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She’s a high school teacher; he’s a petroleum engineer. Both are in their late 50s — near the front end of the baby boom generation. Their four kids are married and out of the house. But at a time when many boomers are downsizing, this couple is moving to a much larger, more luxurious property.
A federal mortgage loan program that covers the purchase of a house and the cost of renovating it might finally get the attention it deserves as a result of the widespread damage from Hurricane Sandy.
Visitors to the southern New Jersey shore this summer will find several new places to stay after a mix of hotel and motel construction and renovation this off-season.
In the midst of the world’s largest-ever open house campaign, perhaps it’s appropriate to ask just who benefits from the scheduled hosting of the public at a home for sale.
In a new age of low-cost borrowing, average 30-year fixed mortgage interest rates dipped below 4 percent in November 2011 and have not turned back.
In many neighborhoods, the backlog of foreclosed properties is now clearing, and home-selling activity is picking up dramatically. Meanwhile, buyers who have been waiting on the sidelines for several years are finally jumping in the fray.
The Atlantic City & County Board of Realtors faces some unusual challenges as Corrina “Cori” Haberkern, broker/salesperson with Century 21 Atlantic Professional Realty in Absecon, begins her term as president.
Home equity lines of credit, which soared in popularity during the housing boom but faded as residential real estate values crashed, are starting to make a comeback.
Builders convention in Atlantic City
Avalon Real Estate Agency has merged into Long & Foster Real Estate, one of the nation’s largest privately held real estate companies.
Home-improvement work in southern New Jersey will pick up this year, and not just because of storm damage.
As real estate recovers in many markets, more homebuyers are once again hankering for that supersized house with the circular driveway.
Dear Jim: I just moved into a new house and I went up into the attic to store some holiday decorations. There was no insulation on the cover or seals around it. Shouldn’t the cover be insulated and sealed? – Mike M.
Prudential Fox & Roach acquires First Eastern Realty
Slow-but-steady improvement continues to characterize the commercial real estate market locally and nationally.
The days of grandma, parents and their children all living in one house is often a concept many look back upon with nostalgia as a simpler time.
A half-decade ago, more retirees were interested in buying a home in an age-restricted senior community. But that was before the recession hit.
Andreea Stucker thought she made a good investment when she bought a Huntington Beach, Calif., condo with her boyfriend in December 2005.
Financial advisers have long cautioned retirees to avoid taking on mortgage debt when they buy a home. But some find it unavoidable — even when they’re downsizing to a smaller property in a more affordable real estate market.
Actress Jane Fonda bought a home in Beverly Hills, Calif., last year with a feature that might seem counterintuitive for a fitness guru: an elevator.
Home shoppers take a hard look at kitchens when choosing one house over another, and local kitchen design and remodeling shops can give home sellers an idea of what is desirable.
Keller Williams Realty-Jersey Shore has added three sales associates who previously work-ed together at Weichert Realtors in Turnersville.
Once his classic 1920s-era Tudor hit the market, its owner knew it wouldn’t take long for his phone to ring. The house in a coveted suburb featured soaring ceilings and a swank new kitchen suitable for a Better Homes & Gardens spread.
Dear Jim: Our old master-bathroom toilet does not flush well. We are thinking about adding a first-floor half bath. What are the best types of toilets to get for each room, and which ones save the most water? — Connie H.
The downturn in the real estate market trickled down to coattail industries, including title agencies. Those that survived were either more aggressive or adapted their business to fit a new model.
Kelley Tanzola has joined Keller Williams Realty-Jersey Shore in Ocean City as a team leader to recruit and train associates for area Keller Williams offices.
During an economic downturn, some couples who have decided to split up postpone moving. Instead, they opt for what’s known as a “domestic divorce.” They continue living under the same roof, waiting for their finances to improve before one or both can leave.
OCEAN CITY — Real estate agents in South Jersey are watching for any surge in new listings related to Hurricane Sandy and the stricter flood-elevation standards.
WASHINGTON — By most economic measures, the moribund housing sector seems to have turned a corner and is now firmly in recovery. For many homeowners, however, it may still feel like a statistical rebound because an improving housing sector is not the same as a healthy one.
Foreclosures in the region and state increased substantially last year as court-ordered restraints on processing were lifted, even as they fell nationally.
Memorial Day is still more than 130 days away, but rental properties along the southern New Jersey shore are already in demand.
As a homebuyer, the type of property you choose can have a big influence on how you spend your time - especially if you pick a place with a large lot. If you have a hectic career or a large family, you may wish to avoid a place with lots of greenery - one that could make you a slave to all that pruning, clipping, fertilizing and watering.
Billionaire entrepreneur and inventor Elon Musk has paid $17 million for a mansion in Bel Air, Calif. Built in 1990 and remodeled with entertaining in mind, the 20,248-square-foot manse features a two-story library, a theater, a library/study, a wine cellar, a gym, seven bedrooms and 10 bathrooms. The Los Angeles Times reports the 1.7-acre property includes a tennis court, a swimming pool and an expansive motor court. Musk, 41, founded Hawthorne rocket maker Space Exploration Technologies Corp., known as SpaceX. He co-founded electric-car company Telsa Motors Inc. and the Internet payment company that would become PayPal. The property previously changed hands in 1997 for $5.35 million, public records show.
Would you love to leave your cramped home in favor of a more spacious or appealing place? Perhaps you aspire to own a house with a yard large enough for your puppy to romp. Or maybe you want a condo with a rooftop terrace and view of the city. In any case, do you figure it will take a full year to save enough cash for your major move?
Builders of new homes in the region are offering new models for the new year, positioning themselves to take advantage of a slowly improving market.
After about six months of looking, Richard Mallek and his wife, Susan, are ready to close on their first home, a three-bedroom sanctuary with old Florida charm in Boynton Beach, Fla.
Los Angeles Times
By 2013, many housing industry experts had expected an easing in the nation's stringent mortgage-lending standards. But while there's been a slight loosening since the economic downturn hit, many homebuyers, including those with decent credit, still confront big barriers to home finance.
New technology, more complex transactions and the increasing sophistication of buyers and sellers place growing demands on real estate practitioners.
It can be gut-wrenching to sell a home that evokes long years of fond memories.
ORLANDO, Fla. - From the South Florida rock in its concrete slab to the roof trusses milled in Yulee, Fla., Greg and Jennifer Gent's new house may be the only one in Central Florida built entirely with U.S.-made products.
Dear Jim: I would like to use some free solar heating in a south-facing kitchen. I cannot afford to have a system installed professionally. What type of simple solar heater can I build myself for one room? - Quinn N.
Five real estate agents have joined Balsley Losco Real Estate on New Road in Northfield.
Commercial real estate specialists in the region will be satisfied if this year’s slow and steady growth in the sector continues as expected into 2013.
QUESTION: My wife and I are considering a reverse mortgage to pay off our existing conventional loan and receive a few dollars to make repairs. We have a fixed income and are looking forward to living in the house for the rest of our lives without having to make payments. Because I am several years older than my wife, the lender is telling us that we can take out more money if we leave her name off the mortgage. Is it a good idea?
If you’re getting a home loan, the lender may require you to pay for private mortgage insurance, or PMI. Here are some key things to know about PMI and how to get out of it:
Seemingly minor details can sometimes make or break a sale.
A year or two ago, when a multitude of homes was on the market, many people couldn’t be arm-twisted into making a purchase. Yet now that inventories have dwindled dramatically, things have changed.
Few industries in South Jersey felt the brunt of the economic downturn as much as construction, a once-robust sector that plummeted during the recession and took thousands of jobs with it.
Sales of existing homes in Cape May and Cumberland counties jumped in November, and the National Association of Realtors on Thursday reported sales nationwide rose about 6 percent.
ABSECON — A failed senior housing complex will not be able to go all-ages and restart development, following an 8-0 Zoning Board decision on the proposal Tuesday night.
Do you hanker to trade your modest home for a majestic manse with a regal entrance, tall ceilings, a gourmet kitchen, five bedrooms and a circular driveway out front?
ATLANTIC CITY — There can be many pitfalls out there for real estate agents trying to sell homes, and continuing education courses at the real estate convention this past week taught Realtors to avoid many of them.
Dear Jim: Some rooms in our house are too hot or too cold, and someone is always complaining. What can we do to even out the room temperatures to keep everyone happy. Will doing this lower our utility bills? — Sean H.
The race is on to finalize short sales and seal the deal on mortgage reductions as the Dec. 31 expiration of a massive tax break for struggling homeowners looms.
Brian Groetsch Jr., a broker-associate with Re/Max at the Shore, is the Cape May County Association of Realtors 2012 Realtor of the Year.
As Congress looks for new sources of revenue to deal with the looming “fiscal cliff,” a popular ingredient of the American dream could be on the chopping block.
Are you planning to sell your home in the new year? If so, real estate specialists say it's crucial that you do all the repairs and improvements needed before your property hits the market. That means fixing every leaky faucet, gash in the walls and shaky stair railing.
The state's housing market now looks like it will need until the end of next year to work through the backlog of foreclosures hanging over it.
When Cris Robinson put her Rancho Santa Margarita, Calif., townhouse on the market earlier this year, she noticed that the only nearby homes selling were foreclosures and short sales.
Are you a wannabe home seller who planned to get your place on the market during the spring-summer selling season but are only now ready to sell? If so, don't despair. It's still very possible to strike a good deal this winter.
After two foreclosures and two bankruptcies, Hermes Maldonado is as surprised as anyone that he's getting a third shot at homeownership.
More real estate offices in southern New Jersey will be recommending travel insurance for vacationers after coastal storms prompted evacuations in consecutive years.
Few would have believed it just a few short years ago, but the housing recovery has come far enough that in an increasing number of popular neighborhoods, buyers must now compete with rival bidders.
In the aftermath of Hurricane Sandy, real estate offices on barrier islands served multiple roles. In addition to selling homes, they were forced to assess their own damages and field calls from worried owners of second homes and out-of-state property owners.
As the economy heals, more people who've lost a job are finding new work, albeit often in a distant location. But moving for work often means selling a beloved home, and that transition can be painful, says Ronald Phipps, a veteran real estate broker.
Dear Jim: Our bathroom vent fan has been getting noisier for years, so I want to install a new quiet one. How can I tell which are most quiet? Is it more energy efficient to run the vent fan or open the window? - Steve R.
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