Penn-Jersey Realty LLC

Want Top Dollar for Your House? Now’s the Time To List It. When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. Here’s why now’s the time to list. >>Demand Is Very Strong This Winter... A recent article in Inman News explains, Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’ And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The latest index reveals this December was the most active December in five years. >>Housing Supply Is Extremely Low Each month, realtor.com releases data on the number of active residential real estate listings. Their most recent report reveals the... Find Yourself Home w/ Penn-Jersey Realty.

The Path To Homeownership Can Be Steeper for Some Americans As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can mak...e all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, the lowest homeownership rate persists in the Black community. Homeownership is an essential piece for building household wealth that can be passed down to future generations. However, there are... Find Yourself Home w/ Penn-Jersey Realty.

Consumers Agree: It’s a Good Time To Sell Many homeowners are weighing their options and trying to decide if they should sell their house. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. According to the latest Home Purchase Sentiment Index (HPSI) by Fannie Mae, 76% of consumers believe now is a good time to sell.... Consumers are incredibly optimistic today. In fact, survey respondents think it’s an even better time to sell a house today than they did in the lead-up to the health crisis. The latest survey results indicate we’re at one of the strongest peaks in seller sentiment since March of 2019, hitting highs when 77% of people thought it was a good time to sell only twice before in June and October of 2021. From record-high equity gains to record-low housing supply and... Find Yourself Home w/ Penn-Jersey Realty.

Why a Move Could Bring You More Happiness This Year Over the past two years, we’ve lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that’s led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you’ve found your current home isn’t filling all your needs, you may be wondering if it’s time to find a new one. There’s reason to believe a chang...e of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University’s Department of Psychology and co-author of a study on how new experiences impact happiness, says, Our results suggest that people feel happier when they have more variety in their daily routineswhen they go to novel places and have a wider array of experiences. A move could be exactly the new experience you’ve been... Find Yourself Home w/ Penn-Jersey Realty.

Millions of Americans Have Discovered the Benefits of Multigenerational Households If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people... have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. They include households with grandparents and grandchildren under the age of 25. As you weigh your options and decide if multigenerational living is right for you, here's some helpful information highlighted by... Find Yourself Home w/ Penn-Jersey Realty.

How Remote Work Impacts Your Home Search [INFOGRAPHIC] If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search. Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space. If you want to learn about how remote work can give you more options, DM me to discuss your situation and priorities for your home search. Find Yourself Home w/ Penn-Jersey Realty.

There's Still Time To Take Advantage of Historically Low Mortgage Rates Today's mortgage rates are still incredibly low compared to the historical norm. Let's connect so you can strike while the iron is hot. Find Yourself Home w/ Penn-Jersey Realty.

We Remember, Today and Always We remember and honor those who gave all. Find Yourself Home w/ Penn-Jersey Realty.

Where Do Experts Say the Housing Market Is Heading? As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com: . . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold... slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer. National Association of Realtors (NAR): Sellers who have been hesitant to list homes as part of their personal health safety precautions may be more encouraged to list and show their homes with a population... Find Yourself Home w/ Penn-Jersey Realty.

Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not. Yanling Mayer, Principal ...Economist at CoreLogic, recently revealed: A distributional analysis of forborne loans’ payment status reveals that more than one third... Find Yourself Home w/ Penn-Jersey Realty.

What Does 2021 Have in Store for Home Values? According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to registe...r above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued... Find Yourself Home w/ Penn-Jersey Realty.

Why Not to Wait Until Spring to Make a Move The housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s economic pause is playing out extremely well for real estate, and the current market conditions are truly making this winter an ideal time to make a move. Here’s a dive into some of the biggest wins for homebuyers this season. 1. Mortgage Rates Are Historically Low In 2020, mortgage rates hit... all-time lows 16 times. Continued low rates have set buyers up for significant long-term gains. In fact, realtor.com notes: Given this... Find Yourself Home w/ Penn-Jersey Realty.

Is This the Year to Sell My House? If one of the questions you’re asking yourself is, Should I sell my house this year? consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now i...s a good time to buy a home, while 59% feel it’s a good time to sell one: The percentage of respondents who say it is a good time... Find Yourself Home w/ Penn-Jersey Realty.

Reasons to Hire a Real Estate Professional [INFOGRAPHIC] Some Highlights Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process.... The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more. Find Yourself Home w/ Penn-Jersey Realty.