December was a challenging month for buyers, but January looks a lot more promising
December was a challenging month for buyers, But January looks a lot more promising Don't forget to check out our latest market reports!
Jan
26, 2023
Jan
20, 2023
What’s Really Happening with Home Prices? [INFOGRAPHIC]
Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still [...]
Jan
19, 2023
Learn what the late January 2023 real estate market conditions are across Hunterdon and Somerset Counties
Learn what the late January 2023 real estate market conditions are across Hunterdon and Somerset Counties. You may be surprised. Let’s connect to explore your options today. You can also call or text me at 908-304-4660. Don't forget to check out our latest market [...]
Jan
16, 2023
What Past Recessions Tell Us About the Housing Market
It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts [...]
Jan
13, 2023
Key Terms To Know When Buying a Home [INFOGRAPHIC]
Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so [...]
Jan
12, 2023
January 2023 Real Estate Market Reports
My January 2023 Real Estate Market Reports are now available. In them, you will find that interest rates have come down nicely, and sellers are more reasonable. Also, there are not a lot of buyers out there this time of the year. Hunterdon County Edition: [...]
Jan
09, 2023
What Experts Are Saying About the 2023 Housing Market
If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, [...]
Dec
22, 2022
Do not believe what you are seeing on tv or the internet about our local real estate market.
Our market is hyper-local and is based on its relationship to NYC. As a result, it is not typical. You can find my recent market reports here: https://jpeters.com/category/type/market-reports/ You can find my buyer's and seller's guides here: https://jpeters.com/buyers-seller-guide/ \ Call or text with any 908-304-4660 [...]
Dec
19, 2022
2023 Housing Market Forecast [INFOGRAPHIC]
Some Highlights From home sales to prices, the 2023 housing market will be defined by mortgage rates. And where rates go depends on what happens with inflation. If you’re thinking of buying or selling a home this year, let’s connect so you understand where the housing [...]
Dec
05, 2022
Prioritizing Your Wants and Needs as a Homebuyer in Today’s Market
There’s no denying mortgage rates are higher now than they were last year. And if you’re thinking about buying a home, this may be top of mind for you. That’s because those higher rates impact how much it costs to borrow money for your home loan. As [...]