For Some Morris County House Hunters, Autumn = Opportunity

themenardgroup Uncategorized, Morris county, North Jersey, Downsizing, Investment property, Mountain Lakes, House prices, Selling your home, Listing agent, Luxury, Luxury Homes, Selling

A while back, Forbes noted what they called “The Four Ways the Real Estate Market Changes” after Labor Day. The article recognized a truism that holds for most parts of New Jersey—namely, that the period between Labor Day and Thanksgiving is what most of us think of as “fall.” It went on to describe four ways the change of seasons …

Some Morris County Luxury Homes Might Not be Out of Reach

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, House prices, Listing agent, Luxury, Luxury Homes, Luxury Buyers

The content the National Association of Realtors® publishes is usually staid and non-controversial. After all, what they put out there has to ring true for the real estate industry in every nook and cranny of the country: in communities large and small, coast to coast—from Podunk to Peoria, Manhattan to Morris County. Real estate is, after all, the most massive …

Morris County Mortgage Rates Point to Encouraging Future

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers, Selling

Last week, following the Fed’s hike in the rates they charge banks, you might expect a matching rise in mortgage rates for Morris County home buyers and refi applicants. If the experts are right, that’s far from a done deal. The Washington Post headline said it all: “Mortgage rates move slightly higher but could be headed back down again.” Mortgage …

Smart Positioning in the Quest for Morris County Homes for Sale

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers

Not everyone who is looking at the homes for sale in Morris County needs to come up with a winner right away. If their own house has just been listed, they may reasonably estimate that it will be some months before the moving vans need to be summoned. Or they may be contemplating a move only if they happen across …

The Art, not Science, of Pricing Your Morris County House

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Investment property, Mountain Lakes, House prices, Garden State, Luxury, Luxury Homes

The science of pricing a house in Morris County isn’t really a science. The thing about science that makes it reliable is that its findings can be confirmed experimentally. If Galileo drops a feather and a lead weight from the Tower of Pisa to prove something about gravity, anyone else can trot right up there and repeat the experiment. If …

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 …

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 …

The Absolute Best Time for Buying a Home in Morris County

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Second home, House prices, Listing agent, Luxury, Luxury Buyers

To end the suspense, the answer to the title question about when is the optimal time to buy a home in Morris County has been officially answered. The answer is, more or less, “now.” All right, there’s an alternate answer, “as soon as practical”—but that is a less dramatic-sounding version of the same thing. The official nature of that answer …