If you are contemplating buying a vacation home or an investment property along the Jersey Shore now is the time to make your move. The real estate market along the shore has continued to show positive growth throughout this year, and is expected to continue to grow in 2016.
The sale of homes over $1 million along the Jersey Shore achieved record highs this year, increasing above the figures we saw when the housing boom was at its peak. With those looking to invest in luxury properties along the Shore on the rise, so too will follow the rest of the housing market.
Not only are luxury homes experiencing a boom, new homes are following suit. While home prices are on the rise they still remain 29 percent below the numbers we saw during the housing boom. This makes it a great time to buy along the Jersey Shore.
Mortgage interest rates are anticipated to increase by as much as 1 percent over the next year. As rates increase so does the amount you are paying on a monthly basis. Now is the time to take advantage of still low mortgage rates to buy your next Jersey Shore home.
If buying a second home on the Jersey Shore is something you are considering, we’d be delighted to take the time to show you potential homes and to answer any questions you may have about owning a second home. Our job is to make your tomorrow better than today. Contact us today via email or give us a call at 609-264-6762.