Market Report: July 2, 2013

Friend on Facebook Follow on Twitter Forward to a Friend Be Sure to Ask... When looking to buy, there are thousands of questions likely swirling through your head. But what are the essential things you've got to know before you put in your bid? RealtorMag has assembled the five questions buyers need to ask - and shouldn't overlook - when buying a home, from noise levels to local rules to school districts and more. See the full list here. What $1 Million Gets You... While $1 million may seem like a staggering figure in most of the country, it's a reality for many NYC dwellers. So what does $1 million get you in our area - and on the other side of the country? It's always fun to be a real estate voyeur...click here!	Mortgages Jump 0.5% Biggest single-week gains in 26 years  Thirty-year fixed-rate mortgages rose significantly this past week, increasing from 3.93% to 4.46%. This hike marks the single greatest increase since 1987. The jump comes on the heels of the Fed's recent remarks that it may reduce its bond purchase program, which has helped keep mortgage rates so low in recent years. Read more... Check Out... Chatham, NJ! Chatham lies at the intersection of new and old, Americana and modern. The result is a borough brimming with a unique charm and pace—and top-notch schools, amenities and access. Its 300+ year history runs through every thread of Chatham, from its quaint downtown to its centuries-old buildings and attractions.  SJ's Home of the Week! This 5-bedroom, 4.1-bathroom new construction sits in the heart of Chatham and offers every modern amenity imaginable. From a gourmet kitchen to high-efficiency multi-zone heating and cooling systems to its gorgeous interior by The Well Dressed House, this amazing home has it all. Click here to see it now!
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.
Fort Lee, NJ Fireworks! Enjoy a fun day of cannon and musket demonstrations, games, music, food and more, followed by a night of jaw-dropping fireworks. The party starts at 2pm at Fort Lee's Historic Park on Hudson Terrace. Click here for more.  Glen Cove, NY Enjoy Sea Faire: Glen Cove is celebrating Independence Day all weekend long, with the Sea Faire festival at Captain's Cove. Enjoy fireworks, great local food, drinks, crafts, live music and much more. For information click here.  Mamaroneck, NY Family Shows: The Westchester Sandbox Theatre's production ofYou're a Good Man, Charlie Brown opens this Saturday, July 6th and runs through July 14th. Tickets are just $20 and $10-$15 for kids. Click here to see the complete schedule.