madison

Real Estate

February 19, 2024

In the fourth quarter of 2023 existing-home sales prices climbed in 189 out of 221 metro areas, 86% of the country. However, the number of metro areas that saw double digit growth was 15%, far from the trends of a few years ago. In the fourth quarter of 2021, for example, 66% of metro areas saw ...

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December saw a stark increase in pending home sales, with an 8.3% increase in contract activity from November, and a 1.3% increase from December 2022. Not a bad way to send off the year.  Three out of the four regions saw an increase, according to the Pending Home Sale Index released by the ...

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Orange, NJ - An Orange real estate investor was sentenced Wednesday for his involvement in a mortgage fraud scheme that resulted in losses of more than $1 million. The U.S. Attorney's Office announced that Cabral Simpson, 47, of Orange, New Jersey, was sentenced by U.S. District Judge Julien X.

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Pending home sales bounced back from August’s precipitous drop by posting a positive gain in September, rising 1.1%. This is according to numbers released by the National Association of Realtors® (NAR). Contract activity was up in three of the four regions, though year-over-year numbers were down ...

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Parc North, a boutique collection of 49 townhome and carriage home-style residences in Florham Park, is fast approaching sellout. Just three “Chestnut II” model carriage homes remain for sale at the Morris County community, according to developer Garden Homes.  “With its maintenance-free ...

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Have you been looking at homes, but are concerned with affording a home priced at $400,000 or more? Just because home prices are elevated doesn’t mean you can’t achieve your goal of home ownership.  Believe it or not, but the median home price in the U.S. in Q1 2023 was $429,000. That means that ...

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NUTLEY, NJ - Opportunity Knocks on Death’s Door and the legendary Old Canal Inn can be yours. The entire mixed use building, including the business, apartments, and Death Seat, is for sale. I first heard of the “Death Seat” at the Old Canal Inn when I found a copy of Weird New Jersey at the ...

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Pending home sales saw a second uptick in July, continuing a modest trend from June, according to numbers released by the National Association of Realtors® (NAR). Contract activity was up in two regions, and down in the other two, for a modest 0.9% increase nationwide. Year-over-year numbers were ...

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BERKELEY HEIGHTS, NJ - The current real estate market is experiencing a shortage of available properties, making it a crucial time for both buyers and sellers to explore their options. Rising interest rates have made it more challenging for those looking to upgrade their homes or become first-time ...

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With September approaching quickly, we’re entering the final quarter of 2023. This has been a fascinating, and some may say, frustrating year in the housing market, as high rates and low inventory have prevented the market from gaining any traction. At least so far. Over the last few years, ...

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Over the past few years, the housing sector has been gone from being one of the most robust and healthy parts of the economy to being in crisis. While other sectors crumbled or stalled as the coronavirus swept across the country, housing surged. But as mortgage rates have risen into the ...

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Student debt can be a barrier to homeownership for first-time buyers, but it doesn’t have to be. It’s still possible to achieve the dream of owning a home even with student debt. If you have a steady job, reliable income, and a good grasp on your expenses and other debts, you may be able to get ...

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MADISON, NJ - A beautiful freestanding office building, walking distance to Main Street in Madison is for sale.  This large porched Victorian can also be converted to a single family home as it is zoned for residential as well. The listing details are below: New to Market: 21 Green Village ...

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Warmer weather, longer days with later sunsets, trips to the beach—everything’s better in the summer, right? Add to the list: homebuying. While there’s a “selling point” for homebuying in every season, summer has quite a few. What better time to really get a feel for the neighborhoods you’re ...

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It’s a big country, obviously, and April’s pending home sales report reveals just how big it is. In the Northeast, contract activity had a huge drop of 11.3% from March, according to a report from the National Association of Realtors® (NAR). But the three other regions showed modest increases. Add ...

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One way to access additional funds during retirement is through a home equity conversion mortgage (HECM), which allows you to tap into the equity you've built up in your home. You may hear these mortgages referred to as a reverse mortgage, though a HECM is not the only type of reverse ...

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Proudly situated in Madison's coveted Hill Section, this stately Georgian colonial is the home that you've most-likely admired for years. With its classic white brick, slate roof, winding bluestone walkway, and professionally-designed landscaping this home is noteworthy. Immaculately cared for and ...

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With temps rising and flowers starting to bloom, it’s evident spring has sprung – and in the world of real estate, so has the busy spring selling season. As the market continues to rebalance in many locales, today’s homebuyers are enjoying more options and sellers are putting extra thought into ...

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Buying a home is one of the most important and expensive decisions you’ll ever make. For that reason alone, you need to use the best, most accurate information you can find when making it. Unfortunately, there’s a lot of bad information out there, often repeated by people with the best of ...

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In personal finance circles, a loan that helps you pay for something that you expect to rise in value — or at least hold its value — is considered a good debt. A loan to finance a purchase whose value will never be recouped is considered a bad debt.  A car loan is bad debt. It may be necessary, ...

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NEWARK, NJ — “Junior" Soprano’s house is back on the market. Okay, it’s not really where that grouchy old TV mobster lived. And actor Dominic Chianese, now 92, never set foot in the place. It’s just a modest home at 380 Highland Avenue in the city’s desirable and historic Forest Hill ...

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You got your pre-approval, found the perfect home and made an offer. At this point, you’ve probably already started daydreaming about sipping drinks on the back porch, cooking dinners in that giant kitchen or cozying up in that little reading nook that seems like it was built just for you. We know ...

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TRENTON, N.J. – In an effort to protect New Jersey homeowners, the state Assembly advanced legislation cracking down on a predatory real estate practice that targets cash-strapped residents. At least 15 other states have taken legal or legislative action against a Florida-based company, MV Realty, ...

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NEW JERSEY -- The average American household spends $2,279 on property taxes for their homes each year, according to the U.S. Census Bureau. In light of this, it’s little surprise that more than $14 billion in property taxes go unpaid each year, according to the National Tax Lien Association. To ...

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Helen Skirptunas has family ties to Cedar Grove which brought her and her family back to town recently.  She is excited to dive all in, lending her real estate and business savvy skills to clients looking to buy or sell a new home. We sat down with Helen and asked her about her passion for real ...

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Nothing humbles me more than when people I consider to be much smarter than me ask for my perspective, never mind when they happen to be the brilliant minds of academia… When Professor Boroff of the Stillman School of Business at Seton Hall University asked if I would run a seminar for her ...

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With the Spring market already in high activity mode, many people often wonder if they can in fact afford that new home or what their new payment would be if they decide to downsize. Utilize this fast and easy mortgage calculator to calculate your new payment. CLICK HERE TO ACCESS THE ...

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NEW PROVIDENCE, NJ - The Northern New Jersey region is known for its wealth of educational and research institutions, so it's no surprise that Lantern Hill, an Erickson Senior Living community in New Providence, N.J., is home to more than a fair share of academic professionals. The presence of ...

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The Federal Reserve hikes interest rates again Federal Reserve chairman Jerome Powell announced 50bps interest rate hike as part of the Fed’s continued battle against inflation. Additionally, Chairman Powell offered guidance on interest rates in 2023. The current projections for the next year ...

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Portable Power Portable generators provide power to tools and appliances when you need supplemental electricity and not connected to the power grid. They run on gasoline, diesel, or propane and typically include two electrical outlets. Because their combustion engines emit fumes, portable ...

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