Author name: Keith LaBrunda - RE/MAX Town & Valley

Mortgage Pre-Approval

The Importance of Pre-Approval in the Homebuying Process

Embarking on the journey of buying a home? Don’t overlook the vital step of getting pre-approved. Before you start envisioning life in your new home, ensure you’ve engaged with a reliable lender, like Mark Scocco with Crown Home Mortgage, to secure this key part of the homebuying process. Here’s why it’s so crucial. Despite a recent moderation in home prices and a decrease in mortgage rates, affordability remains a challenge. Additionally, the current limited housing inventory continues to fuel competition among buyers. However, with a strategic approach, including pre-approval, you can effectively navigate the market. The Role and Benefits of […]

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House For Sale

Important Questions to Ask Yourself When Thinking About Buying a Home

As you contemplate purchasing a home this year, it’s likely you’re more attuned to the housing market’s fluctuations than usual. Your sources of information are diverse, ranging from news outlets and social media to discussions with real estate agents, friends, and family. Topics like home prices and mortgage rates are probably frequent in these conversations. Here are two critical questions to ponder in your decision-making process, supported by data to help navigate through the myriad of information. 1. What are My Predictions for Home Prices? A credible source for home price forecasts is the Home Price Expectations Survey by Fannie

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2024 Mortgage Rate Forecast

Understanding the Current Mortgage Landscape in New Jersey: 2024 Outlook

As we step into 2024, it’s essential for homebuyers and homeowners in New Jersey to stay informed about the current mortgage interest rates, recent trends, and what to expect in the year ahead. Here’s a detailed look at the mortgage landscape in New Jersey, using up-to-date statistics and facts. Current Mortgage Interest Rates in New Jersey As of January 1, 2024, the mortgage interest rates in New Jersey are experiencing a period of fluctuation. The current interest rates listed on Bankrate.com stand at 7.00% for a 30-year fixed mortgage and 6.35% for a 15-year fixed mortgage. These rates reflect the

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Planning a Home Purchase

Three Focus Points for Achieving Homeownership in 2024

Attention Home Buyers and Sellers: If your 2024 ambition involves purchasing or selling a property, grasping the current real estate market dynamics, identifying your core reasons, and collaborating with seasoned professionals are vital steps to crystallize your homeownership aspirations for the upcoming year. The past year witnessed significant economic influences on the real estate sector, impacting your finances as well. Understanding not only the present market conditions but also your personal objectives in buying or selling a property is crucial. Danielle Hale, Chief Economist at Realtor.com, advises: “The key to making a good decision in this challenging housing market is

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Seniors Considering Retirement

Considering Retirement? Relocating Could Be an Ideal Next Step

Attention Homeowners and Baby Boomers Nearing Retirement As you approach retirement or if you’ve recently retired, now is an opportune moment to evaluate whether your current residence still suits your evolving lifestyle and needs. You might be in a stronger position to relocate than you think. Here are several factors to ponder as you contemplate selling your home and moving. Duration of Residence in Your Current Home Between 1985 and 2008, homeowners typically stayed in their homes for about six years. However, recent data from the National Association of Realtors (NAR) indicates an increase in this duration, suggesting that many

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Saving for a Home Purchase

Are You Saving Towards a Home Purchase in 2024?

Planning to purchase a home can seem daunting, especially when it comes to budgeting and saving. However, with the right guidance, this process can be simplified. Engaging with experienced real estate professionals is a crucial step. They can assist in devising a plan, offering a detailed look at your budget, and guiding you through the initial stages of home buying. Consider these key points recommended by experts: Down Payment The down payment is often a primary focus for prospective homebuyers. It’s important to know how much you need to save. A common misconception is the necessity of a 20% down

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Real Estate Agent with Home Buyers

The Importance of Using a Real Estate Agent When Buying a Home

Embarking on the journey to homeownership can be daunting, especially when you’re unsure where to begin. Fortunately, you don’t have to face this journey alone. Navigating the home-buying process involves numerous complexities, particularly in the current housing market characterized by limited inventory, high property prices, and elevated mortgage rates. To successfully maneuver through these challenges, it’s crucial to have the support of a knowledgeable and trustworthy real estate agent. Real Estate Agents: A Critical Resource in Home Buying According to the National Association of Realtors (NAR)’s latest annual report, homebuyers overwhelmingly recognize real estate agents as the most valuable source

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Construction Workers at New Home

Why the Economy is Unlikely to Cause a Housing Market Collapse

Concerns about a potential recession are widespread. In recent years, there’s been considerable discussion about the possibility of a recession, sparking fears that it could lead to a significant increase in unemployment. Some are even apprehensive that this could result in a foreclosure crisis reminiscent of the one experienced 15 years ago. Yet, the most recent Economic Forecasting Survey by the Wall Street Journal (WSJ) indicates a shift in perspective. For the first time in over a year, less than half of the economists surveyed (48%) predict a recession in the coming year: “Economists are turning optimistic on the U.S.

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Young Couple New Homeowners

Homeownership Remains the Top American Dream for Younger Generations

The concept of the American Dream varies for each individual, but a recent Bankrate survey reveals that for many, owning a home remains a fundamental aspect of this dream (refer to the accompanying graph): Owning a home, as indicated by the graph, ranks higher in importance than retiring comfortably, having a successful career, or obtaining a college degree. But does this aspiration of homeownership resonate with the younger generations? A study conducted by 1000watt focuses on the attitudes of Gen Z and millennials—often perceived as the generations more inclined towards renting—towards owning a home. The study inquires about their future

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Glenview Farm - Christmas Trees

Glenview Farm

Glenview Farm: Choose & Cut Your Own Christmas Tree One of the farm’s main attractions is its “Choose & Cut” Christmas tree experience. Beginning the Friday after Thanksgiving, visitors can walk through the farm’s lush plantation and select their perfect Christmas tree. Glenview Farm provides saws for cutting down the tree (note: chainsaws are not permitted), making it a fun and interactive experience for the whole family. This charming farm, located in Blairstown, offers a unique and delightful experience for families and individuals looking to embrace the spirit of the holiday season. A Picturesque Setting Glenview Farm is beautifully situated

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