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The Appraisal Gap – What Buyers and Sellers Need To Know

What’s happening in today’s housing market is Economy 101 – when supply is low and demand is high, prices naturally rise. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. Recently, it’s become very common for an appraisal to come in below the ...

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The Difference in Net Worth Between Homeowners and Renters Is Widening

An important goal for most people is becoming financially secure, but some don’t realize just how much homeownership can help them achieve that goal. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant ...

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If Housing Affordability Is About the Money, Don’t Forget This

Buying your own home has many non-financial benefits. Today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending ...

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Why 2021 Is Still the Year To Sell Your Northern New Jersey Home

This is the time to think seriously about making a move and selling your northern New Jersey home. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the ...

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What To Do with Your New Jersey Vacation Home as Summer Ends

Summer is ending and maybe it’s time to think about selling your vacation home. Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. Here are reasons you should consider ...

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What Do Experts Say About Today’s Mortgage Rates?

Today’s homebuyers are lucky with mortgage rates hovering near record lows. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.When rates are low, you can generally afford more home for your money. That’s why experts across the industry agree – today’s low rates present ...

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It’s a Good Time To Sell in Northern New Jersey!

Contact me at 973-490-4999 or email Nina@NinaFradl.com…and Start Packing! ...

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More Young People Are Buying Homes

Some may believe that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to ...

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It’s Still a Lack of Supply, Not a Lack of Demand in Northern New Jersey

Do prospective buyers in Sussex and Morris Counties still think buying a home makes sense with rapidly rising home prices? Some real estate experts claim rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. It’s the lack ...

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What Does Being in a Sellers’ Market Mean?

There’s no doubt everyone has heard we’re in a serious sellers’ market in the real estate industry. But what does that really mean? And why are conditions today so good for people who want to sell their home? It starts with the supply of houses available for sale. The latest ...

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What Does Home Price Appreciation Mean for Sellers in Northern New Jersey?

What does the phrase home price appreciation  mean to you? Chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper. To truly ...

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