According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me […]
The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s available for sale, it’s a great […]
In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – […]
Published by NAR / Realtor Magazine Many homeowners have spruced up their homes during the pandemic. But major remodeling upgrades could result in homeowners needing to update their insurance, too. Otherwise, the home may be under-insured if a disaster ever strikes. “Remodeling your home can lead to higher insurance rates, since a home remodel often […]
Photo by Pexels The Ultimate Gift Guide For New Homeowners Guest Post by Suzie Wilson of Happier Home There are few life events more exciting than purchasing a new home. If you’re looking to help family or friends celebrate their new house, knowing what to give to echo a sentimental moment can be challenging. Real […]
8.9 Million People Relocated Since the Beginning of the Pandemic Check out this interesting article on migration within the U.S. since the pandemic started. Note the interactive maps where you can see where people are coming into and out of your own state and how many gains/losses each state has. https://www.nar.realtor/blogs/economists-outlook/8-9-million-people-relocated-since-the-beginning-of-the-pandemic Interesting to note for […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in November 2020 compared to last year. As in previous months, we continue to see lower levels of inventory, larger quantities of homes sold, and increase in pricing in every category. Single-family homes in both counties spent less time on the market, […]
Image courtesy of Unsplash How to Ensure Your First Rental Property Stands Out from the Crowd A Guest Post from Suzie Wilson of Happier Home In the world of real estate investments, blending in is never a quality associated with success. Whether you’re aiming for your first go-round in vacation homes, purchasing an apartment complex, […]
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new […]
November 17, 2020 REALTOR® Magazine Live Melissa Dittmann Tracey Studies show that staging a property can lead to a higher sales price and a quicker sale, whether in a buyer or seller’s market. But novices’ mistakes—such as a lack of insurance or minimalist vignette staging that fails to convey the full attributes of a room—could have the […]
Let’s compare how the real estate market in Monmouth and Ocean counties performed in October 2020 compared to last year. “It should start slowing down soon.” That is what I figured would happen as we approach the fall holidays, but so far, that has not been the case. I am still working with buyers encountering […]
As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise […]
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of […]
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying […]
