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128 East Camp Walk, Island Heights

Call me today at 732-814-7134 for your private tour!

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2020 Homeowner Wish List [INFOGRAPHIC] 2020 Homeowner Wish List [INFOGRAPHIC] | MyKCM Some Highlights In a recent study by realtor.com, homeowners noted some of the main things they would change about their homes to make them more livable. Not surprisingly, more space, an updated kitchen, and a home gym rose to the top of the list. If you’re thinking of selling this year, having these items in your listing might make your house more desirable than ever to potential buyers. https://www.instagram.com/p/CAOW4zpgvG1/?igshid=1ueq0k7jieiwi

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Lawrence Yun, Chief Economist at NAR, noted the beginnings of a turn in the market: “After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.” Sellers are positioning themselves to make moves this year. More than 3 in 4 potential sellers are preparing to sell their homes once stay-at-home orders are lifted and they feel more confident, which means more homes will start to be available for interested buyers. Additionally, the recent pandemic has clearly impacted buyer preferences, with some buyers shifting their focus from urban to suburban areas, and some changing their desired features in a home to include home offices, bigger yards, and more space for their families. In fact, most buyers have continued to look for a home despite unemployment rates and other uncertainties right now. If you’re thinking about putting your house on the market, DM me today. There’s a good chance an eager buyer is looking for a home just like yours. #Sellyourhouse #moveuphome #dreamhome #realestate #homeownership #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #justsold #keepingcurrentmatters https://www.instagram.com/p/CALDfGrAqf7/?igshid=1kbk1aqkgx0ay

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Recession? Yes. Housing Crash? No. With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the economy in the second quarter of this year. Though we may not yet be in a recession by the technical definition of the word today, most believe history will show we were in one from April to June. Does that mean we’re headed for another housing crash? Many fear a recession will mean a repeat of the housing crash that occurred during the Great Recession of 2006-2008. The past, however, shows us that most recessions do not adversely impact home values. Doug Brien, CEO of Mynd Property Management, explains: “With the exception of two recessions, the Great Recession from 2007-2009, & the Gulf War recession from 1990-1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.” CoreLogic, in a second study of the last five recessions, found the same. Here’s a graph of their findings:Recession? Yes. Housing Crash? No. | MyKCM What are the experts saying this time? This is what three economic leaders are saying about the housing connection to this recession: Robert Dietz, Chief Economist with NAHB “The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds - which it will at some stage - housing is set to help lead the way out.” Ali Wolf, Chief Economist with Meyers Research “Last time housing led the recession…This time it’s poised to bring us out. This is the Great Rece https://www.instagram.com/p/B-7iiNNDyb9/?igshid=ltfv8olc8mu4