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:
“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
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.
The Villages at Crystal Springs and Great Gorge are vibrant, New Jersey luxury resort communities in a truly picturesque setting, nestled in the scenic mountains of the Sussex Skylands. We offer within minutes: Skiing, Mountain Biking, 7 Golf courses, Water Park, Delaware River Canoeing and Kayaking and Thousands of acres of Federal and State parks for hiking and photography.
Here you'll find a collection of new luxury homes and vacation homes situated in the Northeast's premier four-season residential resort. Conveniently located just 47 miles from Manhattan, this NY Metro area golf resort is complemented by Crystal Springs Resort's 6 award-winning courses, Mountain Creek Ski Resort, 2 luxury spas, world-class dining and wine-cellar.
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When you start thinking about buying your first house, it’s easy to let your emotions run the show. Before you know it, you’re stalking homes for sale on your home-browsing app, rearranging your schedule so you can do drive-bys, and researching creative financing options that would allow you to buy a house with next to nothing down.
It’s all too easy to land in a house you can’t afford, and that mistake can affect your ability to build wealth in the long run. But understanding the steps of the home-buying process empowers you to make smart decisions about your home purchase.
How to Buy a House in 7 Steps
Let’s take a deep breath. Buying a house takes time. And no house—even that perfectly cute bungalow on
In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will
According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well!
Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in the national homeownership rate. The study from Urban Institute revealed that nearly a quarter of this generation has the credit and income needed to purchase a home.
Surprisingly, the largest share of mortgage-ready millennials lives in expensive coastal cities. These cities often attract highly skilled workers who demand higher salaries for their expertise.
So, what’s holding these mortgage-ready millennials back from buying?
Here are five reasons why listing your home for sale this fall makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there