Category Archives: Real Estate News
Why Experts Urge Their “5-Year Rule”
Even some veteran renters are looking at today’s housing market and wondering whether it’s time to start an Eastern Monmouth County home search. With prices and mortgage rates as low as they are while rents continue to move higher, the numbers point to home ownership as an ever more obvious choice.
But that’s just the quick, back-of the envelope budget equation: monthly rent vs. mortgage payment less tax savings. If this Summer finds you at the start of your own Jersey Shore home search, many financial advisors recommend that you also consider another rule of thumb – you should plan to stay in your new home for at least five years.
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Posted in Bradley Beach Information, bradley beach real estate, Bradley Beach rentals, Buyers, Financing, home price, home sales, inventory, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, Real Estate Market Trends, Real Estate News, Real Estate Trends, Rental Market, Sellers
Tagged home buyers, home owners
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Housing Turnaround Picks Up Steam
Last week’s report indicated that the 5.9% increase was more than three times greater than economists expected. According to the National Association of Realtors in Washington, the index of pending home resales climbed 5.9% to 101.1. This matches the two-year high reached in March. Continue reading
Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, Financing, home price, home sales, inventory, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, Real Estate Market Trends, real estate market update, Real Estate News, Real Estate Trends, Sellers
Tagged home sales
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Cooling Your Home Energy Costs This Summer
This past Memorial Day Weekend marked the first truly HOT days of the season here on the Shore. And many of us automatically fire up the air conditioner. While that may seem like the only way to keep our property from broiling, later — when we open up the next electric bill – we’re reminded once more that it isn’t necessarily the most efficient.
There can be longer-range benefits to battling the heat using a more energy-conscious strategy. If you later decide to put your property on the market, I find it is now common for prospective buyers to ask to see a year or two of utility bills – and you don’t want those to cool your prospects’ enthusiasm!
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Posted in Bradley Beach Information, bradley beach real estate, Energy Savings, Green, Green Your Home, Healthy Living, Jersey Shore Rentals, New Jersey Real Estate, preparing your home for sale, Real Estate News, Rental Market
Tagged cooling your home, electricity savings, energy efficient, home ownership, program your thermostat, summer savings
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U.S. Home Sales Market on the Rise
According to the National Association of Realtors®, first quarter statistics again point to better home sales figures. This time it was the prices of single family homes that rose in half of the major cities in the United States. Because of the wide differences between regional and state conditions, these figures are never in 100% lockstep, but Eastern Monmouth homeowners should be encouraged by the report’s breadth: prices rose in more than twice as many cities as fell. Continue reading
Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, home price, home sales, inventory, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, pricing your home to sell, Real Estate Market Trends, real estate market update, Real Estate News, Real Estate Trends, Sellers
Tagged My Home Worth
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Taking Stock of Your Shore Area Home’s Value
Figuring out your home’s value when the market is in flux is truly a job for experts. We have seen the national real estate market begin to rebound, and expect shore area home values to soon start to reflect movement as well. Most local homeowners are in the habit of keeping an eye on area home values. But especially for anyone considering buying or selling this spring or summer, estimating their home’s value is one of the first items on the agenda. Continue reading
Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, curb side appeal, For Sale By Owner, FSBO, Home Enhancement, home price, home sales, home staging, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, pricing your home to sell, real estate market update, Real Estate News, Real Estate Trends, Sellers
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Rain, Rain, Go Away… Why looking for a new home on a rainy day can be a good idea.
When you think about looking for a new how you would probably prefer a nice, sunny day, right? Really, who wants to have the image of their dream home marred by dreary and depressing weather when this time of year we can opt for a cheery spring day?
Well, looking for a new home on a rainy day can actually be a good idea.
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DIY Moving Tips
Good news! There are foolproof methods out there to restore sanity to the madness during the newspaper crumbling, bubble wrapping, and encounter overloaded boxes
The madness doesn’t have to continue. Here’s how…
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So you made a mistake on your taxes… NOW WHAT?
What should you do if you made a mistake on the federal return you have already filed? Well, it depends on the type of mistake that you made. Many mathematical errors are caught in the processing of the tax return itself so … Continue reading
Spring has Sprung! Put some “sweat equity” into your home…
If you’re like most people, your home is one of, if not the largest investment you’ll ever make and maintaining it is key to protecting its value. With Spring upon us, there’s no better time to put a little sweat equity into your home! Continue reading
Posted in Bradley Beach Information, bradley beach real estate, Bradley Beach rentals, Community Involvement, curb side appeal, Energy Savings, Green, Green Your Home, Healthy Living, Home Enhancement, home staging, jersey shore real estate, New Jersey Real Estate, preparing your home for sale, Real Estate News
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March 2012 Market Update
March 2012 Market Update
Opportunities in the housing market continue to grow for buyers and sellers. Home affordability, driven mostly by record low interest rates, is among the lowest it has ever been. According to the National Association of Realtors, and based on national averages, the payments on a home today represent 12.8% of the median household income. This is both a good sign for those looking to purchase a home, and for the economy overall as consumers are keeping more money in their pockets.
If you’re a seller, the housing market shows signs of transitioning from a buyers’ market to a more balanced one. This means that home owners should start to see prices stabilize and begin to grow, presenting more favorable opportunities for those looking to sell their homes. In regards to the number of homes on the market, a key indicator of the health of the housing market, Lawrence Yun, NAR chief economist, said, “The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers.”
With continuing job creation, the improving housing sector, and signs that the banks are beginning to lend more, 2012 looks to offer promising opportunities to both those looking to buy or sell a home.
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Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, home price, home sales, inventory, jersey shore real estate, Jersey Shore Rentals, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, Real Estate Market Trends, real estate market update, Real Estate News, Real Estate Trends, Sellers
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