30
Nov 18

Just Listed in Essex Park in Belleville New Jersey

I Just Listed This Grandville Unit At Essex Park in Belleville New Jersey, Great for NYC Commuters Call or Text me at

Essex Park in Belleville NJ


30
Nov 18

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

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30
Nov 18

The 7 Best Apps For Planning a Room Layout & Design

What a time to be planning room layouts! Lucky for us, we now have access to a treasure trove of user-friendly apps to help us create floor plans and virtually design our rooms—taking a lot of the guesswork out of everything from gauging the right-sized furniture for our space, to assessing how a paint color will look, to putting entire rooms together in virtual reality before we take the plunge IRL.

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30
Nov 18

This Home Is Cool New York Loft Meets Chic London Flat — House Tour

Name: Laura Burkitt and Ben Sarner
Location: Queen’s Park, London
Size: 1,229 square feet
Years Lived In: 18 months, owned

Laura Burkitt, a lifestyle and event stylist, bought this two-bedroom flat in Queens Park, London with her boyfriend a year and a half ago. “We bought the apartment as we wanted a garden flat, and decided to do an extension and renovation to make more of the space.” Laura left the magazine world to go freelance 18 months ago, so this was a perfect job for her to focus on at the time.

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30
Nov 18

9 Signs You're Ready to Stop Renting and Buy Your First Place

Do you dream of a future with a yard and a white picket fence? One where you’re not writing away 30 percent of your salary to your landlord every month? Being able to buy a home is a big part of what we’re sold as “The American Dream,” but it’s not for everyone.

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30
Nov 18

The Unexpected Things That Come with Higher Interest Rates

Will they or won’t they? Several times this year, the Federal Reserve System raised the benchmark interest rate and seemed gung-ho to do it again by the end of the year. If you’re about to get a new mortgage, these interest rate hikes will directly affect you, meaning you’ll pay more over time for that new house. And if you’re not in the market for a new mortgage, federal interest rate hikes will still hit you, albeit indirectly.

“High interest rates aren’t good for consumers,” says Josh Bivens, director of research at the Economic Policy Institute (EPI) in Washington, D.C. “The idea is to slow consumer spending because the Fed thinks the economy is running too fast and will overheat. But not only does price inflation slow down, but so does wage inflation—the purchase power of your salary.”

Less money to spend isn’t fun—but are there any unexpected silver linings that come from higher interest rates? I asked economics experts for their takes. The bottom line? You might benefit if you’re a money saver (or want to be), have extra cash to purchase high ticket items, or interestingly, are an apartment developer.

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30
Nov 18

This $20 Amazon Buy Makes the Holidays Less of a Hassle

With the countdown to the most anticipated holiday officially underway, one needs to be as efficient as possible in order to avoid any decorative mishaps. In years past, it may have been totally acceptable to decorate the old-fashioned way, à la “A Christmas Story’s” Old Man Parker, who infamously disregarded fire safety precautions while lighting the family tree. But anyone who prefers the scent of a Douglas fir to the burning odor of an electrical fire should consider adding this $20 smart power strip to your Amazon shopping carts.

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29
Nov 18

Further Proof It’s NOT 2008 All Over Again

Further Proof It’s NOT 2008 All Over Again | Simplifying The Market

Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.

However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.

The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes.

Existing homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home) so they walked away which caused prices to fall even further. When this happened, even more homeowners found themselves in negative equity situations which caused them to walk away as well, and so a vicious cycle formed.

Today, the equity situation is totally different. According to a new report from ATTOM Data Solutions more than 1-in-4 homes with a mortgage have at least 50% equity. The report explains:

“…nearly 14.5 million U.S. properties were equity rich — where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value…The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage.”

In addition, according to the U.S. Census Bureau, 30.3% of homes in the country have no mortgage on them.

Further Proof It’s NOT 2008 All Over Again | Simplifying The Market

Almost 50% of all homes have at least 50% equity.

If we take both numbers, the 30.3% of all homes without a mortgage and the 17.9% with at least 50% equity (25.7% of the 69.3% of homes with a mortgage), we realize that 48.2% of all homes in the country have at least 50% equity.

Bottom Line

Unlike 2008, almost half of the homeowners in the country are sitting on massive amounts of home equity. They will not be walking away from their homes if the housing market begins to soften.

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29
Nov 18

A Textile Designer's Modern Colonial Is Incredibly Cheery — House Tour

Name: Erin Flett and family
Location: Gorham, Maine
Size: 2,400 square feet
Years lived in: 3 years, owned

We found an open lot in the middle of an established neighborhood in Gorham, Maine, and instantly fell in love. It was almost four acres, half-wooded, and half-open and flat. We decided to build a traditional colonial while keeping the details extremely modest, simple, and understated with a ton of white space with clean line finishes from the baseboards to the doors, kitchen cabinets and shelves. I love the simplicity of white on white and using found galvanized vintage industrial lighting, as well as vintage milk glass as much as possible and bringing in pops of color from found vintage art, small pieces of furniture, and my own hand-drawn, hand-silk screened textiles to help bring it together. My favorite two areas in and around our home is my giant yellow barn door I found on Craigslist that we incorporated for my home studio and my recycled granite curbing walls for my perennial garden with recycled Portland, Maine, cobble stone.

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29
Nov 18

The Kid-Sized Dyson Is Adorable—But Should You Really Buy One?

A vacuum might feel like a real dud of a gift as a grownup. But a Dyson vacuum? Apartment Therapy may be biased, but that feels more like a super-fun gadget than a cleaning tool. (Seriously, a few editors own one and swear it takes some of the drudgery out of chores, no #sponcon here.) So when we spotted a Dyson-for-kids over the weekend, that seemed like hitting the jackpot—everything is better when it’s miniature… right? What’s more, the $29.99 tool actually works (and who could blame a few industrious parents for briefly contemplating the upside of outsourcing through play).

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