Mindblown: a blog about philosophy.
-
Creative Ways Homebuyers Are Paying Lower Mortgage Rates
Consider an assumable mortgage to pay a lower rate by taking over the seller's existing mortgage. Loans from FHA, VA, and USDA are eligible, but most conventional loans are not due to a "due on sale" clause. Borrower must cover existing equity. Other options include paying more down, improving credit score, or opting for a…
-
New Jersey Retail: Beating the Odds?
New Jersey's retail sector remains resilient due to its affluent and densely populated nature. Limited prime locations in New Jersey mean redevelopment is often the only option for expansion.
-
Homebuying Interest Spikes in NJ as of Summer
The study identified New Jersey among the most sought-after US states for homebuyers by considering key economic factors.- Avg home price: $477,600 – Cost of living: $1,173
-
What’s Next for Property Taxes in New Jersey?
New Jersey plans to provide $3.5B in property tax relief to residents in 2026 through Stay NJ. The governor and lawmakers added $20M to the Stay NJ budget, totaling $320M so far.
-
These are the 7 most expensive Middlesex County towns to live in
Doxo's Cost of Bills Index compares monthly costs of 10 common household bills in Middlesex County. New Jersey ranks 4th most expensive in the U.S., with an average household paying $2,802 monthly. Middlesex County is the 11th most expensive in NJ, with households paying $2,789 monthly. Excluding rent or mortgage, Middlesex County is 2% below…
-
NJ Stands out With Highest Foreclosure Rate
NJ stands out with the highest foreclosure rate, ~1 in every 1,939 homes receiving notices. This rate is more than double the national avg, highlighting a severe local challenge.
-
New Jersey Homeownership: Beyond the Purchase Price
Homeownership in New Jersey incurs significant "hidden" costs beyond the property price, averaging ~$26K annually.These hidden costs include energy bills, maintenance, repairs, property taxes, and home insurance.
-
NJ Home Prices Set to Rise in Q3
NJ Real Estate forecast predicts an increase in home prices in Q3. The forecast is based on an analysis of >500 ZIP codes across the state.
-
Buying Your First Home? Here Are 16 Tips to Buy Like a Pro
A family is buying and moving into a new house, which requires careful planning and saving. Tips include researching first-time home buyer programs, starting to save early, calculating all initial costs, preparing your credit score, deciding on affordability, exploring mortgage options, getting pre-approved, gathering loan paperwork, choosing the right real estate agent, making a wishlist,…
-
Mortgage Rates Ease For Second Straight Week
Mortgage rates dropped this week, with the average rate for a 30-year home loan now close to 7%, down from 6.99% to 6.95%. A year ago, the rate was at 6.69%. Factors affecting mortgage rates include the bond market response to the Federal Reserve's interest rate policy and changes in the 10-year Treasury yield, which…
Got any book recommendations?