Julie Lurie-Warren's blog

Manalapan Single Family Home Sales Up 26.7% in First Quarter 2017

It's good to keep up with what's happening in the real estate market in your community, whether or not you are currently in the market to buy or sell.  Residential and commercial real estate activity affects the overall economic health of the community in many ways.

Here are the most significant single-family detached homes statistics for Manalapan Township's housing market, provided by the New Jersey Association of Realtors®, comparing the first quarter of 2017 to the first quarter of 2016:

Congratulations to our Top Producers for April 2017!

Please join us in congratulating the top individuals and teams for the month of April!

Top Listing Agent is Laurin LaLima and Top Listing Team is the Andrea & Harry Mesh Team.  The Top Selling Agent is Alan Katz & the Top Selling Team is the Gloria Bernstein Team.

How Credit Cards and High Debt Ratios Can Keep You From Buying Your Dream Home

We all love to spend money, right?  That’s what it’s for… to spend!  Clothes, cars, etc.  Why work so hard if you can’t enjoy it?  But there’s peril in this if you’re not careful. 

When it comes to buying a home, there are certain factors lenders look at to determine what kind of “risk” you are to them for paying it back.  Two of these factors are effected by your spending habits.  They are called “Debt Ratios”. 

Banks always look at the worst case scenarios when they consider loaning money to someone, so even though you may think every thing is fine, they are thinking about “what if’s” like . . . What if you lose your job . . . What if you get severely ill and can’t work . . . and other morbid and depressing possibilities . . .

What Will Fuel Housing Demand Growth For The Next 10 Years?

A Mortgage Bankers Association study has estimated that between 13.9 and 15.9 million additional households will be formed by 2024, making the next ten years one of the strongest periods of growth in housing in U.S. history.

In their white paper, Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households, the MBA’s researchers conclude that the housing demand surge will be driven by Hispanics, Baby Boomers, and Millennials.  They report that household formation has been depressed recently by unfavorable economic conditions, and that improving employment markets as well as major demographic trends will create strong growth in both owner and rental housing over the next decade.

Best Landscaping Improvements That Will Add Value To Your Property

One of the most important investments you can make is in your home's landscaping. Beautiful landscaping not only adds value to your property, but also makes it stand out to potential buyers by boosting its curb appeal. In fact, good landscaping can raise the value of a house by 28%, and upgrading existing landscaping from good to excellent can reap rewards of 6-7%.

Here are SIX of the most important components to amazing landscaping!