buyahome
House For Sale in Pittsgrove, New Jersey
This 3 bed 1 bath ranch home is situated on 3 acres of land in desirable Pittsgrove Township New Jersey. Everything on one floor for easy living. This home offers a living room with a barn slider that opens up to a large family room with vaulted ceilings and so much natural light . The floor plan provides a layout that’s flows seamlessly and is comfortable for everyday living. Spacious kitchen opens up to the dining area that offers plenty of room for family meals or entertaining. Dining room offers sliders to the back screen porch where you can enjoy sitting and overlooking the serene nature. The owner has updated the flooring and hot water heater.
Enjoy grilling with the family out on the large deck or walking the land, this home has so much to offer. Current owner has lots chickens and sheep. Full basement with inside entrance, provides extra space for storage, hobbies and the laundry area. Home includes plenty of parking, beautiful outdoor space, and chicken coups that can be left for the next family. Give us a call to make this home yours today.
Stacy Schnell
D: 856-364-0772
Salesperson Collini Real Estate
3 Bed, 2 Bath Ranch Home
Very well kept 3 Bed, 2 Bath manufactured home located desirable Berryman’s Branch in Vineland, NJ, New Jersey. Located just about 50 minutes from the Jersey shore and about the same to get to Philadelphia. Easy access to New York.
The large and bright kitchen is loaded with cabinets for storage and the seller is offering all appliances to be included in the sale. Separate dining area for family meals. Nice size family room for relaxing. Plus a large addition that can be used for whatever your family needs.
Laundry and hallway offer extra closet space. Master suite is huge and has 2 closets, one being a nice size walk in. Plus a full bath with soaking tub, a shower and dual vanities. Very tastefully done, this space is perfect to relax and unwind.
This community is just minutes from major shopping and makes the location great.
A friendly community, this park also offers a clubhouse, a community center with kitchen, a library, a playground, a pool and an RV and boat storage area. Lot rent includes taxes, water, sewer and trash.
Nothing to do here but move right in. This home wont last. Call today to schedule a tour. Seller says make an offer.
Home for sale Pittsgrove, New Jersey
Home offers a spacious screen porch for enjoying the serene nature that surround the property. This home has been very well kept and includes the appliances, making it move in ready.
Come join us
Custom built ranch home
Call Stacy for your private tour today!
Realtor D: 856-364-0772
Introducing this beautiful new ranch home on the last buildable lot in this sought after East Vineland neighborhood. Situated on approx. an acre of land, this luxurious home will boast of OVER 2000 SQ FT of open concept living upstairs and an additional 2,000 SQ FT downstairs! Breathtaking home features 3 bedrooms & 3.5 baths and is loaded with contemporary luxury features and custom finishes throughout. Built on a gorgeous wooded lot that backs up to preserved land, Menanico Presersevation Trail. Five large windows were added across the back plus a deck for the new owner(s) to enjoy the serene views. The large & open kitchen is a chefs dream and features vaulted ceilings, granite counter tops, upgraded appliances, a large pantry, plenty of counter space, and tall cabinets plus a huge center island! The island is the perfect spot for casual dining or entertaining and will include the sink, dishwasher, extra storage & 6 available seats. Kitchen is tastefully finished with a breakfast nook area and opens up to the great room. There you’ll find a custom tiled fireplace, french doors with cathedral ceilings and modern black fixtures . The main bedroom features walk in closet, an additional closet plus the owner’s bath has a fully tiled shower and a double vanity sink. Laundry is located on the first floor for added convenience. 2 car garage features high sealings and plenty of room for extra storage, plus a paved driveway for more parking. French doors lead into the lower level living area from outside. Basement is fully finished and was built with superior walls & trusses for a more open concept, this way you can divide it and make the space work for your families needs. This awesome 35 by 70 ft space was built with a full bathroom and 2 egress windows so you can add 2 additional bedrooms and use the other half for a home gym or entertaining, the possibilities are endless! Inside and outside access. Septic upgraded to handle 5 bed home. Double French doors allow access to your backyard oasis from the lower level. Sod and sprinklers will be from back of home to edge of street across the entire property. Rear of property will be hydro-seeded. This beautiful home is a must see. Call today for your private tour. Seal the deal and begin the journey to your dream home!
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The odds of a home price decline hitting your local housing market, as told by one interactive chart
April 27, 2022 5:15 AM EDT
Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents.
Historically speaking, that inflation fighting playbook is particularly hard-felt in the housing market, where spiking mortgage rates can quickly price out homebuyers. That’s already starting to happen. On Thursday, the average 30-year fixed mortgage rate hit 5.11%—up from 3.11% in December. A borrower who took out a $500,000 mortgage at a 3.11% rate would owe $2,138 per month. At a 5.11% rate, that monthly payment on a 30-year mortgage spikes to $2,718.
While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home prices are about to crash. In fact, every major real estate firm with a publicly released forecast model, including Fannie Mae and Zillow, still predicts home prices will climb further this year.
That said, industry insiders tell Fortune there’s increasingly a chance that the economic shock caused by soaring mortgage rates could see home values fall in some overpriced housing markets.
To better understand which regional housing markets might see a price decline, Fortune reached out to CoreLogic. The California-based real estate research company provided us with its assessment of close to 400 metropolitan statistical areas.
CoreLogic, which ranks No. 952 on the Fortune 1000, put housing markets into one of five categories based on the likelihood that home prices in that particular market are to fall over the coming 12 months. Here are those groupings:
- Elevated: Over 40% chance of a price dip
- High: 30–40% chance
- Medium: 20–30% chance
- Low: 10–20% chance
- Very Low: 0–10% chance
Among the 392 regional housing markets that CoreLogic measured, it puts 86% into the “very low” or “low” likelihood of a price decline. It put 10% of markets into the “medium” grouping and 1% in the “high” grouping. Meanwhile, CoreLogic places only 2% of markets into the “elevated” group. The markets in the elevated grouping—the highest odds of a price correction—include Hartford; Kalamazoo; Lewiston, Maine; Mount Vernon, Wash.; Muskegon, Mich.; Olympia, Wash.; Salem, Ore.; and Honolulu.
Even in the face of soaring mortgage rates, CoreLogic still thinks the chances of prices declining in 2022 are fairly low.
This excerpt from Fortune.com
Mortgage Rates in New Jersey
Current rates in New Jersey are 4.081% for a 30-year fixed, 3.587% for a 15-year fixed, and 4.017% for a 5/1 adjustable-rate mortgage (ARM).
Mortgage Rates See Biggest One-Week Drop in a Decade. Mortgage rates fell more in the past week than they have in any one-week period in more than a decade. The average 30-year fixed loan has dropped 22 basis points to 4.06%, while 15-year fixed loans are down 14 basis points to 3.57%, according to Freddie Mac.Mar 28, 2019
Compare today’s average mortgage rates in the state of New Jersey. Bankrate aggregates mortgage rates from multiple sources to provide averages for New Jersey.
To Read more CLICK HERE
Mortgage News – First Time Home Buyer
First-Time Homebuyers Get a Break With Lower Mortgage Rates
(TNS)—Economic gurus got one part of the mortgage forecast for 2019 correct. We’re certainly seeing a volatile year for rates.
What they didn’t see coming: Mortgage rates tumbled in March, the biggest one-week fall in a decade. Now—instead of seeing mortgage rates edge closer to 5.25 percent, as some had predicted we’d see in 2019—we’re looking at an average 30-year rate near 4 percent.
The rate drop comes just in time for the spring home-buying season and will make monthly payments less expensive.
“This drop in rates is going to give the housing market a boost,” says Bill Banfield, executive vice president of Capital Markets for Quicken Loans. “It could help to make people come back into the market and consider buying a home.”
Mortgage rates have fallen by a full percentage point since late 2018. Going back four months or so, most forecasts weren’t expecting mortgage rates to drop as low as 4 percent for borrowers, Banfield says.
“This is a surprise to a lot of people,” Banfield says.
The average 30-year rate was 4.1 percent as of late March, the lowest rate since Jan. 2018, according to Bankrate.com data. But rates started to rebound a bit upward in early April. The average 30-year rate went back to 4.29 percent as of April 3, according to Bankrate.com.
By contrast, the average mortgage rate was 5.1 percent as recently as mid-November, which was a seven-year high, according to Bankrate.com. The average was hovering around 4.75 percent as 2018 drew to a close.
We’re talking about some real money here for homebuyers. Take a $200,000 mortgage. The mortgage payment for principal and interest would drop by about $120 a month if your rate is 4.1 percent instead of 5.1 percent on a 30-year mortgage, according to Greg McBride, chief financial analyst for Bankrate.com. For the mortgage alone, the payment would be about $966 month at the 4.1 percent rate. It’s sort of like getting more than one month free each year.
For a homebuyer who was priced out of the market last spring, the lower rates could help get them back in the game.
Being able to lock in a 30-year fixed rate near, or even below, 4 percent helps put some “wind in the sails of home buyers from an affordability standpoint,” McBride says.
The 30-year fixed rate mortgage remains the dominant loan for middle-class borrowers, particularly first-time home buyers.
This excerpt from : RIS Media.com TO READ MORE CLICK HERE
Stacy Schnell Real
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Stacy Schnell – Realtor Associate Cell: 856-364-0772
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