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 …
Jan 30
85 85th Street, Sea Isle City, NJ. 08243 Listing courtesy of Dustin Laricks – COMPASS RE – Sic $1,599,000 Est. Mortgage $9,771/mo*4 Beds4 Baths Description about this home for sale at 85 85th Street, Sea Isle City, NJ. 08243 Welcome to your new Ocean Cove retreat at 85 85th Street, Sea Isle City. This spacious …
Jan 30
Economists eye two possible scenarios: Rates could rise to 8% or higher by the end of the year, or they could stabilize. Know what to expect. Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% …
Jan 29
The third quarter may have marked the end of price surges as higher mortgage rates put a damper on projections for property appreciation. Read more from NAR’s latest report. Home prices continued to climb in the third quarter of this year, but the upward trend may finally be coming to an end, according to the …
Jan 29
Sea Isle City / Jersey Shore Home – 133 E 37th St. E #SEA, Sea Isle City NJ. 08243 Listing courtesy of Maureen Hoey – BHHS FOX and ROACH-Sea Isle City $2,499,000 Est. Mortgage $15,188/mo*6 Beds5 Baths Description about this home for sale at Sea Isle City / Jersey Shore Home – 133 E 37th …
