Feb 07
4111 Landis Ave #B, Sea Isle City, NJ. 08243 Listing courtesy of Keith Reidy – SEA ISLE REALTY $799,000 Est. Mortgage $5,323/mo*2 Beds2 Baths950 Sq. Ft. Description about this home for sale at 4111 Landis Ave #B, Sea Isle City, NJ. 08243 Beautifully maintained 2 bedroom, 2 bath condo, located one block from the beach …
Feb 07
There’s some encouraging news in NAR’s latest housing report, though sales of existing home are still falling amid economic uncertainty. Home sales continued sliding in September as home buyers retreat from the market amid near-7% mortgage rates and mounting recession fears. Total existing-home sales—comprising transactions for single-family homes, townhomes, condos and co-ops—dropped 1.5% last month …
Feb 06
Forced to slow down construction as buyer demand plummets, builders predict lower home starts through 2023. Builders are pulling back as the new-home market stalls, and a slowdown in construction is projected to last through 2023. In a housing market already sorely lacking inventory—which is leading to falling home sales—this isn’t good news for buyers …
Feb 06
6717 Pleasure Ave N, Sea Isle City, NJ. 08243 Listing courtesy of Ian Ciseck – LONG & FOSTER REAL ESTATE, INC sic6 Beds5 Baths3300 Sq. Ft. $3,450,000 Est. Mortgage $21,174/mo* Description about this home for sale at 6717 Pleasure Ave N, Sea Isle City, NJ. 08243 A rare find, this sprawling Ocean Front Townhome is …
Feb 05
209 80th St. E. Sea Isle City, NJ. 08243 Listing courtesy of Moira K. Smith – COMPASS RE – Sic $1,450,000 Est. Mortgage $8,784/mo*5 Beds4 Baths1952 sq. ft. Description about this home for sale at 209 80th St. E. Sea Isle City, NJ. 08243 Smile you’re in Townsends Inlet!!!! This skillfully crafted Tom Welsh Built …
Feb 05
NAR Chief Economist Lawrence Yun paints a picture of what could happen with borrowing costs once it passes a critical threshold. Mortgage rates remained just shy of 7% this week—the 30-year fixed rate loan is at 6.94%—which could be a “new normal” after recent rapid increases in borrowing costs, says Nadia Evangelou, senior economist and …
Feb 02
Despite signs of a housing recession, some buyers will be back to try again. The housing recession is here, but it’s not what you might think. There’s very little distress in the market, with less than 1% of home sales in foreclosure or needing a bank-approved short sale. Owners’ aggregate housing wealth, the asset valuation …
Feb 02
1 Lawrence Rd. #A2B, Broomall, PA. 19008 Listing courtesy of Jim Whelan – RE/MAX Ace Realty $234,900 Est. Mortgage $1,588/mo*2 Beds1 Bath985 Sq. Ft. Description about this home for sale at 1 Lawrence Rd. #A2B, Broomall, PA. 19008 Great 2 Bedroom 1 Bath Second Floor Condo! This wonderful home has been remodeled in 2023 with: …
Feb 01
7006 Landis Ave, Sea Isle City NJ. 08243 Listing courtesy of Nicholas Screnci – SEA ISLE REALTY $1,895,000 Est. Mortgage $11,339/mo*6 Beds5 BathsNew Build Description about this home for sale at 7006 Landis Ave, Sea Isle City NJ. 08243 Situated in the south end this NEW CONSTRUCTION has the perfect location for the whole family. …
Feb 01
Rising interest rates have increased the average monthly loan payment by a whopping $1,000 year over year. With the rate for a 30-year mortgage rising to 7.08% this week—the highest average since April 2002, according to Freddie Mac—the average monthly loan payment is now $1,000 more than a year ago, Nadia Evangelou, senior economist and …
Jan 31
Persistent inflation is proving “quite harmful to the housing market,” says NAR Chief Economist Lawrence Yun. The housing market is quickly contracting as rising mortgage rates and stubbornly high inflation prompts more home buyers—and even sellers—to back away. The National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on home contract signings, …
Jan 31
7708 Pleasure Ave S. Sea Isle City, NJ. 08243 Listing courtesy of Christopher Oliva – COMPASS RE – Ocean City $1,799,000 Est. Mortgage $10,805/mo*5 Beds4 Baths2182 Sq. Ft. Description about this home for sale at 7708 Pleasure Ave S. Sea Isle City, NJ. 08243 Welcome to 7708 Pleasure Ave (south unit), a captivating beach block …
