Gen Z Homebuyers Choosing Relocation Over Home Budget Increase
Gen Z Homebuyers Choosing Relocation Over Home Budget Increase Despite the Odds Some sources report Gen Z’s lack of motivation to purchase a home these days. However, this is far from the truth; despite some “financial nihilism” present in the generation as a result of the unaffordable prices, many 20-somethings are still managing to make […]
New Housing in Jersey City Sparks Debate
Jersey City, NJ, is becoming a hotspot for new housing developments due to its proximity to New York City, according to The New York Times. A Promising Future With a hospital, a nearly century-old Art Deco building, now transformed into an apartment complex called The Beacon, New York City Mayor Zohran Mamdani sees his […]
3 Reasons Affordability Is Showing Signs of Improvement This Fall
For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waiting for […]
Handle Listing Price Reductions
No matter how the housing market is doing, there is always the potential for a price reduction. It happens! Here is how buyers and sellers can prepare for and go about making that decision. The Current Market Some industry reports state that the market is leaning toward listing price drops. Other reports, such as […]
Build-To-Rent Properties: A Growing Trend
More and more people are buying into the build-to-rent (BTR) trend. Residential communities are building long-term rental properties instead of opting for individual homeownership. Why BTR Is Gaining Popularity BTR offers an adaptable housing solution for people who are not ready for homeownership. Each generation may have different reasons for not purchasing a home, […]
The New SALT Cap and Its Impact on Homeowners
The House and Senate have agreed to raise the federal limit on state and local tax (SALT) deductions from $10,000 to $40,000 starting this year. High-tax states such as California, New Jersey, and New York will likely benefit from this the most. Why Does It Matter? Lawmakers in high-tax states have long complained about […]
Common Real Estate Terms Explained
If you’re a first-time homebuyer, chances are you’ll come across some terms you’re not familiar with. And that can be overwhelming, especially while going through one of the biggest purchases of your life. The good news is you don’t need to be an expert on real estate jargon. That’s your agent’s job. But getting to know these […]
NJ Affordable Housing Law: Public Response
New Jersey’s affordable housing law, known as the Affordable Housing Reform Act of 2023, encourages building affordable homes in areas they otherwise would never be. However, Local Leaders for Responsible Planning (LLRP), have recently fired back against this legislation. Public Backlash The group of 28 municipalities official filed the lawsuit this week, escalating the […]
4 Ways To Make an Offer That Stands Out This Spring
Now that spring is here, more and more buyers are jumping back into the market, and competition is heating up. If you’re serious about landing a home you’ll love, you need more than just a wish list. You need a smart strategy – and that starts with working with a great agent who can help […]
Townhomes: A Smart Solution for Today’s First-Time Buyers
Buying your first home in today’s market can feel tough. Between high home prices and mortgage rates, affordability is still a big challenge. And some buyers are making one simple trade-off that’s getting them in the door faster: square footage. According to the National Association of Home Builders (NAHB), 35% of buyers are willing to purchase something smaller to make homeownership happen. […]