The Jersey Shore By Karl Hess

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Real Estate Agent - Keller Williams Shore Properties - 1005238
Community News, Events, Happenings and Real Estate on The Jersey Shore in Ocean County, NJ
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!The interest rate you secure when buying a home not only greatly impacts your monthly housing ...
 Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the...
Ocean County Days on Market (DOM) for the month of June and Year to Date (YTD): Point Pleasant – 28 days in June. YTD – 42 days Brick – 37 days in June. YTD – 42 days Toms River – 34 days in June. YTD – 41 days Berkeley – 38 days in June. YTD -  49 days Lacey – 49 days in June. YTD – 52 days Barn...
Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the ...
 Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home...
Barnegat Housing Market Trends, July 2017 - Home Sale Prices Up Over 12%!!It’s a “seller’s market” in Barnegat! And here are the stats to prove it. All statistics are year-to-date for 2017 in comparison to 2016.Average List Price of a Barnegat home is up 1.19%. List price refers to the current li...
We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buye...
Here are the places to see Fourth of July fireworks the Ocean County, NJ for 2017The Fourth of July—also known as Independence Day or July 4th—has been a federal holiday in the United States since 1941, but the tradition of Independence Day celebrations goes back to the 18th century and the Ameri...
We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Res...
 Home ownership in Ocean County Is a Good Financial Investment!According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension...

Karl Hess

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