A decade ago, the housing sector was in a mess. The mistakes of easy subprime lending resulted ultimately in the catastrophic collapse of the housing sector. Home values collapsed by a third nationwide, and the inventory of unsold homes spiked to unprecedented heights. Miami, for example, at one point was said to have 30 years of housing inventory.
Fortunately, after many years of sobering up, with proper lending and consistent job creations in the economy, the housing market has regained some health, with higher home sales and a very low foreclosure rate. However, the industry today is facing a different kind of crisis: not enough homes for sale.
The inventory of homes on the market last year in 2017 was one of the tightest ever. In early 2018, it is even worse. In the first quarter, the number of homes on the market averaged 1.59 million, which is down 8.4% from the same period one year ago. Strictly focusing on single-family home listings, this is the lowest inventory since the tracking of the data from the early 1980s.
Calling all horse lovers….build your dream home here! Located in East Vineland, New Jersey, this farm boasts 12.43 +/- acres and could be a perfect horse farm! Three road frontages, level topography. 60 x 90 pole barn with riding rink and a 36 x 60 horse barn with nine 10 x 12 stalls. Convenient access to Route 55, 47, 552 and 49. Call today and ask about property # 73. Stacy Direct 856-364-0772.
Make it yours! This 12.43 +/- farm is located in East Vineland, NJ. Has three road frontages, level topography. Perfect for horse farm. 60 x 90 pole barn with riding rink and a 36 x 60 horse barn with nine 10 x 12 stalls. Convenient access to Route 55, 47, 552 and 49.
WASHINGTON (March 28, 2018) — Pending home sales snapped back in much of the country in February, but weakening affordability and not enough inventory on the market restricted overall activity compared to a year ago, according to the National Association of Realtors®.
The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, grew 3.1 percent to 107.5 in February from a downwardly revised 104.3 in January. Even with last month’s increase in activity, the index is 4.1 percent below a year ago.
This exerpt from The National Association of Realtors. Click HERE to read more.
Located in Millville, NJ this home features an eat-in kitchen with stainless steel appliances and double sink open to Family room. Family room has gas fireplace and skylights for extra lighting. Tiled foyer, separate dining room and formal living room. Spacious bedrooms, bathrooms have tile flooring and surround, partial basement. New roof, two car attached garage with auto door opener, rear concrete patio, large fenced-in backyard. Holly Height Elementary School, easily accesible to Routes 49 and 55.
Call today and ask about property #72 Stacy Schnell~ Cell: 856-364-0772
Move in ready ranch in Vineland, NJ. Eat-in kitchen, formal living room, large family room, master bedroom has a built in electric fireplace and a 12×14 walk-in closet/dressing room, master bathroom has been completely renovated including a Jacuzzi tub, stall shower, double vanities and tile flooring. New carpet throughout the home, replacement windows, public water, partially finished basement with separate entrance includes 4th bedroom and a full bathroom. Large fenced-in backyard with paver patio, spacious deck surrounding above ground pool and new 12 x 20 shed. Convenient access to Routes 55, 40 and 47. Reach out today and ask about property #68. Stacy Schnell 856-364-0772 ~ Berkshire Hathaway Fox & Roach Realtors ~
New Jersey real estate for sale! Located in the city Millville part of Cumberland County, this home is move-in ready two story home on private lot in Whitmarsh Estates. Renovated kitchen has breakfast bar, granite counter tops, tile flooring, tile backs plash, double sink and recessed lighting. Kitchen opens to family room with hardwood flooring and cathedral ceiling. Formal living room has cathedral ceiling with skylights, hardwood flooring, crown molding and a wood burning fireplace. Florida Room with hot tub off of family room leads to large rear deck with retractable awning. Paver walkway & patio w/ fire pit. Dining room, laundry room and half bath on first floor.
Spacious master bedroom with full bath. Master bath has tiled stall shower and tiled flooring. Full basement, one car attached garage with auto
door opener, roof 2 years old. Natural gas heat and hot water, public water and sewer, shed. Rieck Avenue Elementary School. Convenient access to Routes 49, 47 and 55.
Give a call or send a text today and ask about property #57.
Buying a home can be nerve wracking, especially if you’re a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses.
To make the first-time home buying journey a little less stressful, 25 tips to help you navigate the process more smoothly and save money.
This excerpt from USA today, please click below to read full article:
Well maintained two story home on private wooded lot in Palatine Lake Village. Eat-in kitchen with stainless steel appliances, granite countertops, tile backsplash and tile flooring. Kitchen open to living room with brick wood burning fireplace. Separate dining room, formal living room and half bath on first floor. Spacious bedrooms including master bedroom with sitting area and walk-in closet. Master bathroom has double vanity and stall shower. Full finished basement with built-in bar and half bath. Large rear deck, ceiling fans, insulated garage doors, securtiy system, electric dog fence, natural gas heat and hot water. Homeowners association includes use of the in-ground pool, clubhouse and tennis courts. Pittsgrove School System. This home is eligible for 100 PERCENT FINANCING through the USDA Rural Development Loan Program, no down payment required. Convenient access to Routes 40, 55, 47, 77 and 25 minutes to the Delaware Memorial Bridge. Give us a call today and ask for a private tour of property #71.