Real Estate Market Update: First Quarter 2020
Real Estate Market Update: First Quarter 2020 Allenhurst Starting off the first quarter of 2020, Allenhurst saw sales of 2 single family homes. The average sales price of $1,732,500 represents the sale of a $415,000 and a 3 million dollar home. These homes were sold at 91% of list price, which holds consistently with 2019 comparisons […]
New Jersey’s Housing Market Looks Stronger for 2019!
New Jersey’s housing market is looking stronger in 2019. If you are first-time buyers or thinking about buying or selling a home in 2019, please call the Connolly Agency! Planning to buy or sell a home in 2019? Here’s the good news: The New Jersey housing market looks strong, according to Ilene Horowitz, president of […]
Renovation Loans Expand Your Homebuying Options
It’s the lament of first-time homebuyers in just about every housing market: There aren’t enough entry-level homes available that are move-in ready. One solution is to broaden the search to fixer-uppers. With renovation loans, you can get one home loan that combines the purchase price with the cost of improvements. Not enough affordable homes Entry-level […]
Here’s where more $1M condos are proposed in booming Asbury Park
While developer iStar has mapped out an ambitious plan to transform Asbury Park’s waterfront with luxury condos, a swanky hotel, a revamped music venue and other mixed-use projects, a local developer is hoping to slide into the action. Regional Development Group, led by Trip Brooks, who has lived in Asbury Park since 1999, recently received approval from iStar and […]
Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers
There are lower mortgage rates just in time for the holiday season… Home buyers and sellers are in for even more holiday cheer this season as mortgage interest rates continued to fall. That makes it more affordable for folks to purchase properties as their monthly mortgage payments will be a little lower. Plus, it may […]
Attention First-time homebuyers!
Why 2019 will be the year of the first-time homebuyer Windermere Real Estate’s Chief Economist, Matthew Gardner, gives his predictions for 2019 BY MATTHEW GARDNER National Housing Market What a year it has been for both for the U.S. economy and the national housing market. After years of above-average economic and home price growth, 2018 […]
Mortgage Rates Retreat, but Housing Market Supply Crunch Won't Let Up
Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs. The 30-year fixed-rate mortgage averaged 4.85% in the October 18 week, down 5 basis points, mortgage buyer Freddie Mac said Thursday. Rates for home loans – 15-year fixed-rate mortgage averaged […]
Booming Asbury Park
Do you remember those days when the wealthy wouldn’t even think about stepping foot into Asbury Park, let alone buying a house there? Well, those days have come to an end as the housing prices and quality of the homes have gone up. Budget travel magazine ranked Asbury Park as the “coolest small town in […]