Though things are looking up for the housing inventory, which is projected to increase after hitting record lows in the first half of 2021, it is likely going to remain a seller's market for a while. In light of this knowledge, what can you do to give yourself the best chance at securing the home of your dreams this summer? Read on to see our top tips for becoming a competitive buyer. 

1. Take the Time to Get Pre-Approved 

Entering an offer situation that could end up in a bidding war without pre-approval often means the difference between nabbing your dream home or losing out. Getting fully qualified beforehand makes a seller more confident in your offer and increases your odds of acceptance. 

2. Consider a Fixer-Upper 

Many home buyers are…

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By now it's a matter of record that historically low-interest rates, a lack of inventory, and record home sale prices dominated the market in the first half of 2021, but what trends do experts predict will arise in the latter half of the year? Read to find out. 

1. Rising Mortgage Rates 

Many economists project that rates will rise from their historic lows - but not by much. Freddie Mac estimates that for a 30-year fixed mortgage, interest rates will average 3.4% in the fourth quarter of 2021. 


2. Continued Home Appreciation 

J.P. Morgan's senior markets economist Joe Seydl and others believe home prices will continue to rise through the end of the year, but price growth will likely slow. For this reason, Seydl urges buyers to purchase a…

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Head outside after dark on Wednesday, July 28 to see the Delta Aquariid Meteor Shower! Though the meteor shower starts around July 12 and lasts until the end of August, you're likely to get the best view on July 28 - the day the shower peaks! 

MAKE A WISH!

Here is everything you need to know about the meteor shower - earthsky.org 

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In one of the most competitive real estate markets in recent history with the inventory at an all-time low, it's crucial as a buyer to be as competitive as you possibly can from the outset. The most surefire way to increase your chances of success? Get pre-approved for a home loan. Mortgage preapproval means a lender has reviewed your finances, determined how much you're qualified to borrow, and conditionally committed to actually granting you a mortgage - and here's why it's so important. 

First, pre-approval is the only true way to know your price range. If you are looking at houses outside of this range, you will lose out to bidders who can afford a higher offer. 

Next, with extremely limited housing inventory, buyer competition is at a…

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If you are a frequent viewer on ArthurRue.com then you are seeing our BRAND NEW WEBSITE and hope you appreciate our upgrades! For our first-time guests, welcome! We hope you enjoy all of the user-friendly features our state-of-the-art website offers and the ease with which you locate your perfect beach vacation rental or home to purchase! 2020 proved to be a challenging year. With the start of 2020, the uncertainty of future vacations was a harsh reality. But the human need for rejuvenation and togetherness ultimately rose to the challenge, with ArthurRue.com seeing over 300 thousand visitors. Vacation homes and condos provide a safe alternative to busy resorts, allow for social distancing, and reconnecting to what matters most: family. We even have…

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A recent joint study from the National Association of REALTORS and Google found that 90% of home buyers searched online during their hunt for the perfect home. Now more than ever, prospective buyers are turning to the internet to begin their journey to homeownership. This is why as a home buyer, it's imperative to use the most comprehensive website that shows you every available home for sale or lease while keeping your personal information safe. Compared to other sites, ArthurRue.com is the clear winner on this front- keep reading to dive into why. 

ArthurRue.com Displays ALL MLS Listing 

Some brokerage websites refuse to display all current listings because they want agents to pay to list on their platforms- not so with ArthueRue.com. We list…

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Stay Safe and Save Money by Eating In at Arthur Rue Agency's Vacation Rentals 

Planning to Coastal Distance in one of Arthur Rue Agency's Vacation summer rentals? Read our blog for the inside scoop on ways to plan ahead for grocery delivery and pickup. Arthur Rue Agency is proud to offer safe and affordable vacation options with enhanced cleaning measures in response to Covid-19. If you've been stuck inside like the rest of us, and just need a change of scenery, why not book a worry-free vacation rental with Arthur Rue Agency? Our rentals feature kitchens that are well stocked with essential cooking equipment, so you may coastal distance by cooking at your home or condo. And, as an added bonus, you'll save money. 

Groceries Ahead and Other…

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It's spring already, but it's never too early to be thinking about summertime and sunshine! With 2020 behind us, we are setting our sights forward and never looking back. Last year was certainly one for records, and in more ways than one. Seaside Park saw unprecedented numbers in regards to visitors, vacation rentals, and real estate sales. We are anticipating much of the same in 2021. What does that mean for you? 

Booking early is so important! Here are some reasons why you should book your 2021 vacation rental as soon as possible: 

SECURE YOUR SPOT 

The aforementioned numbers are very exciting! More and more folks are discovering the beauty of Seaside Park. Vacation rentals are going quickly, there are many weeks where rental companies were at…

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The average mortgage rate for a 30-year fixed loan has jumped to 3.02% after three weeks of numbers holding steady. According to Freddie Mac, this marks the first time since July 2020 that interest rates have passed 3%. 

What does this mean for you? Primarily, if you are considering buying a home, it may be in your best interest to get the process going sooner rather than later to lock in the lowest rates possible. Due to the most recent stimulus package, spending has increased. Sam Khater, the chief economist for Freddie Mac, says this is creating supply chain shortages that are causing downstream inflation, leading to higher mortgage rates. 

However, Freddie Mac thinks interest rates will still remain low for the rest of the year. They…

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