Friday, March 4, 2022
Toms River Listings Update 3 4 22
Wednesday, December 2, 2020
Resort Towns Are Becoming Permanent Destinations
Homebuyers Fleeing Big Cities During the Pandemic
The Jersey Shore, Bend, OR, Cape Cod and other vacation destinations are heating up as the coronavirus drives New Yorkers and San Franciscans to greener pastures.
Popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, OR are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely as people leave New York and San Francisco during the coronavirus pandemic.
The Jersey Shore, a popular summer getaway for East Coasters, has also become a hotspot for families looking to escape big-city life during the pandemic. Three of the four New Jersey counties that ranked in the top 10—Ocean County, Monmouth County and Cape May County—are on the Jersey Shore.
“I’ve never seen so many New York license plates at open houses in Monmouth County,” said a local real estate agent. “City folks are coming to New Jersey with New York salaries, and they can get quite a deal here even though competition is fierce. One of my buyers recently lost out on a house because another bidder paid $75,000 over the asking price. Who does that? New Yorkers.”
There are a lot of homebuyers coming to the Jersey Shore from Brooklyn, specifically.
“Where in Brooklyn can you find anything for $500,000? Nowhere,” Gonzalez said. “New York folks are coming to Jersey for a year or two, buying a house on the water and working from home at the Jersey Shore.”
My note:
Ocean and Monmouth counties are facing a shortage of available housing for sale and have inflated prices over 20% and days on market average 28, which is over a 50% drop from one year ago. 35% of homes sold for over list price, making this one of the hottest sellers market in more than a decade.
Sunday, October 11, 2020
Halloween Isn't Canceled !
Halloween Isn't Canceled! Here's How To Celebrate the Holiday Without Getting—or Spreading—COVID-19
In a year full of canceled vacations, socially distant celebrations, and postponed events, we’re all desperate to hold on to any festivity and sense of normalcy we can get our hands on—including Halloween.
The tradition of going door to door for candy or inching your way through a haunted house is a sketchy proposition in a pandemic world. But if the idea of sacrificing Halloween altogether this year is just too spooky to endure, we talked with health experts about ways you can celebrate while keeping a safe distance from others and minimizing the risk of COVID-19 transmission. We're here to save Halloween, folks!
Reimagine Halloween festivities for the social distancing era
It’s hard to imagine hordes of kids walking door to door and asking for candy these days.
But just because you can’t do Halloween the same way this year doesn’t mean you have to forgo your favorite activities. Take haunted houses, for example: An indoor haunted house would be a real nightmare during a pandemic. But with a little creativity, you can still enjoy the experience.
And let’s face it: Halloween wouldn’t be the same without candy. But trick-or-treating is tough to pull off without making contact with the neighbors. One solution? Give your Halloween candy the Easter egg treatment.“I’ve heard of groups putting together drive-through haunted house experiences, which seems like a fun but safe way to get into the Halloween spirit,” says Dr.Jean Moorjani, a pediatrician at Orlando Health Arnold Palmer Hospital for Children.
“You may choose to skip trick-or-treating completely and do a scavenger hunt with your children to find Halloween-themed items as they walk through the neighborhood looking at the decorations from a distance,” says Dr. Kavita Shanker-Patel, a family medicine physician at Northwestern Medicine Central DuPage Hospital. “A socially distanced Halloween costume parade is also another fun way to help kids enjoy the holiday.”
Get creative about doling out candy
Trick-or-treating inherently comes with some risk of spreading the virus; any activity where social distancing is hard to maintain presents a moderate risk, Shanker-Patel says.
If your neighborhood is intent on keeping the trick-or-treat spirit alive this year, you’ll need to rethink the traditional method of handing out candy from your doorstep.
You might be tempted to leave a bowl of candy in front of the house so kids can help themselves, but this isn’t a good idea either—it just creates a free-for-all for germs to spread.
“I don't recommend leaving candy in a bowl where many hands will come into contact with it,” Moorjani says. “I've heard of people creating ‘candy chutes’ where they slide treats to trick-or-treaters in a contactless, but fun way.”
Another candy bowl alternative is to spread out pieces of candy on a table (or in individually wrapped goodie bags), Shanker-Patel says. “As the children walk by, they can pick them up on their own.”
No matter how you dole out the sweet stuff, it’s important for all treats to be individually wrapped or sealed. Don’t forget to thoroughly wash or sanitize your hands before handling treats.
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If you go trick-or-treating, plan your route
As you traverse the neighborhood, avoid gathering in large groups or making contact with anyone outside of your household. You may need to zigzag across the street more often than usual, or set up parameters in your neighborhood to limit trick-or-treating routes. For example, if you have an even-numbered address, maybe you trick-or-treat only on the even side of the street.
Homeowners can also do their part by clearly marking what a safe distance looks like.
“It may be helpful to draw markings along the sidewalk and driveway indicating 6-feet distance,” Shanker-Patel says.
And don’t leave home without this year’s hottest Halloween accessories: a bottle of hand sanitizer and a mask that covers your mouth and nose.
Mask up (costume masks don't count)
Speaking of masks, you can’t rely on a mask that’s part of your costume to do the job of keeping you and others safe.
“A Halloween costume mask does not suffice, unless it is made of two or more layers of breathable fabric that covers the mouth and nose and doesn't leave gaps around the face,” Shanker-Patel says.
Encourage proper hygiene before kids chow down
Resist the temptation to start snacking on your candy before you get home. This year, you’ll want to be extra careful before diving into your hard-earned loot.
“Right now, we don't have any research or data that would suggest that kids need to wait a certain amount of time before eating candy,” Moorjani says, but “we still encourage proper hand hygiene for everyone before consuming Halloween candy and treats. And just like any year, don't let your children consume candy that is not properly wrapped or sealed.”
Embrace new traditions
Sure, it’s going to be a little different from last year, but that doesn’t mean Halloween is canceled.
“Families have the opportunity to create new Halloween traditions,” Moorjani says. “Kids can still dress up in costumes at home, they can watch family Halloween movies together, and they can create Halloween-themed treats or arts and crafts.”
And remember: Outdoor activities like hayrides and pumpkin patches might still be open in your area, but that doesn’t mean they’re 100% safe.
“As always, limiting exposure to others is the most effective way of containing the spread of this disease, so if you don't have to do these things, then we recommend you don't,” Shanker-Patel says.
Wednesday, September 30, 2020
Home Builder Confidence Hits All-Time Record
Building or Rebuilding May Be An Option to the Residential Housing Shortage
— by Janki Patel
HOME BUILDER CONFIDENCE HITS ALL-TIME RECORD
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of prospective buyers of new homes.
As the following chart shows, confidence dropped dramatically when stay-in-place orders were originally mandated earlier this year. Since then, it has soared back.
Looking at the three-month moving averages for HMI scores, confidence increased in every region of the country:
- The Northeast increased 11 points to 76
- The Midwest jumped 9 points to 72
- The South rose 8 points to 79
- The West increased 7 points to 85
CONFIDENCE IS VALIDATED BY THE NUMBERS
This confidence is definitely warranted. According to a recent NAHB report, single-family housing starts increased 4.1% to a 1.02 million annual rate, and single-family permits increased 6% to a 1.04 million unit rate, meaning newly constructed homes are on the rise.
A separate report from the Mortgage Bankers Association (MBA) shows mortgage applications for new home purchases increased by 33.3% compared to a year ago. Joel Kan, Associate Vice President of Economic and Industry Forecasting at MBA, commented on the numbers:
“The housing market continued to exceed expectations in August, as housing demand for new homes stayed strong and the job market continued to recover…The new home market has maintained its path of recovery throughout the summer, and record-low mortgage rates and households seeking more space will likely continue to drive demand into the fall.”
BOTTOM LINE
If you’re thinking about putting your house on the market but are afraid you may not find a home to buy, let’s connect to discuss new construction opportunities in our area.
Thursday, September 10, 2020
Home value: Perception v. Reality
Perception vs Reality
This person Thought that the property had a value of about 1.1 million dollars but it actually sold for $850,000. his complaint was that he felt that he had actually lost money that he should have made $250,000 more on a sale of that property
The reality is once we discussed his concern a little bit further as to what the demographics of the area were at the time and the market conditions for that area, it only made sense that the property would not sell for what he initially wanted for it.
He was in a changing demographic that Incorporated certain superstitions and religious qualifications that had to be met by the property. it was obvious that had he been able to overcome certain superstitions that were attached to his property (which he couldn’t) he may have gotten close to what he wanted. He was selling to a community or demographic, for example, that if you were within a certain distance of a cemetery or certain numbers were in the address of the house, it was condemned to bed Karma. therefore making the house undesirable and lowering valuation
- Placing your property in the MLS Against other homes competing in your market.
- Is your house market-ready?
- Buying your next house I'm closing on the same day as your house sells.
- home sale contingencies when selling or buying.
- What are some of the costs when selling your home?
- Key points about Realtor contracts
- Do I need a lawyer or can I just do a title closing?
- How do I deal with home inspection issues