Fewer New-Home Starts The decrease in new-home construction affects the overall housing market, including the rental market, says Lawrence Yun, chief economist of the National Association of REALTORS®. Housing starts in July dropped 7%, and single-family home construction within that fell 4.5%, the Commerce Department reported Wednesday. “Rents will be soaring in the coming months, especially …
Tag: Anthony DiDonato
Aug 23
Places to Buy a Vacation Home
Places to Buy a Vacation Home Vacation homes are in demand since the pandemic, but which hot spots are consumers targeting that offer some of the best investment potential? Vacasa, a vacation rental management platform, released its 2021 Top 25 Best Places to Buy a Vacation Home report, identifying the top U.S. destinations for purchasing …
Aug 20
Still Renting? The leap from renter to owner is closer than you think!
Still Renting? The leap from renter to owner is closer than you think! With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Aug 18
Sea Isle City / Jersey Shore Real Estate – 3500 Boardwalk #225N Sea Isle City, NJ 08243
Sea Isle City / Jersey Shore Real Estate – 3500 Boardwalk #225N Sea Isle City, NJ 08243 $824,500 Est. Mortgage $4,193/mo* 2 beds 2 Baths 1053 Sq. Ft. Description about this home for sale at 3500 Boardwalk #225N Sea Isle City, NJ 08243 Oceanfront condo with million dollar views over the ocean from Atlantic City …
Aug 18
Listings Begin to Linger
Listings Begin to Linger Even in this ultra-hot competitive market, there’s a limit to what home buyers are willing to pay. Some home sellers are starting to see their listings linger on the market, and those sellers may face the prospect of a price cut. Realtor.com®’s July housing data showed that about 45 cities of …
Aug 18
REALTORS® See Hope for Eviction Ban to Be Overturned
REALTORS® See Hope for Eviction Ban to Be Overturned A federal judge rejected a request from housing groups on Friday to block the Centers for Disease Control and Prevention’s latest eviction moratorium, but the legal fights are far from over. Led by the Alabama and Georgia associations of REALTORS®, with the National Association of REALTORS®’ …
Aug 17
Jersey Shore / Sea Isle City Home – 4901 Central Ave Sea Isle City, NJ 08243
Jersey Shore / Sea Isle City Home – 4901 Central Ave Sea Isle City, NJ 08243 $1,199,000 Est. Mortgage $5,295/mo* 4 Beds 3 Baths 1800 SQ. Ft. Description about this home for sale at 4901 Central Ave Sea Isle City, NJ 08243 Corner model with unobstructed views of the bay from inside and outside of …
Aug 17
Mortgage Rates Rise for First Time in 6 Weeks
Mortgage Rates Rise for First Time in 6 Weeks Mortgage rates inched up slightly from their near all-time lows this week. The 30-year fixed-rate mortgage averaged 2.87%, Freddie Mac reported. “Following last Friday’s strong jobs report, which revealed broad based gains in employment and wage growth, mortgage rates are moving higher,” said Sam Khater, Freddie …
Aug 17
Renters facing bidding wars
Renters facing bidding wars Bidding wars are growing more commonplace in the rental market as the demand for apartments and single-family rentals outpaces the supply. “We’ve been leasing property for almost 20 years, and we haven’t seen an applicant pool this competitive since we’ve started,” Vipin Motwani, managing principal at Iron Gate Development in Clinton, …
Aug 16
Sea Isle City / Jersey Shore Home – 28 53rd St #East Sea Isle City, NJ 08243
Sea Isle City / Jersey Shore Home – 28 53rd St #East Sea Isle City, NJ 08243 $1,699,000 Est. Mortgage $7,414/mo* 5 Beds 4 Baths Description about this home for sale at 28 53rd St #East Sea Isle City, NJ 08243 Amazing Views and Location! This is what you’ll get with this custom built, beach …
Aug 16
First-Time Home Buyers
First-Time Home Buyers Mortgage demand for home purchases reversed course last week, after falling for the past month, the Mortgage Bankers Association reported Wednesday. Mortgage applications to purchase a home increased 2% for the week and offered a signal that more first-time buyers may be emerging. Still, purchase applications are 18% lower than a year …
Aug 16
Single-Family Lot Values
Single-Family Lot Values Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders. The higher prices for lots—along with material costs—have pressed on buyers’ and builders’ budgets …
