Iris Lurie's blog

Will Smart-Home Technology Become the New Normal Within a Few Years?

When making decisions about upgrades and improvements to your home, you would be smart to learn as much as you can about all the new 'smart-home' products related to your improvement projects.

It is estimated that approximately 25% of homeowners currently own at least one smart-home product, such as connected lighting and thermostats, remote-access security, and smart home locks, and they are able to control them using a mobile device. In various surveys conducted recently, nearly half of the millennial generation (ages 18 to 34) say they plan to adopt smart-home technology, and those who currently use any of the smart-home features say they would be more likely to buy a home if these products were already installed.

Getting a Home Loan -- What You Should Ask A Mortgage Lender

When you meet with a mortgage lender, here are 6 questions you should ask to ensure that you understand the process and your options.

1. What mortgage types do you offer?

Different mortgage lenders offer different types of mortgages. Each type of loan may have different down payment requirements, interest rates, and lengths of loans.  Common mortgage types include the following:

Ocean County NJ Real Estate Market Update

The real estate market in Ocean County NJ is moving forward at a good pace with more new listings coming on the market, and median sales prices and closed sales on the rise.

Let's look at little closer at how the first six months of 2015 compares with the same period last year in three residential real estate categories:  single family detached homes, townhomes/condos, and adult community homes.

CENTURY 21 Ranks Highest in Customer Satisfaction across ALL Home Buyer/Seller Segments for a Second Consecutive Year!

In J.D. Power's 2015 Home Buyer/Seller Satisfaction Study, Century 21 took home the gold across four categories of consumers!

The study, now in its eighth year, measures satisfaction with the nation’s largest real estate companies among customers in four segments: first-time buyers, repeat buyers, first-time sellers and repeat sellers.

The study examines four factors of the home-buying experience: the agent, the office, the closing process, and additional services. In the home-selling experience, the same four factors are evaluated, but marketing is added to the mix.

Monmouth County Market Update - June 2015

Let's take a look at the real estate market in Monmouth County for the first half of 2015 compared to the same period last year for our three single-family home categories; detached, attached, and adult communities.  Homes in all categories are selling quickly . . . an average of 83 days for single-family detached, 78 days for single-family attached, and 64 days for homes in adult communities.

Single Family Detached Homes

  • New listings are up by 6.4%, and there is curently an 8.8 months supply of homes on the market.
  • Closed sales up 6.3%, with 2,308 closings for the first half of 2015.
  • The median sales price is nearly unchanged at $390,000.