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

ARCHIVED BLOG POSTS

2017 

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high.Many mortgage programs offered by agencies like Freddie Mac and F...
08/31/2017
 The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.One such study by the Wharton School of Business at the University of Pennsylvania revealed that many ...
08/29/2017
 When a Ocean County homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.In order to accomplish all three...
08/25/2017
Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?What's Your Ocean County Worth - Get a Free, Instant ValuationMarket conditions around the countr...
08/24/2017
Low inventory is the foremost issue in the Ocean County housing market right now as well as nationally. Buyers face relentless demand for a scarce supply of reasonably priced homes. In a recent survey by the National Association of Mortgage Professionals (NAMB), fifty-eight percent of mortgage pr...
08/23/2017
A Boomerang Buyer is a former homeowner who has gone thru a “short sale”…a “foreclosure”…or a “bankruptcy” in the past few years, and has been saving for the down payment and the expiration of the waiting period, in order to qualify once again for a mortgage.We previously informed you about a stu...
08/22/2017
 Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that ...
08/21/2017
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago.In Ocean Coun...
08/17/2017
 Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise.Ma...
08/11/2017
What is Home Equity?Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example:Current Home Market Value                        $325,000Existing Mortgage                                       ...
08/11/2017
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