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Mountain Resort Properties Real Estate Blog

61% of First-Time Buyers Put Down Less than 6% | MyKCM

The National Association of Realtors claims the majority of first time home buyers put down less than 10% when purchasing a home. This trend started to occur in 2016 has yet to slow down.

Most of the younger generation thinks it is vital to put down 20%. This is what our parents told us, and our education system. But let the truth be told you may be way closer to being able to purchase your home than you think. The median down payment in 2017 was 10% across the board and dropped to 6% for first time home buyers.

Aaron Terrazas’ a senior analyst from Zillow says this is why buying demand has remained so strong in 2017.

With rents rising across the board in almost every state throughout the country, more and more first time home

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In this blog, we will discover the benefits of homeownership.Owning a home is the American dream. a home not only provides financial benefits it also provides shelter and security to families.

Did you know:

-Homeowners move less often and are more likely to vote and volunteer time for political and charitable causes?

-Children of homeowners tend to perform better in school and attain high levels of education than children of parents who don't own a home?

-The average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns?

-When you own a home you may be able to deduct property taxes and mortgage interest from your income?

-In most cases the gains that you make when you sell

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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! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for

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New Jersey's Winter Wonderland: Crystal Springs Resort

Our Real Estate Team has put together a scenic video showing the Winter Wonderland created by Winter Storm Quinn. 

 

 

 

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Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently gave out their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | MyKCM

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

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Crystal Springs has committed itself to becoming America's #1 Residential Resort Community. Tucked away in the Northern most region of New Jersey this spectacular golf resort community has over 1,000 residences nestled in never-ending woodlands in northwestern New Jersey. Amidst the  Lakes, Stream and 6 premieres Golf courses.

Most people first visit Crystal Springs Resort when they come stay at Grand Cascades Lodge or come play New Jersey's #1 public Golf Course Ballyowen. Once a visitor comes up they usually say "I never knew this existed". Yes, Less than 1 hour form the Lincoln tunnel you will find scenic views, luxury homes and nature seamlessly connected.

Many residents have moved from all around the country once they see what Crystal

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The #1 Reason to Sell Now Before Spring | MyKCM

 

Listing your home before the spring will benefit your listing Price. Why? Supply and demand of all items, including homes, is determined by the supply available. Right now Listings are low, inventory is the lowest its been in the past decade. If their is a limited amount of homes on the market the price of the item will increase.

Almost every spring the National Association of Realtors (NAR), reports the dramatic increase of listings every spring. Below you will see in a graph what happened to the housing market in 2017.

The #1 Reason to Sell Now Before Spring | MyKCM

 

Summary

When buyers are looking during the winter month, they are usually a more motivated buyer. They need to buy now. With a limited inventory available in most areas of the country,

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Be apart of the Crystal Springs Lifestyle. This beautiful two story home with the master bedroom on the main floor overlooks the Crystal Springs GC. Walk into this home and enjoy a bright airy feeling with a large wall of windows, open floor plan and center island for all those gatherings. This home has 4 bedrooms, 3.5 bathrooms, hardwood floors, granite tops, soaring ceilings, finished walkout basement to a patio with large backyard, extra large windows, laundry room on the main floor, stucco front and two car garage. Located just out your door are 6 golf courses, country club, vista infinity pools, biosphere indoor pool, sports club, incredible restaurants, hiking, biking, skiing /snowboarding, water park, Appalachian Trail and many other open to

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