Prices Hit New Highs, But More Homes Cut Prices

The most recent report from Redfin is that the median sale price of a home domestically hit an all-time high of $394,000 during the first week ending June 9th. Part of it might be attributed to the easing of mortgage rates down to approximately 6.5%, but demand for...

NJ Homeowners Gain Nearly $60K in Equity

The Northeast posts some of the biggest home equity gains in Q1 2024. According to the recent CoreLogic report, New Jersey posted an average $59,000 increase in homeowner equity, placing it at number 3. California came in number 1, Massachusetts number 2 with New...

Buying a Short-Sale in New Jersey Part 2

What a Buyer Needs to Have Pre-Approval Letter: Before making an offer on a short sale, obtain a mortgage pre-approval letter from your lender, unless you are buying for cash. This demonstrates to the seller and their lender that you are a serious and qualified buyer....

Buying a Short-Sale in New Jersey Part 1

Buying in New Jersey How to Find a Short Sale in the Garden State For potential home buyers in New Jersey, purchasing a short sale property can be an option to dip their toe into this market. However, it comes with its own set of complexities and risks. Here’s a quick...

What to Expect from the 2024 Real Estate Market

What to Expect in the Real Estate Market in 2024? Inventory will continue to edge higher but still will not bridge the number of homes available for sale as was in 2019. The high interest rates will continue to thwart new buyers from entering into this market. Some...