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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With 2020 finally behind us and greater hope for the coming year, we can't help but wonder what lies ahead in 2021, and what the state of the real estate market will be. Like time itself, the real estate markets stops for no one. Markets like New Jersey (especially the Shore) are particularly in demand, as people still seek to escape the big city and shelter in place in the suburbs where they can be comfortable with their family, work from home, and have the benefit of the ocean close by! 

Yes the market is moving and homes are in demand, but there also remains great uncertainty,  so a practical approach is best if you're looking to sell and move on. Working with market experts like those at the Arthur Rue Agency gives you the best chance to succeed…

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Check out the website below for more information on the alignment of Jupiter and Saturn this December for the first time in 800 years! 

-> Read here for more information! <-


Source- https://www.tennessean.com/story/news/local/2020/12/03/great-conjunction-christmas-star-jupiter-saturn-align-winter-solstice/3807065001/

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As we enter the last month of the year, you may be wondering what state the housing market is in and where it's headed. The answer is simple: look to the economic principle of supply and demand.

Housing inventory is low, which means prices are trending upwards. A scarce supply equals higher demand, which drives up sale prices. Consumers are willing to pay more for what they want- and considering interest rates are currently at an all-time low, they want to buy as soon as possible. This lack of inventory and desire to buy now is also leading home seekers to engage in bidding wars, which is another factor driving up price points. 

As a result of the present-day market landscape, experts from Zillow, Zelman, NAR, Freddie Mac, and others project that…

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Though summer has come to a close and the holidays are right around the corner, the luxury housing market is holding steady in vacation destinations like Palm Beach, Aspen, the Hamptons, and coastal New Jersey. According to Redfin, luxury home sales jumped 41.5% in the third quarter of 2020, marking the largest year-over-year shift since 2013. 

Why the boom? Buyers are thinking about where they see themselves in the new year- even projecting as far ahead as summer 2021. Where would they like to purchase their next vacation home to spend time in after the winter season? Prospective buyers are also searching for things they didn't know they wanted in a home before the current health climate, including more square footage, outdoor amenities like pools and…

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If you're thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 

Buyers are Actively in the Market 

ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That's a huge increase. 

It's clear that buyers are ready, willing, and able to purchase- and they're in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms. 

There…

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Set the Mood with Autumn Scents

Play up the holiday aspects of the season with autumn scents. At showings, set out homemade pumpkin rolls, serve hot apple cider, or place a tray of cinnamon sticks on the countertop. 

Use Fall Colors to Your Advantage 

Decor including pillows, throw blankets, candles, and wreaths in bold fall accent colors will help buyers envision themselves in your home for future holidays. 

Create Seasonal Curb Appeal 

A buyer's first impression is crucial, so your front yard should already look impeccable if you're thinking of selling. But while you're at it, add seasonal touches like potted fall flowers (think marigolds and chrysanthemums) as well as pumpkins and other types of squash for an infusion of holiday…

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