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Welcome to Yard Sale Season PT 1

It’s summer, and with summer comes the yard sale. Here is a checklist to keep handy to make the most of your outdoor market.

Great yard sales depend first upon having great curb appeal.
You can’t sell anything until someone is willing to stop and look around. One of the props that work to get people’s attention is a wooden chest or bureau. Antique-looking mirrors are also show-stoppers. Avoid putting your junk in high visibility areas. Once they stop the car and get out, they can browse the low-ticket items towards the back of the yard.

Have Plenty of Cash

May NJ Realtor Video Update

New Jersey Realtor Video

https://youtu.be/noF-Sjt_KZU

South Jersey Scores Big With Hot New E-tailer

The Hoboken-based Jet.com announced that it signed a deal to rent over 705,000 square feet of space in Salem County, just off of Exit 7 on Interstate 295, giving Jet quick overnight access to the Northeast and mid-Atlantic regions

The new facility built by the Matrix Development Group will be the new distribution center for Jet.com.

“The e-commerce company will occupy one of two speculative warehouses in its Gateway Business Park in Oldmans Township,” as stated in the press release.

Fitch Report Sees 2017 to Match 2016

According to a press release by Fitch Rating Service, "The health of U.S. housing is relatively robust heading into the halfway mark of the year … with 2017 shaping up to be a mirror image of 2016 for homebuilders.”

The report does mention that there are “some proverbial minor cracks in the foundation that have surfaced."

New Jersey Real Estate for May

“We are in the thick of an exciting period of home buying and selling, often with quick multiple offers that are near, at or even above asking price, depending on the factors of the home and submarket in question. It was widely predicted that we would see healthy sales activity during the second quarter of 2016, and the market has not disappointed.” New Jersey Realtors®

• Single Family Closed Sales were up 16.3 percent to 6,190.
• Townhouse-Condo Closed Sales were up 10.0 percent to 2,011.
• Adult Communities Closed Sales were up 11.9 percent to 610.

Millennial View 26 is the New 18

Eighteen has been an age when a teenager can vote, go to war and sign a contract.

Yet, in the case of the Millennial Generation, industries such as construction and real estate see 26 as traditionally the threshold when young adults begin to form families and buy homes.

Citing the report from the National Association of Home Builders released earlier this year, they have found, to their dismay, that such formation hasn’t taken form.

The Millennial Generation benchmark year begins with 1990, which is, according to this report, “the largest birth cohort of their generation.”

CoreLogic Reports Foreclosure Inventory Fell 24 Percent From 2015

According to a Housing Wire article, "Completed foreclosures averaged 37,000 nationally, down from 43,000 in April 2015. This is down 68.9% from its peak of 117,813 in September 2010."

CoreLogic's April National Foreclosure Report cited that foreclosure inventory continued to decline, decreasing 23.4% annually in April, while completed foreclosures declined by 15.8% annually.

Another significant metric is the number of homeowners who have negative equity has fallen by two-thirds since its 2010 peak.

Other Facts and Stats

Turning Empty Buildings into Senior Homes

Many denominational churches throughout the New York Metropolitan area happen to be very large property owners. Trinity Church in Manhattan owns more real estate than anyone. And in New Jersey, the Catholic Church is the second-largest landowner. With that much property, the function and use is very important.

Housing Stays Hot This Summer - Part 2

According to U.S. News & World Report, the already hot real estate markets across the U.S. will remain on the fast-track for the foreseeable future. With inventory at near record low levels, some homes are selling within hours. So instead of fretting about the state of the market, homebuyers are instructed to be ready to move quickly on a property.

Here is a short checklist that will keep you in the running for your dream home:

Fifth: Be Buyer Ready

How to Buy in a Hot Market Part 1

According to U.S. News & World Report, the already hot real estate markets across the U.S. will remain on the fast-track for the foreseeable future. With inventory at near record low levels, some homes are selling within hours. So instead of fretting about the state of the market, homebuyers are instructed to be ready to move quickly on a property.

Here is a short checklist that will keep you in the running for your dream home:

First: Set up a Property Alert on Your Smart Phone