What’s Ahead for Mortgage Rates and Home Prices?
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home. Here’s a look at the latest expert insights on both mortgage rates and home prices so you can make your best […]
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 […]
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 […]
How is COVID-19 Impacting YOUR Housing Plans?
How is COVID-19 Impacting YOUR Housing Plans? 2020 started out as an awesome year for lots of things, but especially for the real estate market. COVID-19 is having an impact on all aspects of our lives: our social lives, our work lives, the stock market, and everything related to the housing market. There is a […]
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 […]
A Few Minutes with Jen: Let’s Talk About Interest Rates
Count Down to September… It’s almost Labor Day, the last hurrah before school starts. Yesterday I dropped my son at Rutgers University for his freshman year. Last week my two older kids moved into their respective dorms. So it is already quiet in our house… even though we have one chick-a-dee still here at home […]
Is Mortgage Debt out of Control?
This is an interesting perspective. You really need to look at the WHOLE picture. The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in […]
Pricing in Basking Ridge
Happy weekend! It’s that time of year when real estate slows a little – leaving plenty of time for me to work on pricing plans and market review. This morning I was looking specifically at Countryside Manor in Basking Ridge. Once again, I was able to prove out that when a property is properly priced […]
NEW PRICE – 116 Jamestown Road – Basking Ridge – $289,900
116 Jamestown Road – an Essex model with two bedrooms, two full baths, a garage and a huge basement. Price was just reduced to $289,900 – the value is in all of the updates: kitchen, both bathrooms and a brand NEW furnace and central air. It doesn’t get much better than that. Curious about the […]
Positive Signs for Basking Ridge Real Estate and Beyond
Here are some recent positive signs for homebuyers and sellers: Sales of new single-family houses increased 4 percent in March, according to the U.S. Census Bureau and the Department of Housing and Urban Development. According to the National Association of Realtors (NAR), total existing-home sales rose 1.1 percent in March. The NAR also reported that […]