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A proposed bill in Trenton aims to allow homeowners to create accessory dwelling units (ADUs) in their houses.The measure seeks to increase New Jersey's rental housing supply to meet current and future demand.

The process of obtaining a mortgage involves understanding your finances, choosing the right type of mortgage, shopping around for lenders, getting preapproved, submitting an application, enduring the underwriting process, and finally closing on your new home. Lenders consider factors such as income, job history, and debt-to-income ratio when making approval decisions. Continue to full article

2024 Housing Market in NJ: Predicted to stabilize with more homes hitting the market. Realtor Engagement in NJ: Find a compatible realtor familiar with desired areas in New Jersey.

AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.

Home equity loans, HELOCs, and cash-out refinancing are popular ways to borrow using your home as collateral. The amount you can borrow depends on your home equity. Home equity loans and HELOCs are quicker, while cash-out refis offer lower interest rates. Calculate your equity to determine borrowing options. HELOCs offer flexibility, variable interest rates, and…

New Jersey's home prices forecasted to rise steadily through spring. Lawnside, Ewing, and Gibbsboro anticipate the highest increases.

2 NJ cities are among Stacker's list of Early-Q1 2024 fastest-selling metros. Newark – Median DOM: 32 – Median price: $520K – Total homes sold: 1,169

In NJ's Real Estate, high demand and limited inventory require proactive actions from buyers and sellers to seize opportunities.Spring is the busiest time for home sales, with more listings and buyers entering the market.

Consider using your home equity to buy a second home, weighing the pros and cons. Benefits include less cash needed upfront, competitive interest rates, and potentially more funding available. However, risks include putting your home at stake, higher interest rates than traditional mortgages, and additional payments on your primary residence. Continue to full article