2024 Market Trends & What to Expect in 2025: A Somerset County Real Estate Update
The State of the Market: Low Inventory and Steady Buyer Demand As we close out 2024, low inventory continues to be a key challenge in our real estate market. Fewer homes are being listed, and those that are available are seeing steady buyer demand. However, the number of offers per property has decreased slightly, which […]
Mortgage Rates Are Dropping—What Does It Mean for You?
The latest mortgage update from Freddie Mac is in! As of November 14, 2024, the 30-year fixed-rate mortgage averaged 6.78%, just slightly lower than the previous week at 6.79%. But the real story is when you compare it to last year, where rates were as high as 7.44%. This marks a significant improvement in affordability […]
Building Equity in 2024: How Buying a Home Can Pay Off
If you’ve been considering purchasing a home, here’s a compelling reason to make the leap: equity. In fact, if you buy a home for $450,000 in January 2024, the Home Price Appreciation Expectations Report shows that you could gain $90,957 in equity over the next five years. That’s almost $10,000 per year—an incredible return on […]
How Presidential Elections Impact the Housing Market: What You Need to Know
As we head into an election year, many buyers and sellers are wondering how the upcoming presidential election will impact the housing market. The truth is, presidential elections often cause a temporary slowdown in home sales, but it’s not all doom and gloom. Let’s break down what’s happening, why it happens, and what it means […]
Is It Time to Buy a House? 5 Tips for Success in a Competitive Market
Thinking about buying a home in today’s competitive market? If so, you’re not alone! With so many buyers looking to make their move, it’s essential to be prepared and strategic. Here are five quick tips to give you the edge you need in your home-buying journey. Get Pre-Approved Before you start house hunting, getting pre-approved […]
Boost Your Curb Appeal: Attract Buyers and Maximize Your Home’s Value
When it comes to selling your home in Basking Ridge, New Jersey, curb appeal is key. Buyers often form their first impressions in just 90 seconds—before they even step inside. In today’s competitive real estate market, making sure your property stands out is essential. Here’s why curb appeal matters and how you can enhance it […]
Why the Housing Market Won’t Crash: Two Key Reasons to Stay Optimistic
There’s been a lot of chatter lately about a potential recession, and understandably, many of you may be feeling anxious about the housing market. However, as your trusted realtor and leader of The Blanchard Team at Berkshire Hathaway Fox & Roach, I want to assure you that a housing market crash is unlikely. Here are […]
Discover the Elegance of 50 Canoe Brook Lane: Your Dream Home Awaits
A Stunning Exterior As you approach 50 Canoe, the exquisite architecture immediately catches your eye. Nestled among lush greenery, the home’s exterior exudes charm and sophistication, setting the tone for the luxurious experience that awaits inside. Elegant Living Spaces Step through the front door and be greeted by a beautifully designed living room that radiates […]
Why Waiting for Lower Interest Rates Before Buying a Home Might Not Be a Good Idea
Are you holding off on purchasing a home, hoping that interest rates will drop? It’s a common strategy, but it’s important to carefully consider the relationship between interest rates and home values before making a decision. The Relationship Between Interest Rates and Home Values Interest rates and home value appreciation are closely connected. When interest […]
What Will the Housing Market Bring in the Second Half of 2024?
I’m Jen Blanchard with Berkshire Hathaway HomeServices, and today we’re going to break down the housing market forecast for the remainder of 2024. We’ll cover three key areas: home prices, mortgage rates, and home sales. Whether you’re buying or selling, these insights will help you make informed decisions in this dynamic market. So let’s dive […]