Northern NJ Housing Market Update: Low 6% Rates + 12% More Homes – North Jersey Real Estate Insights by The DeSilva Team,Eric DeSilva

Northern NJ Housing Market Update: Low 6% Rates + 12% More Homes – North Jersey Real Estate Insights by The DeSilva Team

What’s Happening in the Northern NJ Housing Market? Mortgage rates have settled into the low 6% range — a level that historically increases buyer demand. At the same time, housing inventory across Northern New Jersey is up 12% compared to last year. A brief winter slowdown has created a small window
Why So Many Homeowners Are Downsizing Right Now – North Jersey Real Estate Insights by The DeSilva Team,Eric DeSilva

Why So Many Homeowners Are Downsizing Right Now – North Jersey Real Estate Insights by The DeSilva Team

For a growing number of homeowners, retirement isn’t some distant idea anymore. It’s starting to feel very real. According to Realtor.com and the Census, nearly 12,000 people will turn 65 every day for the next two years. And the latest data shows as many as 15% of those older Americans are planning
Home Insurance Costs Are Rising: What Buyers Should Plan For – North Jersey Real Estate Insights by The DeSilva Team,Eric DeSilva

Home Insurance Costs Are Rising: What Buyers Should Plan For – North Jersey Real Estate Insights by The DeSilva Team

Buying a home is one of the biggest purchases you’ll ever make. And homeowner’s insurance is what protects that investment. Think of it as your safety net. NerdWallet explains it: Covers Repairs and Rebuilding Costs: If your home is damaged by fire, storms, or other covered events, it helps pay for
It’s Getting More Affordable To Buy a Home – North Jersey Real Estate Insights by The DeSilva Team,Eric DeSilva

It’s Getting More Affordable To Buy a Home – North Jersey Real Estate Insights by The DeSilva Team

There’s finally a little good news for anyone who’s been priced out or sitting on the sidelines. Buying a home is getting more affordable. Monthly payments have started to come down, and the squeeze buyers have been feeling for the past few years is slowly loosening. Now, that doesn’t mean everyone
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