Today’s Housing Market Is Nothing Like 15 Years Ago There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing

New Jersey motorists will have to dish out more cash starting in the new year, with toll increases planned on the New Jersey Turnpike and Garden State Parkway, plus for all the Hudson River crossings.On Jan. 1, 2023, tolls will climb 3% on the parkway and turnpike - the increases amount to cents - w

Netflix sets the scene with $903M studio plan for ex-military base Bidding for “mega parcel,” streaming service envisions massive facility to anchor its East Coast productions. Netflix unveiled plans last week for an investment of $903 million in a production facility at the former Fort Monmouth in

With recession worries growing, power may shift back to employers and threaten perks gained during the pandemic.  If the US job market continues to weaken next year, companies will be emboldened and may pull back on letting employees work remotely. Executives generally fall into two camps on working

30YR Fixed 6.32% +0.04% 15YR Fixed 5.57% +0.02%   "No One" Buying or Selling Existing Homes "No one" is a relative term when it comes to economic data.  There are actually about 4 million people per year buying existing homes based on the annualized and seasonally adjusted pace in the latest install

30YR Fixed 6.38% +0.11% 15YR Fixed 5.54% +0.02%   Building Permits Fall Well Below Housing Starts For First Time in Over 2 Years Housing Starts, the jargon word used to refer to the inception of new residential construction, have a reasonably logical relationship with building permits.  The latter t

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significant

Mortgage Rates Are Dropping. What Does That Mean for You? Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Eva

30YR Fixed 6.17% +0.04% 15YR Fixed 5.48% +0.03%   Best Winning Streak For Rates in 2 Years It was a critical week for financial markets and especially for rates as investors digested the latest inflation data and the Fed's smaller rate hike.  In fact, the latest inflation data could be thought of as

Planning to Retire? It Could Be Time To Make a Move. If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better pos

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competi

30YR Fixed 6.34% +0.05% 15YR Fixed 5.78% +0.03%   Rates Dream of Green Christmas With Help From The Fed As far as financial markets are concerned, a green Christmas is better than anything Bing Crosby could have crooned about. Green is the color that flashes when markets are improving or when intere

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment R

  30YR Fixed 6.29% -0.34%   15YR Fixed 5.75% -0.23%   Mortgage Rates Drop Sharply, Hitting Lowest Levels Since Mid-September Mortgage rates had been in a holding pattern for nearly 3 weeks following the November 10th CPI inflation data.  On that single day, the average 30yr fixed rate fell by a reco

30YR Fixed 6.29% -0.34% 15YR Fixed 5.75% -0.23%   $726,200 is The New Loan Limit for 2023; High Cost Counties Now Over $1m If you're just here for the conforming loan limit news, $726,200 is the number for 2023.   Does this mean no one can get a mortgage for more than $726,200?  No.  The conforming

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons this

96   Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 6.65% +0.03% 15YR Fixed 6.00% -0.02%   Pending Home Sales Decline for Fifth Month in a Row October saw contracts to purchase existing homes fall for the fifth straight month. The National Association of Realtors®

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, the

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purc

⇒ If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are mor