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January 2019

Found 2 blog entries for January 2019.

 

4 Proven Ways Real Estate Can Build Sizable Family Wealth   Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many of the points he made also apply to a family owning their own home. Here are a few:  

1. Appreciation

“The rising of home prices in over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change.

One thing to consider in New Jerseywhen it comes to real estate appreciation affecting your ROI is the

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National real estate news stories as of late have been speaking to a downturn in the market. Not so in Sussex County, New Jersey home to Crystal Springs, Mountain Creek, and Great Gorge Village.

This market is on fire. Sales volumes were higher in 2018 than the peak of the market in 2006. “December is usually dead, but we did five deals in one week,” says Glenn Schechter the broker manager of Mountain Resort Properties. “And there has been no letup in 2019. Buyers are everywhere”  

Most of the activity continues to be in the second home market and the starter home market. The upper end is still mired in stagnation. Homes below $300,000 fly off the shelves. Over $500,000 or $600,000 is difficult, though not impossible.

“I think what we’re

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