With Rents on the Rise – Is Now the Time To Buy?
According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month….
Key Questions To Ask Yourself Before Buying a Home
Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know…
![Waiting To Buy a Home Could Cost You [INFOGRAPHIC]](https://centralnewjerseyrealestate.com/wp-content/uploads/2021/07/20210730-KCM-Share-549x300-1.png)
Waiting To Buy a Home Could Cost You [INFOGRAPHIC]
Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter…
Home Sellers: There Is an Extra Way To Welcome Home Our Veterans
Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018 through 2019…The share of VA-guaranteed loans…
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their home…
![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)