Ocean County, NJ Real Estate News

 Let me know if you have heard this before (Or maybe you thought it yourself?):"I am going to wait to buy a home until prices come down."I was a little scared at the beginning of this market myself since I was both a buyer and a seller a few years ago and had flashes of the bubble pop.  So I went and did some research on my own before diving feet first. Here is some up to date data that helped me sleep at night. (Warning: My economics degree sneaks out occasionally and chewing on data can be fun...)We first have to look at population and birth rates.  Here is a fun chart from FRED:Look at that STEEP drop in births from 1970-1973, Why are we looking back into the 1970s?  Because the average age of a first time buyer at the time of the bubble pop was 33yrs... and all of the sudden there w...
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Real Estate is STILL a good Long term investment.With the latest housing numbers coming out this week for 2023 with Redfin showing price increases of over 6% in 2023, Core logic at 5.5% and Black Knight at 5.6%.We are still waiting for FHFA and Case-Shiller's December numbers.  as of November FHFA had the year over year number at 6.6% increase.(For me, I consider the FHFA number to be a realistic number for the average buyer since it is based on purchases of homes using a conforming loan amount with an FHA, VA, FNMA FHLMC or USDA loan.  another fun piece of this is it pretty clearly shows that sellers are leaving money on the table when they accept a lower priced cash offer.)Core Logic also released its forecast for 2024 looking for a 3% increase in value, This just happens to be what t...
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By Robert Rauf
(CMG Home Loans)
Are you waiting for interest rates to drop to buy a home?  Here's why that may be a bad idea.The above chart shows what you may lose if you put off buying a home.  Here is where that data comes from.The above is based on purchasing a $400,000 home in Toms River, NJ (which is where my office is located) purchased with a 10% down payment. (with a lower down payment it will look even better).The Model's assumption is that that zip code will increase in value 5.3% this year - The forecasted appreciation for the nation is 5% as a comparison.  Had we done the same exercise last year the appreciation numbers would be even greater with the National average appreciation coming in right about 7% in 2023.As you wait for the "perfect rate" it is likely we will see housing prices continue to climb a...
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2024 Housing Activity:  Have you noticed an increase in activity?  Even with the snowy cold weekend I have seen a noticeable increase in buyer activity this past weekend.  We appear to be thru the holiday doldrums and that pent up demand has the market activity buzzing. Unfortunately, we still don’t have enough sellers with one of my buyers being amongst 7 other offers and another saying they had to wait in lines to get into open houses. I have also spoken to a few move up buyers that are seriously considering giving up their lower rate loan for quality of life. Many have been resistant to list their homes for fear of letting go of a low mortgage rate while being unhappy with current living conditions and its time to move on and be happy.  Have the conversation with your potential selle...
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Nestled at the northern tip of Long Beach Island, New Jersey, Barnegat Light is a charming, family-oriented seashore town with a rich history. The iconic Barnegat Lighthouse, a guiding beacon for mariners for generations, is a testament to the town's maritime heritage. In recent years, retirees and summer enthusiasts alike have been drawn to the tranquil allure of Barnegat Light, making it their second home. Here, we will explore Barnegat Light homes for sale, the town's amenities, and the unique attractions that make it a desirable destination for luxury living.Diverse Housing Options for Every LifestyleBarnegat Light, LBI, boasts a diverse real estate market catering to various preferences. Whether you're seeking a cozy condo, a spacious single-family home, or a multi-family dwelling,...
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If you've ever dreamed of living in luxury close to the water, Beach Haven West in Stafford Township, New Jersey, is the perfect place to explore! Nestled just across the bay from the iconic Long Beach Island, this charming waterfront community is a hidden gem that has captivated residents and visitors alike since the 1950s. Created by the visionary Shapiro family, who dotted the Jersey Shore with vacation homes, the Coves Beach Haven West is the place for those seeking a serene yet vibrant lifestyle.The Charm of Beach Haven WestWondering why it's called "West"? Well, it's simple: Beach Haven West is positioned on the mainland, typically to the west of Long Beach Island, where the bustling town of Beach Haven is situated. This community boasts a range of move-in-ready homes that have be...
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By Robert Rauf
(CMG Home Loans)
 Happy New Year!2024 Housing Forecast: I just read a housing forecast for this year, and it is promising.   A quick look back at 2023 we have Year over year prices up 6.4% as of November and it looks like the full year will be between 6.8 and 7% once the data is released for December. For this year the appreciation forecast is for housing prices to go up another 4.5-5% in value with 15-20% more transactions in 2024 VS 2023. (With less Agents in the business and fewer LO’s that should be good for all of us) For interest rates the forecast is also good and we anticipate seeing a range from the Mid 5s to the high 6s for the year. Under 6 is an important number. The “experts” feel that a sub 6% mortgage rate will get the move up buyers off the fence which will add some MUCH-needed inventory...
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By inboundREM Market Updates
(InboundREM)
If you're seeking the perfect blend of coastal charm and modern living, look no further than Beach Haven Gardens, nestled on the southern tip of Long Beach Island within the Long Beach Township. Beach Haven Gardens LBI homes for sale boast a diverse housing landscape featuring a mix of single-family homes and duplexes, each unique.Discover the Timeless and the ContemporaryAs you stroll through the streets of Beach Haven Gardens, you'll encounter a captivating blend of architectural styles. From quaint cottage-style residences dating back to 1955, exuding a nostalgic charm, to sleek and modern new constructions that offer every conceivable luxury, this neighborhood caters to various preferences.Proximity to the BeachOne of the most enticing aspects of Beach Haven Gardens is its proximity...
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By inboundREM Market Updates
(InboundREM)
Are you on the lookout for your dream home in a serene and charming neighborhood? Well, you're in luck! North Beach in Long Beach Township on scenic Long Beach Island, New Jersey, could be just the place you've been searching for. Discover the allure of this idyllic community, where the past gracefully meets the present and where tranquility and convenience coexist harmoniously. Join us as we explore the North Beach, LBI, homes for sale, and what makes this corner of the world so unique.A Glimpse into North BeachNorth Beach boasts a rich history, with many charming homes dating back to the 1970s and 1980s. Over the years, this area has seen the emergence of new houses on spacious tracts of land, blending the timeless charm of earlier decades with modern comfort and style. It's a place w...
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By inboundREM Market Updates
(InboundREM)
Holgate in Long Beach Township, New Jersey, might be the perfect place if you've ever dreamed of owning a slice of paradise by the sea. Nestled at the southernmost tip of Long Beach Island, this charming coastal community has undergone a remarkable transformation in recent years, making it a haven for those seeking luxury homes and a tranquil coastal lifestyle. In this article, we'll explore the beauty of the homes for sale in Holgate, LBI, its investment opportunities, and the natural wonders that make it a unique destination.The Rebirth of Holgate: A Coastal Success StoryHolgate faced its share of challenges in the past, particularly in the aftermath of Hurricane Sandy. However, a massive redevelopment effort has breathed new life into the area, increasing its value and overall appeal...
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By inboundREM Market Updates
(InboundREM)
Are you searching for your dream waterfront property across the bay from the picturesque Long Beach Island? Look no further than Beach Haven West in Stafford Township, New Jersey. This charming neighborhood, steeped in history, is the perfect blend of tranquility and luxury living. Join us as we explore Beach Haven West homes for sale and its offerings.A Glimpse into Beach Haven West's HistoryThe story of Beach Haven West dates back to the 1950s when the visionary Shapiro family set their sights on creating vacation homes along the stunning Jersey Shore. The name "west" comes from the geographical location, with the mainland typically lying to the west of Long Beach Island, where Beach Haven is beautifully situated. Over the decades, this community has evolved and flourished, featuring ...
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Are you ready to discover a world of luxury and leisure on Beach Haven, Long Beach Island, NJ? Welcome to a place where history meets excitement and pristine beaches meet elegant homes. Beach Haven, often called the "Queen City," has a rich late 19th-century history dating back to 1873 when it was established as a haven for wealthy summer residents. Today, it stands as one of the most picturesque nautical towns along the Jersey Shore, offering a range of exquisite condominium complexes and single-family homes that exude timeless charm. Read on to learn more about Beach Haven, NJ, homes for sale!Waterfront Bliss and Outdoor AdventuresOne of the key attractions of Beach Haven is its pristine, guarded beaches and easy access to the bay. Here, you can indulge in many water activities while ...
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By inboundREM Market Updates
(InboundREM)
Welcome to Spray Beach, the picturesque seashore neighborhood within Long Beach Township on beautiful Long Beach Island, New Jersey. If you dream of luxury living by the beach, this charming community might be your ideal destination. In this article, we'll explore the rich history, vibrant culture, and stunning real estate offerings that make Spray Beach homes for sale a coveted location for those seeking a turnkey residence with personalized luxury.Unearthing Spray Beach's Rich HistorySpray Beach boasts a fascinating history, with its roots dating back to 1891 when the iconic Spray Beach Hotel first opened its doors. This oceanfront jewel has been at the heart of community activities for over a century, making it a cherished landmark.Not far from the hotel stands the Spray Beach Chapel...
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By inboundREM Market Updates
(InboundREM)
Are you in search of your dream home in a picturesque coastal community? Look no further than Beach Haven Terrace, a charming neighborhood in Long Beach Township, New Jersey. Here, you'll discover many luxury homes that will capture your heart. From spacious residential houses to charming duplexes, Beach Haven Terrace offers diverse real estate options to suit your preferences. Let's dive into what makes Beach Haven Terrace homes for sale so special and why it's the perfect place to call home.The Allure of Beach Haven TerraceBeach Haven Terrace is a slice of paradise on Long Beach Island (LBI), known for its stunning waterfront properties and breathtaking panoramic views. Many of the homes in this area feature expansive open floor plans and rooftop decks, allowing you to bask in the bea...
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By inboundREM Market Updates
(InboundREM)
If you've ever dreamt of a tranquil coastal community that boasts pristine beaches, picturesque views, and an array of waterfront activities, then The Dunes in Long Beach Township, NJ, might just be your perfect haven. This charming neighborhood on Long Beach Island has transformed remarkably from rolling dunes to the sun-soaked paradise it is today. Let's explore why The Dunes homes for sale are perfect for your family.Embracing Nature's BeautyAs you step onto the sandy shores of The Dunes, you'll still encounter the enchanting dunes that have become an integral part of this coastal community's natural allure. These well-preserved dunes serve as a reminder of the area's rich history and commitment to preserving its beauty.Impeccable Luxury HomesThe Dunes boasts an impressive collection...
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By inboundREM Market Updates
(InboundREM)
If you've ever dreamt of owning your own paradise, your search ends here with Haven Beach. It's a delightful and upscale community in Long Beach Township, New Jersey. In this article, we'll explore the allure of Beach Haven LBI homes for sale and why it's considered one of the most desirable locations for luxury living on the Jersey Shore.Upscale Living in Haven BeachHaven Beach is synonymous with superior craftsmanship and luxurious living. This small yet exclusive section of Long Beach Township is home to a collection of single-family homes and duplexes that redefine the meaning of style and functionality. Each residence in Haven Beach boasts a unique charm, reflecting the highest quality standards.Spacious LivingOne of the key highlights of Haven Beach properties is the generous lot ...
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If you're searching for a serene summer haven by the shore, look no further than Peahala Park in Long Beach Township, New Jersey. Nestled along the coastline, this charming community is a hidden gem with a story to tell. It's a place where history blends seamlessly with the tranquil beauty of the coast, offering a delightful mix of peaceful moments and exciting experiences. Let's delve into what makes Peahala Park LBI homes for sale desirable.Peahala Park: Unraveling the HistoryPeahala Park's name carries with it a sense of intrigue and history. It harks back to the days of the Peahala Gunning Club, a prominent fixture on these sandy shores in the late 1800s. Though the exact meaning remains shrouded in mystery, it's believed to have roots in Native American words, adding to its allure....
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By inboundREM Market Updates
(InboundREM)
If you're searching for the perfect coastal escape, look no further than Beach Haven Park, a charming mid-island neighborhood in the heart of Long Beach Township, NJ. Developed with care and dedication by the Shapiro family in the 1960s, this area offers a peaceful oasis, far removed from the hustle and bustle of urban life. Beach Haven Park homes for sale truly offer something special for homebuyers.Discovering Beach Haven ParkBeach Haven Park boasts a unique ambiance, featuring an array of well-maintained Cape Cod-style homes and delightful vacation residences, all set against a backdrop of tranquil, coastal living. With the inviting sandy shores just steps away, you'll find it impossible to resist the allure of sunbathing, swimming in the crystal-clear ocean waters, or taking strolls...
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By inboundREM Market Updates
(InboundREM)
If you're in search of an idyllic coastal escape in Long Beach Township, look no further than Brighton Beach. Nestled within this charming township, Brighton Beach boasts a rich history and abundant modern amenities that make it a sought-after destination for luxury living. Read on to learn more about Brighton Beach LBI homes for sale!A Glimpse into Brighton Beach's PastIn the 19th century, Brighton Beach served as one of the train depots when railroad service was introduced to LBI. Over the years, it has become a tranquil residential haven on the island. With its serene ambiance and picturesque surroundings, Brighton Beach is the perfect place to call home.Breathtaking Views and Beachfront BlissOne of the standout features of Brighton Beach is its prime location, with single-family hom...
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By inboundREM Market Updates
(InboundREM)
Are you in search of a picturesque seaside escape? Look no further than Beach Haven Crest, a charming and tight-knit community within Long Beach Township, New Jersey. With its idyllic ten-block stretch, Beach Haven Crest offers the quintessential beachside living experience, complete with single-family homes, duplexes, and beautifully designed condominiums. Let's delve into this coastal paradise and explore the Beach Haven LBI homes for sale that await you.Intimate Living by the SeaWith its small size, Beach Haven Crest prides itself on fostering a close-knit, welcoming community atmosphere. Here, you'll find friendly neighbors and a warm ambiance that embraces you when you arrive. Its proximity to the shore adds charm, making it a perfect destination for those seeking an intimate seasi...
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