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Homeowners Still Have Positive Equity Gains over the Past 12 Months
If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the…
Mortgage Rates Are Dropping. What Does That Mean for You?
Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:…
![2023 Housing Market Forecast [INFOGRAPHIC]](https://centralnewjerseyrealestate.com/wp-content/uploads/2022/12/2023-Housing-Market-Forecast-KCM-Share-549x300-1.png)
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 market is headed in 2023. Sources: realtor.com Home Price Expectations Survey (HPES) National Association…
The Silver Linings for 2023 Homebuyers (and Sellers)
While the current inflationary state of the economy is posing new challenges for homebuyers, there are several important, positive side effects to keep in mind if you’re considering purchasing a new home in the near future. According to realtor.com’s recent 2023 Housing Forecast, while home prices are not expected to dip much further (good news if you’re thinking about selling),…
![Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]](https://centralnewjerseyrealestate.com/wp-content/uploads/2023/05/Moving-Now-Can-Give-Your-House-Its-Day-In-The-Sun-KCM-Share-540x317.png)