6.2BAs, a gourmet kitchen, deck, wine cellar, media room and two master suites, we’re thinking about calling this one home—and never leaving!  Click here and see it before it’s gone.

What’s the Buzz in YOUR Neighborhood? There’s A LOT going on this week! Here’s some great happenings in your current—or future—neighborhood.

Kinnelon, NJ

BRAKE for a Cause:This Sunday join cyclists of all ages and skill level for BRAKE the Hunger Cycle Tour, the largest charity bike event in northern New Jersey. Choose from routes ranging from 4 miles to 62, then enjoy an afternoon of BBQ and events, with proceeds aiding local hunger initiatives. Click here for more. for more.

Greenwich, CT

Pinkberry for Haiti: Saturday from 12:30PM – 4:30PM Pinkberry at 369 Greenwich Ave will be donating 20% of sales to Hand in Hand with Haiti. The group was created by Central Middle School students whose goal is to build a primary school in Haiti. Stop by and grab a sweet treat! Click herefor more.

Oceanside, NY

Cinco de Mayo! Enjoy a new twist on Cinco de Mayo by joining fellow art and music lovers at Temple Avodah for an evening not to be missed. Indulge in a savory scotch and wine tasting followed by an exclusive art exhibition and auction. Live music will be playing all night to keep attendees grooving!  Click here for more information.


Forbes has published its annual list of the most expensive zip codes, and the top ten may surprise you. Three NYC zips made the cut—10012, 10014 and 10065—along with Alpine, NJ where the median home price is more than $3.8 million (DOWN 8% year-over-year!). Other spots in our area that made the list include Old Westbury, Greenwich, New Vernon, Purchase and New Canaan. Where does your neighborhood fall? Click here for the complete list.

Inspect It! 

With the increased competition for properties, many home buyers will do whatever it takes to secure the home they’ve been vying for—but that shouldn’t include waiving inspections. Having a professional inspection is essential and can ensure buyers avoid many pitfalls in the weeks, months and even years that follow. While sellers may prefer an “as is” sale, this precludes them from being responsible for anything not immediately visible. And there’s very often something hiding below the surface……read more