Robert's Blog

I don't know about you, but I get entirely too many garbage phone calls and anything that I can do to eliminate them is welcomed! (because cursing at a computer generated voice has not been effective.)A problem in the Mortgage World is Trigger leads.  When we run a full credit report the credit b...

I saw a survey on social media the other day and saw this question...Why haven't you purchased a home?One of the top answers: "I don't know where to start."I assume there are many potential buyers out there that just don't know where or how to start.  Here is my answer (and it is going to sound a...

 If you follow me on social media at all you know I love a good graph.Here's a great one to show the potential appreciation in Toms River, NJ.  Most of Ocean County has very similar numbers for appreciation, I just chose 08753 because it is where my office is located.The above is assuming you pur...

 Would you have difficulty saving $1,600/month? Here's a pretty easy way to make it happen:  Buy a House!Seriously... here's the numbers:If you were to buy a $500,000 home in Ocean County NJ the Forecasted appreciation is 4.348% in most towns and the historical appreciation is 4.279%.  If we roun...

 January Update and ForecastInterest Rates: Rates have been on a bit of an upward climb for the past month. This is due to a few things: 1) inflation has been stubborn and has remained higher than the Fed likes to see, but most of the inflation is in housing, (which includes rents) and in insuran...

 Interest Rates:  Since the Fed lowered the Fed Funds rate ½% last month we have had mortgage rates climb about ½%.  About half of that move up was from Friday’s employment report that surprised the market with mostly good news on the employment front. If you have ever read any of my letters you ...

You read that correctly.  Mortgage rates are higher now than before the Federal Reserve lowered interest rates last week.  First you have to understand how the market moves, especially the long end of the yield curve.  We have had HUGE improvements in rates since the high in fall of 2023 and all ...

The USDA Rural Housing program is an excellent way to purchase a home when you have limited funds.  While we do not typically think of NJ as being a rural area there still are significant parts of the state that are eligible for financing.  Below is the map of NJ showing the eligible areas.  The ...

DON'T Wait: Home prices continue to climbFor today's blog I am going to focus on NJ specific numbers since that is where I am located.  You can do the math for your area by vising FHFA.Gov or take a look at the chart I posted a few blogs back that have the FHFA numbers for all the states.The FHFA...

The best time to buy Real Estate was Yesterday.  The second best time is today.You may have heard in the headlines that Inventory is up... While there has been a large increase in inventory nationally it is far from where we need it to be.  Take a look at the chart above.  You can see inventory b...