The 4 housing market myths hurting buyers and sellers - New York …

Aug 1, 2024 · With sellers and buyers at an impasse, misconceptions and outright myths are popping up on both sides about the state of the market on social channels and forums

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North Bergen Housing Market Report - RocketHomes

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Summary: The North Bergen housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes …

rockethomes.com

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NJ Real Estate: Starter Homes Hard To Afford In Market - Bergen …

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Sep 13, 2021 · A $350,000 home in livable shape, if such a home could be found, would cost around $2,100 a month in mortgage payments and property taxes. What about affordable …

northjersey.com

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Is The American Dream Of Homeownership Still Within Reach?

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Dec 17, 2024 · The Federal Reserve in August 2024 began reducing the short-term Fed funds rate, with the latest cut putting that in the 4.5% to 4.75% range, but the 30-year mortgage rate …

upenn.edu

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Bergen County Housing Market Report New Jersey - Rocket Homes

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Summary: Bergen County housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 17.4%, 2 bedroom homes …

rockethomes.com

FAQs about The 4 housing market myths hurting buyers and sellers - New York … Coupon?

Why is demand so low in the US housing market?

Demand in the U.S. housing market has hit a three-decade low as most homeowners face multiple financial disincentives for moving, including elevated rates and home prices. ...

Is buying or selling a home a bad idea?

Buying or selling a home is one of the biggest financial decisions you’ll make in your life, which makes misinformation or bad advice all the more dangerous. But never fear—we’re here to set the record straight. Here are the most common real estate myths we hear on the job, debunked. ...

What are the most common real estate myths?

But never fear—we’re here to set the record straight. Here are the most common real estate myths we hear on the job, debunked. Myth #1: Selling your home FSBO (for sale by owner) will save you money. We’re starting right out of the gate with one of the biggest myths we see. ...

Are you receiving incorrect home buying advice?

Beware, dear homebuyer of the future: You could be heeding bad (albeit well-intentioned) advice without even knowing it. So we’re here to bust the most common misconceptions about home buying so you can do this thing the right way. Because this is what we do. ...

What happens if you don't accept a home offer?

If the offer isn’t accepted, there’s no home to negotiate for. Instead, work with your agent to make a competitive offer based on factors like your budget, the asking price, the home’s condition, the current market situation, and so on. Myth #9: If you renovate your home before selling, you will get a dollar-for-dollar return on your investment. ...

Do real estate myths cost you money?

The danger with believing everything you hear or read is real estate myths can cost you money when it's time to buy or sell a home. Here are nine of the most common ones that can trip up buyers and sellers: Set your home price higher than what you expect to get. Listing your home at too high a price may actually net you a lower price. ...