Mortgage Rates Going UP?

Although historically low, mortgage rates are forecast to begin going up very soon. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, before I go any further […]

Dwell JC | Feb 23, 2021

366 6th | 2-bed 2-bath Condo

This lovely 2-bed, 2-bath condo was under contract in nine days with multiple offers above asking price of $924,900. The south-facing windows provide plenty of natural light. The fully-equipped kitchen includes white quartz countertops and the best Bosch appliances. This 1380 SF home has two lovely bedroom suites with huge custom California closets and adjoining […]

Dwell JC | Feb 6, 2021

RENTED @ 299 Grand| Luxury 2-Bedroom Rental

We received multiple applications in the first week for this expansive 1270 SF two-bed home is located in the lovely Liberty Harbor development. This is a luxury condo with the look and feel of living in a 3-family home. Floor-to-ceiling windows fill the open-concept living and dining area with natural light. The designer chef’s kitchen […]

Dwell JC | Feb 5, 2021

What record low inventory means for you . . .

The Jersey City real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which shows that the […]

Dwell JC | Jan 29, 2021

Year-End Report | Downtown JC

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. However, here in downtown Jersey City, the year was a turbulent one for real estate values. Overall, downtown Jersey City saw a slight (1%) drop in home sale prices year-over-year.  Here is a breakdown by property type: Where will […]

Dwell JC | Jan 18, 2021

New Year Forecast: Four Experts Weigh In

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country and New Jersey. The average homeowner in NJ had a $21,000 gain in home equity in 2020. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to […]

Dwell JC | Jan 1, 2021

Real Estate vs the Pandemic

The year 2020 has been challenging for many.  It has been a year when we have learned to do a lot remotely, and homebuying is no exception.  From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. Some of those changes like […]

Dwell JC | Dec 10, 2020

Is buying a home in JC still affordable?

Here in Jersey City housing inventory is at an all-time low.  And yet, the housing affordability index is better than it was just 2-3 years ago.  What’s going on? How is this possible?    Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In […]

Dwell JC | Dec 2, 2020

Real Estate Market Continues to Climb

Earlier this year, Realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking […]

Dwell JC | Sep 16, 2020

Homes Are More Affordable Right Now Than They Have Been in Years

Over the years home prices in Jersey City have appreciated – in some cases significantly.  When we hear prices are going up, even now in these uncertain times, it’s normal to think that the real monthly cost of a home is also going up.  The way the housing market is positioned today, however, fantastically low […]

Dwell JC | Aug 17, 2020