Category: Uncategorized
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Looking for Top Investments? Try New Jersey!
New Jersey has the highest home prices among states. Typical home price in New Jersey is $550,459 in Q2 2024.
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Is A Home Improvement Loan A Good Idea?
Personal loans can be a viable option for financing home improvement projects, especially for those with good credit or insufficient home equity. Unlike home equity loans or HELOCs, personal loans are unsecured and don't require collateral, reducing the risk of foreclosure. They typically have fixed interest rates and predictable monthly payments. However, personal loans may…
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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NJ New Home-Buying Rules: What It Means for You
Sellers must now provide a property condition disclosure statement before buyers are contractually obligated. Buyers must sign an agreement with a real estate professional before viewing any home in NJ.
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New Jersey, Poised for Growth or Crash?
New Jersey home prices are set to increase 1-5% annually over the next five years. Job growth and a rising millennial population will keep the housing market strong.
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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NJ Home Prices and Inventory Went up
36.6% more homes for sale than last year, marking nine consecutive months of inventory growth. Median Home Prices: Increased in nearly all counties, with notable rises in Essex (↑16.42%) and Bergen (↑6.98%).
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NJ Homeowners: $25k Hidden Expenses Annually
Hidden homeownership costs often exceed the property’s price, adding significant annual expenses. NJ homeowners face the fourth-highest hidden costs at $25,573 annually.
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Is My Credit Score Good Enough for a Mortgage?
There is no specific credit score required for a mortgage, as lenders consider multiple factors. Generally, a score above 670 offers access to favorable interest rates, while scores below 620 are subprime and come with higher rates. FHA loans require a minimum score of 580 for low down payments. Higher credit scores lead to lower…
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NJ Home Prices Over Next 5-Yr: How High by 2028?
– 2024: Home prices are expected to rise by 3-5%. – 2025: Anticipated 2-4% increase in home prices. – 2026: Home prices are forecasted to rise by 1-3%. – 2027: Expecting a 1-2% increase in home prices.