Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing […]
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased half a percentage point from historic lows and […]
In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.” […]
As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on […]
By Anica Oaks via Housecall How often are you really thinking about your home’s plumbing? Even though you and your family likely use your bathroom multiple times throughout the day, you probably don’t think too much about your water pipes. However, ignoring the plumbing in your home can have serious consequences. Here are several reasons […]
Are you in the market to buy or sell your home in the Jersey Shore area? Jersey Shore Real Estate’s agent Meghan Carroll with RE/MAX Elite is your next call! 732-508-7402 Photo via Pexels.com Your Downsizing Efforts No Longer Have to Take a Backseat Because of COVID-19 True, COVID-19 hit pause on life for most […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in July compared to last year. The luxury home market at the Jersey Shore has seen an increase since last summer. Twice the number of homes listed for $1 million+ sold compared to the previous year. There was a slight downtick in […]
Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad Before the […]
Guest Post from Amy Collett of bizwell.org The Senior’s Guide to House Flipping Successfully House flipping is a profitable business, going by ATTOM findings: The average gross profit per flip was $66,300 in 2020, with an astounding ROI of 40%. If you’re a senior looking for a steady income source post-retirement, house flipping might fit […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in June compared to last year. As has been the case in previous months, we still continue to have low inventory levels resulting in higher purchase prices. Single family homes and condos in Monmouth County saw another huge jump in the amount […]
Guest Post by Marvin Viachica Are you considering buying your first property to increase your income? You’ve come to the right place. Purchasing your first income property is extremely exciting, but it can also be quite overwhelming if you don’t know what to look for. Below, we’ve put together a list of four key factors […]
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more […]
Check out this helpful tip list from Steven Rosado from Legion Pro 1. Floor Tile Versus Wall Tile – What tile you select matters in terms of your cost. Wall tile should be square (up to 6”x6”) or rectangular (up to 4”x12”). (We just installed a beautiful 2’x4’ wall tile, but that costs a lot more!) […]
