Spectacular new listing in Apple Ridge, Wall Township!

Market News

The Jersey Shore’s 25 Most Essential Restaurants

June 15, 2017Pete and Eldas's bar carmen's pizzeria pizza on the jersey shoreThe Jersey Shore is more than just spectacular beaches. Some of the best eateries can be found here too. Whether you are seeking a delectable lunch or dinner or simply looking to satisfy a sweet tooth, there is no shortage of places to peak your interest at the Jersey Shore.

According to Eater.com, these are the 25 best. Come on down and taste for yourself. You be the judge!

Read More: ny,eater.com

Mortgage Rates Plunge to 3-Year Lows!

June 17, 2016InterestRates9With mortgage rates having dropped to 3-year lows – 30 year fixed currently 3.54% – home ownership can’t get much more affordable. ”The 10-year Treasury yield continued its free fall this week as global risks and expectations for the Fed’s June meeting drove investors to the safety of government bonds,” says Sean Becketti, Freddie Mac’s chief economist. What are you waiting for?

Read More: realtormag.realtor.org

Pending Home Sales Move Forward in February!

March 28, 2016mortgage-rates-up1-300x225“Pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, says pending sales made promising strides in February, rising to the highest index reading since last July (109.8).

A Jersey Shore Gem!

We're sorry, but we couldn't find MLS # 21607504 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

 

Read More: realtor.org

How will the Fed rate hike affect housing?

December 16, 2015mortgage-rates-up1-300x225As anticipated, the Fed raised it’s benchmark short-term interest rate. So, how will this affect housing? “The hike is likely to ripple across the U.S. economy, nudging up rates on everything from mortgages to bank savings rates and corporate bonds. But Fed policymakers have stressed they intend to move gradually and in small increments, and will pull back if the economy falters, tempering the impact on consumers and businesses.”

Read More: usatoday.com

Waiting to Buy a Home May Prove Very Costly!

November 11, 2015snow-globe-houseWhat are you waiting for? Inventory may only show a small increase, while you risk rates going up significantly.

“So, if you are ready, consider getting in the market now instead of early spring. You will have more choices and less competition, and you can lock in today’s rates rather than risk rates being 25 to 50 basis points higher. (A basis point is 0.01 percentage point.)

A 50 basis-point increase in rates (for example, from 4.05% to 4.55%) would cause monthly payments to be 6% higher. And that increase would not only affect your monthly cash flow but could also affect your ability to qualify.”

Read More: Realtor.com

This September Might Just Be The Perfect Time to Buy a Home!

September 1, 2015Exterior-4When is the best time of year to buy a home? In 2015, you may just find that September is the time to sign that contract. There are three factors that impact this:

First, many people have been holding back on purchasing, because they simply haven’t been able to anything that excites them enough. With listing inventory increasing, that something special might be available now. Second, demand appears to be decreasing. This means less competition for more of a selection. Third, the very low mortgage rates mean that you can buy a better home for less money.

 

Read More: Realtor.com

Low Mortgage Rates Will Put a Spring in Your Step!

March 19, 2015InterestRates9Spring has arrived and research has shown that it is during this time that houses will sell for 2% more than the average listing and 15% faster than at other times of the year. Couple that with extremely low mortgage rates and you have the perfect recipe for a selling market!

Read More: freddiemac.mwnewsroom.com

Bidding Wars Are Back!

March 20, 2015downloadIf you aren’t experiencing a bidding war in the current market, there’s a good chance you are overpriced. Inventory is low and an improving economy has spurred a rise in buyer demand. So, if you are a seller and your house is not attracting offers, you may want to consider reducing your price.

On the flip side, if you are a buyer who finds a house you like at a price that seems reasonable, don’t wait too long to make the offer. It’s no fun to find the home of your dreams only to discover that the old saying is true, “He who hesitates is lost.”

Read More: Realtormag.realtor.org

A 15-Year Mortgage Might Be More Affordable Than You Think

October 2, 2014Wealth building image“A better option is what we call the Wealth Building Home Loan—a 15-year, fully amortizing, fixed-rate loan that will build equity much faster than a 30-year mortgage. The WBHL concept was unveiled in early September by Mr. Pinto and his colleague at the American Enterprise Institute, Stephen Oliner. The market embraced the idea, and WBHL-style loans are already being originated and distributed by the Neighborhood Assistance Corp. of America (NACA), a national nonprofit based in Boston that works primarily with low- to moderate-income borrowers. Citigroup and Bank of America have signed on to fund NACA’s 15-year mortgages.”

Read More: Wall Street Journal Online

Consumers Show Renewed Confidence In Housing Recovery

March 10, 2014 – According to Fannie Mae, overall attitudes toward housing brightened in February. “That renewed confidence in home prices spurred a boost in those saying now is a good time to buy a home; that number was up 3 percentage points from January to 68 percent.”

Read More: dsnews.com

Why 2014 is a good year to buy a home

January 1, 2014IMG_3665 (600 x 425)If you didn’t buy a home in 2013, don’t make the same mistake in 2014. In the past 12 months, home prices climbed nationally an average of 13.6 percent, and market forecasters are predicting another year of real estate gains for this year.

Read More: cbsnews.com

If investors bail on housing, what then?

February 12, 2014 – “As housing re-enters the real world, demand and credit will be the wild cards to keep sales and prices in the positive.”

Read More: cnbc.com

Homebuilders Forecast A Steady Rise In 2014

February 7, 2014 – “Consumers are back, pent-up demand is emerging, there is a growing need for new construction, distressed sales are diminishing and builders see it.” ~ NAHB Chief Economist David Crowe

Read More: NationalMortgageProfessional.com

Millionaires See Real Estate as Top Investment for 2014

February 6, 2014 – As equities surge and fixed-income yields remain historically low, wealthy Americans are investing in a rebounding real estate market. In the 12 months ended January 31st, US commercial-property values rose 8% and the S&P/Case Shiller Index of home prices in 20 cities is up 24% from its 2012 low.

Read More: Bloomberg.com

Real Estate Matters: If you buy a foreclosure, expect problems

November 4, 2013 – When you buy a bank owned property, you take risks. The bank has not lived in the home and the bank doesn’t have knowledge about the home’s history. You, as the buyer, must take extra care when buying a foreclosed home.

Read More: washingtonpost.com

Homebuyers more likely to use real estate agents, even as Internet usage hits an all-time high

November 4, 2013 – “Use of the Internet among consumers in the homebuying process continues to grow, but those buyers are more, not less, likely to use a real estate agent, according to an annual survey from the National Association of Realtors.”

Read More: inman.com

Home prices post strongest annual gain in nearly 8 years

November 6, 2013 – Home prices in most metropolitan areas grew significantly in the third quarter, with the national median price rising at its fastest annual clip in nearly eight years, according to the National Association of Realtors (NAR).

Read More: inman.com

Credit cuts out would-be homebuyers

November 5, 2013 – “Investors may be reaping the rewards of the housing recovery, but regular buyers, especially single and first-time buyers, are still on the outside looking in.”

Read More: cnbc.com

Banks offering mortgages with only 5% down payments

November 5, 2013 – “Good news for home buyers who don’t have a lot of cash on hand: Banks are offering loans with down payments of just 5%.”

Read More: cnn.com

Mortgage rates fall two weeks in a row: Freddie Mac

October 31, 2013 – The 30-year, fixed-rate mortgage sank to 4.10%, from 4.13% last week, but is still up from 3.39% last year, Freddie Mac said in its Primary Mortgage Market Survey.

Read More: Housingwire.com

The Place in Your House You Never Thought to Stage

August 5, 2013 – “No detail is too small for a home buyer. And while you’re making sure the kitchen counters are decluttered and sparkling clean, you might want to take a closer look in the refrigerator too, particularly if it’s staying with the house.”

Read More: Realtor.org

Average 30-year mortgage rate falls to 4.13%

October 24, 2013 – “Average U.S. rates on fixed mortgages dropped this week to their lowest levels in four months, a positive sign for the housing recovery.”

Read More: usatoday.com

Why Real Estate Could Be The Next Hot Investment, Even Now

October 8, 2013 – “Real estate is a great place to put your money,” Schneider, who is the firm’s CEO, says. “On a risk-adjusted basis, it has a relatively low risk and a relatively high yield in the spectrum of investments with an immediate return.”

Read More: Realtor.org

Coldwell Banker hosts ‘Fall in Love with the American Dream Open House Event’

October 10, 2013 – “On the weekend of Oct. 19-20, Coldwell Banker Residential Brokerage is hosting a “Fall in Love with the American Dream Open House Event,” encompassing the entire region covered by the real estate company’s 56 offices throughout New Jersey and Rockland County, N.Y.”

Check out the two homes below on Saturday, 10/19 and Sunday, 10/20 from 1:00pm to 3:00pm during the “Fall in Love with the American Dream” event:

Address Price Beds Baths More

We're sorry, but we couldn't find MLS # 21316105 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # 21317151 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Read More: Atlanticville

Governor Announces Additional Elevation Assistance

July 22, 2013 – Governor Christie announced hazard mitigation elevation assistance up to $30,000 with no income restrictions.

Read More: Patch.com

June Existing-Home Sales Slip but Prices Continue to Roll at Double-Digit Rates

July 22, 2013 – Just Released: Existing-home sales declined in June, but stayed 15% above June 2012′s level. Meanwhile, median price shows seven straight months of double-digit year-over-year increases.

Read More: Realtor.Org

Buying a Home? If You Can, Buy Two

July 22, 2013 – “The housing market has bottomed. It’s not too late to get involved. Buy a home and, if you can, buy a second home.” ~ John Paulson

Read More: KCM Blog

How a greener home could get you a bigger mortgage

July 19, 2013 – “The idea is pretty simple: Let the energy savings in a home from green technology, like solar panels and high-efficiency appliance, add to the value of the home on the appraisal and in the mortgage calculation.”

Read More: CNBC

Good News on Mortgage Rates? They’re Seen As “Stabilizing”

July 19, 2013

Read More: AOL.com

Top 7 Reasons Why Now Is A Good Time To Buy A House

July 10, 2013 – It’s a great time to buy a house. Here are at least 7 reasons.

Read More: PCM Bankers

Consumer Mortgage Rate Expectations Spike as Buying and Selling Sentiment Wane

July 8, 2013 – Outlook on housing and finances my spur potential homebuyers to act sooner rather than later. Let me show you how buying now may be in your best interest.

Read More: Fannie Mae

Pending Home Sales Soar 6.7 Percent to Reach 6-Year High

June 27, 2013 – Perhaps the jump in mortgage rates to about a 4.5% fixed 30 year had something to do with the 6.7% soar in pending home sales to reach a 6-year high.

Read More: CNBC

House Sale Price: List It Right from the Beginning

June 26, 2013 – It is of utmost importance to price your property right from the very beginning. Be sure to list your property with an agent who can show you how they are determining the price of your home.

Read More: KCM Blog

FEMA: Think About ‘Substantial Damage’ Determinations When Planning Home Repairs

June 25, 2013 – Be sure to review everything you sign and understand what you are signing up for.

Read More: patch.com

Existing-Home Sales Rise in May with Strong Price Increases

June 20, 2013 – Even Though Home Prices Continue To Rise, That Doesn’t Mean You Still Can’t Get A Good Deal!

Call me and I’ll find the perfect property for you!

Read More: Realtor.org

Senator Menendez Introduces Legislation to Avoid Flood Insurance Increases

May 28, 2013

Read More: Insurance News Net

When to Buy a House? Right Now!

June 3, 2013 – “Today, we want to explain that the greatest risk a buyer can take right now is actually waiting to buy a home.” ~ The KCM Crew

Read More: KCM Blog

Impact of Rising Mortgage Rates on Home Sales

June 3, 2013 – The National Association of Realtors (NAR) predicts that mortgage rates will be closer to 5% this time next year, compared to the 3.5% average we have been experiencing in the recent months. Check out their chart if you want to understand why buying sooner rather than later is best for you!

Read More: Economist's Outlook

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