31
May 19

Our Latest Ad In The Nutley Journal

Our Latest Ad In The Nutley Journal

June-19


31
May 19

The Top Reasons to Own Your Home [INFOGRAPHIC]

The Top Reasons to Own Your Home [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • June is National Homeownership Month!
  • Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.
  • What reasons do you have to own your own home?

Powered by WPeMatico


31
May 19

7 Stunning Mid Century Modern Dressers Under $800


Mid-Century Walnut Dresser or Credenza – $650 – Mid-Century Modern double dresser in walnut with six deep drawers. Features figural walnut grain, carved pulls and tapered legs.
READ MORE…

Powered by WPeMatico


31
May 19

IKEA’s Latest Collection Is Adorably Weird

READ MORE…

Powered by WPeMatico


31
May 19

7 Artsy Decor Finds That Double As Storage Pieces


The only thing better than a good-looking piece of art is one that offers a storage solution. To prove our point, we rounded up a few super stylish yet innovative objets d’art that also offer up some storage opportunity.
READ MORE…

Powered by WPeMatico


31
May 19

Amazon Is Selling A Ready-To-Go Sauna For $1,000


In the world of relaxation and fundamental fun-having, there might only be two types of people: those who like saunas (and they usually like hot tubs, too) and those who don’t.
READ MORE…

Powered by WPeMatico


31
May 19

We Found Adorable Wicker Sconces That Won’t Break the Bank


Embrace the rattan trend.
READ MORE…

Powered by WPeMatico


31
May 19

The Ultimate Truth about Housing Affordability

The Ultimate Truth about Housing Affordability | Simplifying The Market

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index…

“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.”

Their methodology states:

“To interpret the indices, a value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20 percent down payment.”

So, the higher the index, the more affordable it is to purchase a home. Here is a graph of the index going back to 1990:

The Ultimate Truth about Housing Affordability | Simplifying The Market

It is true that the index is lower today than any year from 2009 to 2017. However, we must realize the main reason homes were more affordable. That period of time immediately followed a housing crash and there were large numbers of distressed properties (foreclosures and short sales). Those properties were sold at large discounts.

Today, the index is higher than any year from 1990 to 2008. Based on historic home affordability data, that means homes are more affordable right now than any other time besides the time following the housing crisis.

With mortgage rates remaining low and wages finally increasing, we can see that it is MORE AFFORDABLE to purchase a home today than it was last year!

Bottom Line

With wages increasing, price appreciation moderating, and mortgage rates remaining near all-time lows, purchasing a home is a great move based on historic affordability numbers.

Powered by WPeMatico


30
May 19

Blanket Ladders are Equal Parts Stylish and Functional, and We Can’t Get Enough


To be entirely honest, many of the home accessories I normally love don’t have a real purpose other than, well, to look cute (which, in my opinion, is entirely ok).
READ MORE…

Powered by WPeMatico


30
May 19

A Fashion Designer’s Fort Greene Apartment Is Chic and Parisian-Inspired


Danielle Ribner is the founder of Loup, a Parisian-inspired women’s wear collection collection that focuses on well-made wardrobe staples. She lives in this minimal, bright apartment in Brooklyn’s Fort Greene rental apartment.
READ MORE…

Powered by WPeMatico