The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, for decades, Bergen County’s towns have attracted homeowners with their excellent schools, vibrant downtowns, safety, and prime locations. Now, one town is receiving national recognition from Realtor.com as one of the “Hottest ZIP Codes” in the country, where buyer demand is concentrated.
the staff of the Ridgewood blog
Ridgewood NJ, according to Realtor.com, the prevalence of remote work has brought significant changes in various aspects of people’s lives, including home purchasing decisions. With the option of working remotely, individuals are less restricted by proximity to work in their home search, potentially able to move closer to family or to seek more spacious homes in suburban areas generally further away from downtown job centers. Meanwhile, in the current climate of record-high mortgage rates and persistently high housing prices, another aspect of remote work has drawn our attention – the ability of home shoppers to utilize flexible work modes to access a wider range of housing options, mitigating affordability concerns. This research, using Realtor.com cross-market data, affordability scores, and publicly available data on remote job openings, shows that in the least affordable urban markets, homebuyers with more flexible work modes exhibit significantly lower interest in buying from local markets when compared to their counterparts constrained by less flexible work arrangements. In other words, homebuyers benefit from flexible work modes when it comes to searching for affordability https://northerncyprusforsale.com/cheap-properties/ in the housing market.
Continue reading Remote Work Impacts Purchase Decisions in Real-Estate Market
the staff of the Ridgewood blog
Ridgewood NJ, according to Realtor.com® Hottest ZIP Codes, Ridgewood placed in the top ten of all zip codes. Realtor.com’s Hottest Zip Code rankings take into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property listed for sale, and fast-selling homes, an indicator of limited supply.
Continue reading Ridgewood Among Hottest Zip Codes in US for Home Buyers
the staff of the Ridgewood bnlog
Ridgewood NJ, according to Realtor.com®’s February housing data, the inventory of homes for sale continued to grow, driven by homes spending more time on the market as buyers continued to face affordability constraints. A few larger metros also saw inventory increase above pre-pandemic levels. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January.
Continue reading Realtor.com®’s February Housing Data: Buyers Face Affordability Constraints
A flat fee MLS in North Carolina is what it sounds like: a company that lists your home for a flat fee, which is a few hundred dollars. MLS stands for Multiple Listing Services, a service with which your house gets listed on your local real estate market database. The primary directory for active listings is only accessible to agents but using flat fee MLS you can get your house listed FSBO without having to hire a real estate agent. Your listing is also integrated on real estate websites like Redfin, Realtor.com, Trulia, and Zillow.
The value of homes in North Carolina averages out to USD 322,986. So, if you are selling your house in NC traditionally, you have to pay about 6%, that is, USD 19,380 as agent commissions. You can eliminate this cost entirely or at least by half by working with a flat fee MLS in North Carolina and save thousands of dollars.