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Existing-Home Sales Begin 2017 with a Bang

Existing-Home Sales Begin 2017 with a Bang Existing-home sales began 2017 with a bang, growing 3.3 percent and hitting a 10-year high in January, according to the National Association of REALTORS® (NAR). With the exception of the Midwest, every region saw gains, with total sales reaching 5.69 million—the fastest pace since February 2007. “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home,” says Lawrence Yun, NAR chief economist. ... Read More

Jersey Shore town named one of East Coast’s most scenic spots by travel website

The beach at Beach Haven on Long Beach Island at sunset, Feb. 10, 2017. (Kelly Roncace | For NJ.com) Kelly Roncace | For NJ.com BEACH HAVEN -- One of Long Beach Island's most popular boroughs has been named one of the East Coast's most scenic spots. Beach Haven, the charming and serene seaside town, made Expedia Viewfinder's list as one of the most picturesque destinations between Maine to Florida. Nicknamed the "Queen City," the Ocean County borough was established in 1873 as a summer retreat for wealthy Philadelphians. In the 194... Read More

Over Half of Housing Markets Hit Price Peaks

More than half of housing markets saw home sale prices peak at the end of 2016, according to the National Association of REALTORS®’ (NAR) recently released quarterly report, contributing to the best quarterly sales pace of the year. Eighty-nine percent of markets saw home prices increase in the fourth quarter, compared to 87 percent in the third quarter, with 17 percent experiencing double-digital increases. “Buyer interest stayed elevated in most areas thanks to mortgage rates under 4 percent for most of the year and the creation of 1.7 million new jobs edging the job market clo... Read More

What’s In Store for the Luxury Real Estate Market in 2017?

   Posted on  Feb 8 2017 - 4:14pm  by  Mikkie Mills Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York left buyers feeling choked out. Will the market improve in 2017? Experts have mixed feelings. "We have seen inventory come back at a steady pace, and buyer demand is strong enough that it will continue to keep the market moving as we go throu... Read More

Top 10 real estate tips for 2017

By Steve McLinden • Bankrate.com Sean Justice/Getty Images High demand and low interest rates drove housing sales in 2016, and 2017 is shaping up to be another good year, albeit with a few minor caveats. While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they're stabilizing in higher-priced areas. Prognosticators see the robust markets of Seattle, Portland and Denver as 2017's top performers, with 10 percent to 11 percent price growth. If mortgage rates rise modestly as expected in 2017, sales elsewhere ... Read More

The One Big Real Estate Trend You Need to Understand in 2017

Housing Market Trends The One Big Real Estate Trend You Need to Understand in 2017 Kerry Close,Money Updated: Nov 27, 2016 9:58 AM EST Forget a tale of two cities: Extreme housing market fragmentation is now creating different experiences for home buyers and sellers in a wide range of locations and segments. Nationally, home prices are expected to keep rising, albeit more slowly— 3.5% in 2017, vs. 4.5% in 2016, per Moody’s Analytics projections. But even more so than in recent years, your position is now g... Read More

If You’re Buying a Home This Year, Whip Your Taxes Into Shape Now

Ah, tax time—that magical time when all your accomplishments of the previous year can be used against you. After all, the more you made, the more you owe! No wonder there’s so much advice out there about finding (perfectly legal) ways to whittle down your adjusted gross income. But if you’re looking to buy a home, you’ll want to try a different tack—the higher your reported income, the bigger the home loan you’ll qualify for. So if you’re planning to buy a house in the next year or two, you may want to be less aggressive about claiming write-offs. As Brian Decker, a loa... Read More

Pending Home Sales Tick Up

WASHINGTON (January 28, 2016) — Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major regions, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, crawled 0.1 percent to 106.8 in December from a downwardly revised 106.7 in November and is now 4.2 percent above December 2014 (102.5). The index has increased year-over-year for 16 consecutive months... Read More

Mortgage Basics – the 101

A mortgage – a loan to finance the purchase of your home – is likely the largest debt you’ll ever take on. A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments, taxes and insurance.Since most mortgages last 15 to 30 years of monthly payments, it helps to understand the working parts. Collateral When you agree to a mortgage, you’re signing a legal contract promising to repay the loan plus interest and other costs. Your home is collateral for that loan. If you don’t repay the debt, the lender has ... Read More