How Home Mortgages Amortize and What It Means for You
How Home Mortgages Amortize and What It Means for You When you take out a home mortgage, the concept of amortization plays a crucial role in how your loan payments are structured. Amortization refers to the process of spreading out a loan into fixed payments over time, gradually paying down both the principal (the amount borrowed) and the interest (the…
Foreclosures Franklin, NC
Foreclosure Trends and Real Estate Market Impact in Franklin, NC Overview of Franklin’s Foreclosure Situation In Franklin, North Carolina, the foreclosure landscape in 2023 offers unique opportunities for both homebuyers and real estate investors. This small town has become a focal point for those seeking affordability in the housing market, especially through foreclosed properties. Key Highlights: Variety of Foreclosed Homes:…
Rising Interest Rates and Their Impact on Homeowners
Rising Interest Rates and Their Impact on Homeowner Mobility and the Real Estate Market Explore how rising interest rates in 2022 impacted homeowner mobility, real estate listings, and house prices. Learn about the lock-in effect and its broader economic implications. The sharp increase in interest rates during 2022 introduced significant “lock-in” effects for homeowners holding low, fixed-rate mortgages. Using a…
2024 Real Estate Market Overview
2024 Real Estate Market Overview The dialogue surrounding the 2024 real estate market is robust, featuring a plethora of insights from various experts and observers. The overarching narrative is one of a market in flux, underscored by emerging trends and forward-looking predictions that bear significant weight on how the housing sector is to be navigated. Home Prices Surge A key…
Cape Romano Dome House – Marco Island FL
The End of an Era: The Cape Romano Dome House The Cape Romano Dome House, once a testament to architectural innovation and resilience against Florida’s harsh weather conditions, has captivated the imaginations of both locals and visitors near Marco Island for decades. This iconic structure, known for its futuristic design and environmental sustainability features, faced its final chapter during Hurricane…
Atlantic County NJ Foreclosures
Foreclosures in Atlantic City-Hammonton, NJ Foreclosure Rate Overview Foreclosure rate in 2023: 1 in every 307 housing units. Total foreclosures (Jan-Jun 2023): 429 properties. Comparative analysis: A slight decrease of 1.6% from 2022. Atlantic City Housing Market Dynamics Market competitiveness: Not very competitive. Median sale price: $197K, up 34.1% from last year. Average selling period: Homes sell in about 76…
Biden DOJ’s Concerns and Implications for Real Estate – Continue to Mess With the Free Market
Navigating the NAR Settlement: DOJ’s Concerns and Implications for Real Estate As of December 2024, the U.S. Department of Justice (DOJ) has raised critical questions about the National Association of Realtors’ (NAR) proposed $418 million settlement to resolve the Sitzer/Burnett commission lawsuit. While the DOJ has not officially taken a stance on the settlement’s approval, it has highlighted several concerns…
Aftermath of Hurricanes Helene and Milton
Aftermath of Hurricanes Helene and Milton in Southwest Florida Southwest Florida recently endured two powerful hurricanes—Helene and Milton—within a span of just two weeks. These back-to-back storms left a trail of devastation, hitting areas like Punta Gorda, Charlotte Harbor, Sarasota, and Siesta Key especially hard. The compounded effects of repeated flooding, infrastructure damage, and economic losses have made recovery efforts…
