Brian McCarthy's Blog Posts

September Housing Statistics

With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a

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How To Determine If You Can Afford To Buy A Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today.It is true

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September Housing Market Statistics

With the kids back in school and the weather cooling, the housing market begins its annual cooldown as well. Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a

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3 Reasons Why This Is Not The 2008 Real Estate Market

No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There

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62 Percent Of Buyers Are Wrong About Down Payment Needs

According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More

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How Supply Of Homes For Sale Impacts Buyer Demand

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate

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Black Friday For Home Buying Is Here

The week of Sept. 22, which marks the beginning of fall, is the best time of year to buy a home, according to a new realtor.com® analysis. Buyers tend to find less competition, more inventory, and

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Should You Renovate Before Selling Your Home Or Not

With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents

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August Existing Home Sales Posted A Second Straight Month Of Gains

US real estate news: Sept 20, 2019While the increase wasn't as strong as in July, last month's existing home sales posted a second straight month of gains and, as previously, the National

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5 Staging Tips From The Pros To Sell Your Home Faster

Because you only get one chance at a first impression, it’s critical for everything in a home to look its best. When potential buyers look through a house, they need to be able to visualize

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Avoid These 7 Things After You Apply For A Mortgage

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases,

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Will Home Value Sink Soon

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope

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5 Reasons To Sell This Fall

1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the

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Case Shiller Home Prices Approaching A Balanced Market But Theres A Big If

Case-Shiller Home Prices: Approaching a Balanced Market—but There’s a Big If...In a 15-month trend, annual appreciation decelerated to 3.1 percent in June, falling from 3.3 percent in May,

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NAR Historically Low Mortgage Rates Spurs Increase In HomeBuying

Budged by historically low mortgage rates, existing-home sales sprang up 2.5 percent, according to the July National Association of REALTORS® report, released today. July’s sales totaled 5.42

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Buying A Home Do You Know The Lingo

Some Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most

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Condo Financing Is About To Get Easier HUD To Ease FHA Lending Guidance

HUD To Announce Long-Awaited FHA Condo Rule Changes to Expand Financing Options...KEY POINTSTHE NEW RULES WILL: Extend FHA certifications on condo developments from two years to three years,

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Debunking The So Called Housing Affordability Crisis

It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate

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THE BENEFITS OF GROWING EQUITY IN YOUR HOME

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked

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Heres What A Fed Rate Cut Would Mean To The US Housing Market

From therealdeal.com: What kind of difference could a quarter of a point make?Plenty, according to some real estate developers and industry pros who say the Federal Reserve’s expected

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Home Prices Are Rising Across The Country

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared

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Why You Should Buy A Home Now

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.1. AffordabilityMany people

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2019 Much Better Than 2018 For Sellers

Over the last few years, many sellers have been hesitant to put their houses on the market because they feared not being able to find another home to buy.We’ve reported on inventory

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Mistakes Buyers Make When Searching For Their First Home And How To Avoid Them

Many starter-home purchases are driven primarily by price, which is understandable. But, there are so many other considerations involved in finding the right place, like square footage and location,

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4 Tip To Sell Your Home Faster

Since June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For

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5 Powerful Reasons To Own Instead Of Rent

Owning a home has great financial benefits.In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:

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What To Expect At Your Home Inspection

So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection.This

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What You Need To Know About Private Mortgage Insurance PMI

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to

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3 Things To Know About In Todays Housing Market

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet

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For The First Time In Years Buyers Markets Surface

As inventory reappears, the housing market’s narrative is shifting.According to new realtor.com® research, there are burgeoning buyer’s markets to watch, characterized by expanding

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2 Of The Biggest Myths Stalling Homebuyers

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers,

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5 Tips When Searching For Your Dream Home

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared.In a 

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Home Prices Continue On Healthy Course In Q1

Inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous quarter, according to new research.From the first quarter of 2018 to the first

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Flips Hit A Peak Recently New Research Shows

Flips hit a peak recently, new research shows. In the lead-up to the recession, flipped homes made up 11.3 percent of sales in the U.S., according to CoreLogic data. In the fourth quarter of

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CAN LOWER RATES BOOST HOME SALES

Existing-home sales in March tumbled 4.9 percent, coming off a February surge, the National Association of REALTORS® reports. At 5.21 million, existing-home sales last month underwhelmed by 5.4

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Get Out Of The Rental Trap In 2019

When I meet with first time home buyers, by far the most common reason they decide to buy is that their rent gets raised every year and quickly becomes unaffordable. It's understandable in a high

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Taking Stock Five Key Financial Market Developments In 2018

Taking stock: Five key financial market developments in 2018January 10, 2019Julia

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What Happens If You Wait A Year To Buy A Home

Courtesy of https://www.keepingcurrentmatters.com/2018/12/10/what-if-i-wait-a-year-to-buy-a/

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Further Proof Its NOT 2008 All Over Again

-Via https://www.keepingcurrentmatters.com/2018/11/29/further-proof-its-not-2008-all-over/

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Why Housing Supply Increased As Sales Have Slowed Down

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased

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The Typical Real Estate Purchase Cycle From The Buyers Side

Hello and thanks for being here. Most of the buyers I work with ask me sooner or later how the process works. It's different in every real estate market so it's never a bad idea to prepare

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5 Upgrades That Add BIG Value To Your Condo

Following my previous post, "10 Things To Consider Before Renovating Your Condo" now you should have a better idea of who you're renovating for, what the rules are, and how to get the most out of

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10 Things To Consider Before Renovating Your Condo

I read two great articles recently about the best upgrades and renovations to consider when you want to add value to your condo. This is great advice if you're looking to sell your home soon or just

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Highlights From 2017 In Our Local Real Estate Market

A QUICK LOOK AT SOME SURPRISING CHANGES IN OUR REAL ESTATE MARKET IN 2017Several sections of Jersey City showed incredible appreciation in 2017. The Heights, Journal Square and Greenville all

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List To Sale Price Ratio Up Way Over 100 Percent Nationwide In 2017

Approximately 24% of all homes sold nationwide in 2017 sold for over asking price!!Full Article

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Real Estate Fast Stats Quarter 3 2017

For residential real estate in 2017, the news has continued to provide a relative sense of calm for both buyers and sellers. The national unemployment rate registered in at 4.1 percent for October

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Union City Where Predictability Is A Good Thing

UNION CITYQUARTERLY STATS - Q3, 2017 vs. Q2, 2017CONDOS/TOWNHOUSES:Median Sale Price:  $310,000Change in Median Sale Price:  -5.2%Median Sale Price/Sq.Ft:  $342SINGLE FAMILY HOUSES

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Journal Square Jersey City Is Booming

^ image courtesy of Investjersey.cityJOURNAL SQUARE QUARTER 3, 2017 COMPARED TO QUARTER 2, 2017CONDOS/TOWNHOUSES:Median Sale Price:  $300,000Change in Median Sale Price:  +10.9%Median

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Valuable Home Buying Alternatives To Hoboken In Jersey City Heights

Quarter 3, 2017 compared to Quarter 2, 2017The Heights, Jersey CityOne Family Houses* Change in Median Sale Price  +16.9%* Avg. Days on Market  -19 days* Median Sale Price  $438

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August 2017 Hoboken Real Estate Market Summary

Hoboken, NJ - Comparing Year-To-Date Through August 2016 to 2017        Single Family:* New listings  +15.9%* Closed sales  +58.9%* Days on market  +37.0%* Median

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3 Investment Principles To Live By

 3 Investing Principles to Live By!  They say if you're not an insider then you don't really know what's going on in the market.  But  outsiders can still&

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PROPERTY OWNERS IN THREE TOWNS MAY SOON BE FACING STATEORDERED REVALUATIONS

Jersey City, Elizabeth and Dunellen assessments haven’t been updated in decades; values assigned for tax purposes are tiny percentage of true valueThree New Jersey municipalities where property

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Tips For Tax Savvy Homeowners

Autumn chores: raking leaves, weatherproofing, storing the patio furniture and preparing for next year’s tax returns.With nearly three months left in the year, jumbo-mortgage borrowers still have

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Interest Rates To Stay Low For October But Likely To Rise Before 2016

Friday’s soft jobs numbers are unlikely to produce panic at the Federal Reserve about the health of the jobs market, but the report does reduce the likelihood the central bank will raise

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New Mortgage Rules May Spark Delays And Frustration

Effective Oct. 3, regulations aim to protect consumers, but they prompt concerns in industry.Mortgage lenders and real-estate agents are bracing for the Oct. 3 implementation of a five-year-old law

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The Question Is Not Will I Get An Offer

In the San Francisco Bay Area’s hot real-estate market, the question for many sellers isn’t whether they’ll get an offer. It’s how much over the asking price the offer will be. 

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The Most Affordable Places In The US To Raise A Family

A family of four can meet its basic needs for $49,114 a year in Morristown, Tenn.—about half the income needed to raise a family in New York or Washington.There are 140

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Set Up A Few Systems Now For An Easy And Organized Routine When School Starts

Your Back-to-School Game PlanAre you the parent of school-age children? If you are I would like to talk to you about the end of the school year. “What? Why? It’s August!” You may protest.

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Aug 21 2015 13617 1

Hoboken to launch new bike-share program in SeptemberSeptember will be a big month for bicycles in Hudson County with the launch of two new bike-share programs in neighboring cities. Hoboken

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