The Jersey Shore By Karl Hess
Community News, Events, Happenings and Real Estate on The Jersey Shore in Ocean County, NJ
ARCHIVED BLOG POSTS
2017
Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price i...
07/27/2017
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 ...
07/26/2017
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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...
07/25/2017
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...
07/08/2017
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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 ...
07/05/2017
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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...
07/02/2017
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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...
07/02/2017
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