Compared with Other News, Mortgage News is Welcome

themenardgroup Buying, Morris county, Downsizing, Mortgage rates, Mountain Lakes, Selling your home, Staging, Luxury, Luxury Homes, mortgage, real estate

Last week ended with such horrendous news in California that it was a blessed relief how in at least one narrow slice of the news—one of interest to Morris County house hunters, among others—there was blessedly very little worrisome to report. Against the grim reality of how November 2018 was beginning in other areas of the news, Morris County house …

Downsizing Trend Collides with “the Multigenerational Thing”

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

Downsizing has gotten a lot of attention as Baby Boomers—many of whom have become empty-nesters—discover that they don’t need the space, expense, and elbow grease required to keep up the family property. But there is a counter-trend that could well explain the popularity (and desirability) of many big ol’ Morris County homes. It’s a multigenerational thing. It was to be …

Tips to Make the Most of Morris County Open House Visits

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, first time homebuyer

Spring is Morris County’s prime selling season, which means that, in addition to the welcome appearance of springtime flowers, we can look forward to the seasonal crop of Morris County “Open House” signs that will be sprouting up around town. The Open House events they announce will draw a wide audience of visitors, from the inevitable looky-loos to the serious …

First-Time Morris County Homebuyers, Where to Start

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, mortgage, first time homebuyer

When it comes to figuring out how to begin up the path to homeownership, Morris County renters are left pretty much to their own devices. For the majority of first-time buyers who will use home loan financing to get there, getting started is simple enough: you begin by knowing two basic numbers. The first is the amount of money you …

Morris County House Hunting Online: an Equifax Warning

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Investment property, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers

When Equifax issues a warning specifically directed at online house hunting, Morris County real estate searchers (including readers right here) have ample reason to pay attention. You probably recall from last September how Equifax admitted to having been victimized by one of the most massive data breaches in internet history. Among the 143,000,000 Americans affected by the personal data collection …

Morris County Homeowners Tempted by Sellers Market Conditions

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

“Circumlocution” ­—the hefty word for “beating around the bush”­­—describes what the national real estate news feeds have been practicing for a while when it comes to the state of the marketplace. Until recently, most analysts seemed reluctant to call this spring’s U.S. lineup a “sellers market”—perhaps because the phrase might discourage would-be buyers. That began to change last month. As …

Reports Say Lenders are Relaxing Home Loan Requirements

themenardgroup Uncategorized, Buying, North Jersey, Mortgage rates, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, mortgage

Morris County readers who perused The Washington Post’s “Real Estate” section recently found a most encouraging piece of information—particularly if they were among many the younger and first-time home seekers who worry about qualifying for a home loan. And by the article’s finale, there was even one conclusion that sober-minded observers might decide had exceeded simple optimism… The headline article— …

The “Amazon Effect” on Morris County Residential Neighborhoods

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Listing agent, Luxury, Luxury Homes, Luxury Buyers

Amazon—or, more precisely, the Amazon phenomenon—is bound to have an increasing impact on Morris County residential neighborhood preferences. The connection hasn’t yet been widely acknowledged, but it’s hard to deny the logic behind it. The connection I’m pointing to isn’t the web behemoth’s rumored expansion into real estate. That was quietly floated last summer—and just as quickly abandoned. Without ceremony, …

National Home Prices Jump 37% Since 2014

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Home Equity, mortgage

When Morris County homeowners sit down to plot out their household’s long-range financial plan, the value they ascribe to their Morris County home usually deserves a leading role. As research firm Pulsenomics puts it, “changes in single-family home values can have profound impacts on consumer balance sheets.” Yet it’s often the case that homeowners assume that their home’s value is …

Common Sense Might Not Shape Future Morris County Home Sales

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Downsizing, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Listing agent, Luxury, Luxury Homes, Multi-family, Luxury Buyers, mortgage

Many Morris County homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense …