Plan for 270 condos near airport draws criticismOkay, can somebody explain to me what the Ewing Township planning board was thinking? They are going to put 270 condos less than 1000 feet from a Trenton-Mercer airport runway. The fact that there are complaints from other Ewing residents who live with the noise on record did not seem to matter. People moving into these condos are not expected to put a strain on the school system i.e. singles or empty nesters downsizing after raising their families. I can just see it, you’ve gotten Suzy and Joe Bob Jr. through college, nearing retirement. The kids are beginning their lives and now its time to downsize the homestead. Happy retirement? Not likely with the whine of 280 planes and helicopters taking off or landing each day! Who is going to want to live with that?
Fed finally takes break: Interest ratesAfter two years of increases, it’s good news about the short-term interest rates from the Fed. They are going to remain at 5.25 percent at least for now. The prime rate (what banks charge their best customers) is 8.25 percent for now. The move will not affect mortgage lending rates yet.
Toll Brothers says home building still sliding
News from Toll Brothers is not good. Orders for new housing fell 47% this quarter for Toll Brothers so it cut its forecast for the number of homes it expects to sell for the fourth time this year.
Technorati: NJ Real Estate News, Real Estate, NJ Real Estate Blogs, NJ Housing, New Jersey, New Housing, Fed Rate, Interest Rates, New Home Building, Ewing Housing, Airport Condos
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