Morris County Mortgage Interest Rates: Another Surprise

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Selling

It usually takes at least some digging to come up with relevant news for Morris County real estate watchers. Last week provided an exception. The boldest headlines, cable TV info crawls, and email announcements dealt with the unexpected move in mortgage interest rates. The welcome news for Morris County home sellers and prospective buyers came with Freddie Mac’s midweek announcement …

Home Design Trends Reflect Changing Environment

themenardgroup Uncategorized, Morris county, North Jersey, Marketing, Mountain Lakes, Selling your home, Staging, Renovations, Luxury, Luxury Homes, Luxury Buyers, Selling, home improvement

Morris County real estate—like all real estate—is a supremely local activity. Area homeowners who like to keep an eye on New Jersey and national trends do so because some of them may surface in future buyer preferences. For Morris County homeowners in a remodeling frame of mind, it doesn’t hurt to be aware of “what’s hot.” When it comes to …

Showings in Morris County Contain an Element of Illusion

themenardgroup Morris county, North Jersey, Marketing, Mountain Lakes, Garden State, Selling your home, Staging, Luxury, Luxury Homes, Selling

Showings—whether here in Morris County or anywhere else—can succeed or fail as a result of quite minor details. Appreciating that fact isn’t hard to do when you relate showings to their theatrical first cousins: stage presentations. In important ways, they are quite similar. Think of what happens when you attend a live play. The audience finds their seats, settle in, …

For Morris County Homeowners 55 and Up: a Practical Issue

themenardgroup Uncategorized, Morris county, North Jersey, Downsizing, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

While much attention is directed at the phalanx of youthful first-time homebuyers, the  Millennials and GenXers aren’t the only groups who are having a substantial influence on the direction of Morris County’s real estate market. Whether they are tagged “mature,” “aging,” or downright “elderly,” the over 55-crowd comprise an increasingly influential part of the marketplace. They are also facing some …

Experts Startled by Early U.S. New House Sales Increase

themenardgroup Buying, Morris county, North Jersey, Downsizing, Investment property, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Listing agent, Luxury, Luxury Homes, Luxury Buyers, Selling

Morris County house sales do usually respond in the seasonal pattern that is familiar in most other areas. Spring and summer lead the way for weather-related, financial, school scheduling and other family-related reasons. From now into well past July (and sometimes even August), house sales activity can be counted on to peak. Those are the normal expectations. But when any …

Growing Confidence Affects Morris County Real Estate Scene

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

The attachment we build to the places where we live is an easy-to-understand human emotion. Almost everyone who has ever moved away from a family home has experienced a sense of loss that can be quite profound. But that’s only one of the emotional connections that come into play where real estate is involved. Even though we tend to think …

Morris County Housing Market Gels with Empty Nester Plans

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Downsizing, Marketing, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Time Magazine ended last week with a commentary that could foreshadow how this year’s Morris County housing market might differ from years past. Author Bill Saporito identified a mismatch in the housing market that could bode well for empty nesters. Whether or not the implications will be a perfect fit for our Morris County housing outlook, the “Big Picture” assessment …

Mortgage Rates Fell. No, they Rose. No, they…

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Keeping an eye on Morris County mortgage rates is a useful pastime for anyone who tracks local home sales because of the immediate effect they have on affordability. It can’t get much more immediate than the “projected monthly payment” numbers that calculators come up with alongside an online listing. Those instant calculations include tax and insurance estimates, but those change …

6 Ways to Zero in on the Lowest Morris County Mortgage Rates

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Without knowing it, many people develop something akin to a split personality when it comes to buying a home. In the beginning, as they pursue their ideal Morris County house, they automatically assume an unabashedly active role. Nobody has to tell them that they’re the boss in the process—since they are the customer, they correctly expect to be in total …

Morris County Real Estate Investment: More Liquid Than You’d Think

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Second home, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Buying a home as a place to live certainly has important financial implications, but they are only part of an equation that has major lifestyle implications. A given house may be a really terrific deal—but if it turns out that you aren’t comfortable living there, buying it will probably wind up being a mistake. When the motivation for an investment …