The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for […]
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try […]
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage […]
From Chris Kolmar from Homesnacks Here are the 10 most expensive places to live in New Jersey for 2021: Englewood Cliffs Palisades Park Asbury Park Ridgefield Upper Saddle River Fairview Passaic Cliffside Park Union City Belmar More info at the original article site.
Article from DQYDJ.com How much does noise affect real estate prices? Ever wonder how much better a house would be if it wasn’t near a highway or main street? One web site linked a study measuring how loud noise affects real estate values. They looked at how an increase or decrease in average 24 hour day night sound levels, Ldn, […]
From Realtor Magazine No home is perfect. About 86% of home inspections will find something that needs to be fixed, according to a study on home inspections from Porch.com, a home improvement website. A home inspection can cost around $300 to $500, but studies estimate it could save the buyer an average of $14,000. A […]
From the National Association of Realtors What type of washing machine is best for you? The answer depends on your preferences, budget, and your laundry area space. Among top-loading washing machines, there are two primary options. Old school agitator styles with a rotating pole in the drum center are still the most popular type of […]
By: Melissa Dittmann Tracey of REALTOR Magazine A quarter of Americans say the pandemic has changed their housing preferences, according to a newly released survey of about 3,000 recent home shoppers and buyers conducted last summer by the National Association of Home Builders. Growing demand for more square footage—particularly popular among those who work remotely—as […]
BY: Scholastica (Gay) Cororaton of the National Association of Realtors Every month, the National Association of REALTORS® conducts the REALTORS® Confidence Index Survey to gather on-the-ground information from REALTORS®.1 This feedback from REALTORS® provides valuable information at the local level that are then aggregated to create a national or broad picture of housing market trends. Here are five […]
From Realtor.com Magazine: Subzero and Arctic temperatures across a dozen states this week are putting homes’ pipes at risk of bursting. As water freezes, it expands. That can put pressure on metal or plastic pipes, prompting them to burst and leading to costly repairs and home destruction. Homes in the northern parts of the U.S. […]
With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting: “The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue […]
Shared with me by the folks at Evident Title Company. You picked your dream house. Your offer has been accepted and a home inspection completed. Now your attorney contacts the title insurance agency. You might be wondering, “Do I need title insurance?” “Besides life insurance, it’s the one insurance you will buy that you hope […]
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. […]
In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending […]
