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Mountain Resort Properties Real Estate Blog

Buying a home has been the American dream for sometime now. This is an exciting stage in our adult life and we all get there at different points in time. Many of us wait around wondering if the time is right, Should I wait till I'm married? How big will my family be? Others think no one will yet take them seriously believing they are too young for a mortgage.

I wanted to take the time to show you this is not the truth. Many more Americans are ready for homeownership than they believe. Below you will find some facts about first time home buyers and where they are in their life when they finally decide to buy a home. This real estate information has been provided by NAR, The National Association of Realtors.

Wondering If You Can Buy Your First Home? | MyKCM

The Breakdown

If you look

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Over 700,000 Homes in the US Regained Equity in 2017. This is amazing news for the country and home owners across the nation. This means our country is technically worth more. Homeowners now have the ability to profit on homes sales and move up to a more expensive home or be more stable with mortgage payments. This increase in home equity brings 20% of home owners out of negative equity.

  • The average American homeowner has gained $14,900 in equity during the past year.
  • 3.2 Million homes since 2016 have moved into positive equity
  • 63% of home owners have had their equity increased, increasing the value of american homes $870.6 Billion since the Third Quater of 2016.

This InfoGraphic shows the amount of homes with positive

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Great Gorge Village a scenic setting where attractive townhomes and Condominiums cling to flowery hillsides. You will experience spectacular views of a sun-drenched valley below. Easy Access to some of the Greatest golf on the East coast, Skiing, Snowboarding hiking, biking, horseback riding and tennis. All of this right at your doorstep!

Welcome to Great Gorge Village, ideally located in the scenic rolling hills of Northwestern New Jersey and Just one hour from Manhattan.

This Mountain Resort Destination are adjacent to Minerals, Resort & Spa Featuring a ton of amenities. 

Minerals Sports Club

  • 7 indoor & outdoor heated nature pools.
  • 6,000 Sq. Ft. Fitness Center
  • Jacuzzi, Steam Room & Sauna
  • Tennis & Racquetball Courts
  • Full Basket
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Nows the time to move up to a luxury home in New Jersey. If you are need of a larger home because of a growing family. Maybe you are finally ready for a bigger investment for the future. Either way, after exploring some data released by Trulia's Market Mismatch Study, you will see buyers are in the driver seat during real estate transactions of luxury homes.

Fewer people are looking for Luxury homes in New Jersey, Compared to the number of homes for sale in the marketplace. This will keep homes on the market for a longer period of time, usually leading to a price cut of some sort on the home.

In the started home market many home buyers are getting stuck in bidding wars. The high demand for these homes has increased the market. You will see

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People are concerned after seeing values of homes increasing faster than historic norms. This is making many Americans nervous, thinking another buble is waiting to pop. The lenient lending standards from the past decade have disappeared. This is what created false demand in the housing market.

These unethical practices, no longer exist. But what about prices?

Housing Prices are NOT Heading for Another Crash | MyKCM

When you take a look at the charts, you can see home values are not moving as quickly as they did before the crash. Also you have to understand after such an intense crash the market is almost trying to play catch up with itself. 

Home prices are rising but not at such an extreme rate as we saw in the past.

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The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers. This Report shows the most important things buyers and sellers are looking for from realtors.

As Realtors we are committed to giving you the excellence you deserve. We promise to give you the best real estate insight in the Hamburg, NJ and Vernon, NJ market Place. 5 Benefits you will get from hiring a Mountain Resort Property Real Estate Agent.

1. Understanding the Real Estate process

If you are new to the home buying process, an experienced real estate professional can explain exactly what to expect during the entire transaction so you aren’t caught off guard.

2. Help Show unnoticed features and Values of a Home

Whether it’s

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4 Reasons to Buy a Home This Winter!

here are four reasons to buy a home this winter

1. Prices are Rising

Home Prices across the nation continue to rise. Core Logic's latest report claims a large increase of 7% over the past 12 month's. We have yet to feel this dramatic home value increase hit our area in Hardyston, NJ and Vernon, NJ. But maybe in the next few years, considering values near central jersey are starting to rise.

We have reached the bottom of the market here in town. With most top real estate predictive analytics stating this claim, it is no longer a waiting game. 

2. Intrest Rates on Mortgages Predicted to Increase 

Intrest rates for 40-year mortgages have been hovering around 4%. This is a very low rate,

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 Instead of purchasing another home many Baby Boomers are choosing to sell their current homes and renting a place. This has been reported in a recent article from CNBC.

“Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent…

Meanwhile, more than 5 million baby boomers across the nation are expected to rent their next home by 2020, according to a 2016 analysis from Freddie Mac.”

Renting for the short term will allow you to familurize yourself with a new neighborhood. Espesialy if you are moving to a new part of the country or county. But Renting for the long term can have some cons.

A mortgage payment remains fixed. Rents, however…

The Census

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Home Prices across the country are on the rise over the past 12 months. In the same amount of time interest rates on mortgages have stayed historically low. This is allowing many buyers to enter the market.

 

Sellers Should be concerned about the price increase, at what price will your home sell for in 6 months? Buyers will look at something completely different, the long-term price. What will happen to the cost of my home over the length of time I own my home.

Freddie Mac, The Mortgages Bankers Association, and Fannie Mae are predicting mortgage rates will increase by late next year. Alos looking at some projections of the housing market see it rising another 4.7%.  

What Does This Mean as a Buyer?

If home prices appreciate by 4.7% over

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