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, […]
Is This a Housing Bubble? Or is the Real Estate Market Simply Slowing Down?
Is This a Housing Bubble? What will 2023 bring? The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things […]
Summer 2022 Real Estate Predictions | The Blanchard Team
Recession, interest rates, inventory, supply and demand, inflation, correction – these are the words that are being thrown around whenever there is talk about the real estate market. Let;We are not correcting, we are not crashing… we are normalizing a bit, maybe slowing down but not reversing. Inventory is low, demand is high despite interest […]
Spring Market Update – No Market Crash
Although it might feel like it, there will be no NJ real estate market crash in the near future! There is a lot of murmuring about the real estate market, the financial markets, crypto, mortgage interest rates, the Fed announcing it’s largest rate hike since 1994, the list goes on. I want to assure you […]
4 Simple Graphs Showing Why This Is Not a Housing Bubble
A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the […]
Want Top Dollar for Your House? Now’s the Time To List It.
Want Top Dollar for Your House? Now’s the Time To List It. When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking […]
Thinking about selling?
Thinking about selling your home but not sure where you’ll go: Your home is worth more today than it was six months ago, it is worth more than it was a year ago, and it is absolutely worth more than it was three years ago. While the pace of appreciation will likely slow down, all […]
NJ Real Estate | December 2021 – Real Estate Market | The Blanchard Team
There are a lot of questions regarding the real estate market as we head into 2022. The COVID forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad […]