Some Highlights If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity. Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300. Ready to sell? [...]
Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different today. For [...]
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show [...]
I strive to bring certainty in understanding our Somerset County real estate market. My monthly market update walks you through the economic conditions and trends that influence our local markets. It also offers hyper-local statistics that you will not be able to find elsewhere. You will [...]
I strive to bring certainty in understanding our Bridgewater real estate market. My monthly market update walks you through the economic conditions and trends that influence our local markets. It also offers hyper-local statistics that you will not be able to find elsewhere. You will come [...]
I strive to bring certainty in understanding our Hunterdon County real estate market. My monthly market update walks you through the economic conditions and trends that influence our local markets. It also offers hyper-local statistics that you will not be able to find elsewhere. You [...]
Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. There’s a reason why 72% of people believe it’s a good time to sell. Don’t miss out [...]
Are you thinking about selling your house? If so, you may want to make it a priority to start the process soon. According to realtor.com, the sweet spot for sellers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data [...]
The link between financial security and homeownership is especially important today as inflation rises. But many people may not realize just how much owning a home contributes to your overall net worth. As Leslie Rouda Smith, President of the National Association of Realtors (NAR), says: “Homeownership is rewarding in so many [...]
Find out what is causing this tremendous change in the real estate market. Don't forget to check out our latest market reports!