Property Values in Basking Ridge, NJ
Property values in Basking Ridge are not going down because we are in a recession. Property values are not declining. Full stop. They just aren’t appreciating as quickly has they have been since March, 2020; that kind of growth is unsustainable – the market is adjusting back to normal. Inventory levels of 3-5 months – […]
3 Graphs Showing Why Today’s Housing Market Isn’t Like 2008 – Even in Basking Ridge NJ
With all the headlines and talk in the media about the shift in the housing market, you might be thinking this is a housing bubble in Basking Ridge NJ. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news […]
Property Values
Property values are not going down because we are in a recession. Property values are not declining. Full stop. They just aren’t appreciating as quickly has they have been since March, 2020; that kind of growth is unsustainable – the market is adjusting back to normal. Inventory levels of 3-5 months – still favoring sellers, […]
How Hard is it to be a Landlord?
I recently shared this information with a client who is considering renting out her condo and I thought it might be useful for someone else as well! When you put a unit up for rent with a Realtor, there is a fee which is typically equal to one months’ rent. Half to the tenant broker […]
Mortgage Rates Keep DROPPING!
Mortgage rates fell across the board this week. The benchmark 30-year fixed-rate mortgage fell this week to 3.77 percent from 3.83 percent, according to Bankrate’s weekly survey of large lenders. The 15-year fixed mortgage rate also fell to 3.15 percent from 3.20 percent a week ago. Here’s a snapshot of mortgage rates as of last […]
18 Hartley Lane, Basking Ridge
COMING SOON! Four bedrooms, including one on the first floor. Four full baths (also one on the first floor) and a finished walkout basement. First public open house on Sunday, 4/28 from 1:00-4:00.
Home Value Appreciation Stops Falling, Begins to Stabilize
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer. In a recent post on the National Association of Realtors’ Economists’ Outlook Blog, it was revealed that Realtors are starting to sense […]
Attention Landlords
I often work with people to purchase rental property; I manage the purchase transaction and then I help them find a tenant and introduce them to Joan Triano, owner of Somerset Hills Property Management. This note from Joan was in my gmail box this morning and I thought I’d share it with you. Resources […]