5 hot towns in a cooling housing market

5 hot towns in a cooling housing market

North Jersey’s housing market is showing signs of stabilizing after two frenzied years, thanks to rising mortgage rates.

But when you’re hot, you’re hot.

Whether due to location, luxury offerings, access to New York or other factors, some towns remained in demand last month, even as the market normalized following the Federal Reserve’s biggest interest-rate hike in 22 years.

Compass Real Estate of Ridgewood compiled data on home-price appreciation in Bergen County for May, using the New Jersey Multiple Listing Service Inc. Using a cutoff of at least 10 closed or pending sales in each municipality, we identified these five municipalities where prices kept jumping. Compass agent Max Stokes explained their appeal:

Fair Lawn

The historic Radburn area of ​​Fair Lawn.

The borough, known for easy highway access and shopping, is centrally located in the county and convenient to downtowns such as Ridgewood and Glen Rock. The median sale price of the 33 homes sold in Fair

…
Waterfront homes go for a premium in Maine’s esteemed Lakes Region

Waterfront homes go for a premium in Maine’s esteemed Lakes Region

The BDN is exploring Maine’s housing crisis from every possible angle, from how it affects home prices, to what it means for Mainers across the state. Read our ongoing coverage here and fill out this form to tell us what you want to know.

Loons, dragonflies and lapping water are drawing buyers to Maine’s lakefront properties, which are seeing strong sales at up to double the price of homes not on the water.

Comprising 60 lakes across 20 towns, the Lakes Region of southwestern Maine saw all lakefront homes sell for over the asking price in 2021 for the first time, said real estate agent Diane Monaco, who compiled data on the region for her employer, Maine Real Estate Choice. The region includes Sebago Lake, Maine’s second-largest lake after Moosehead.

“People want to boat and sit out on their dock and enjoy the peace and quiet,” she said. “It’s a

…
Homes That Sold for Around $1.5 Million

Homes That Sold for Around $1.5 Million

Every week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales.

The “list price” is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.

Connecticut | 4 BEDROOMS, 2 BATH

An 82-year-old, 2,500-square-foot Cape Cod-style house, with a living room that has a fireplace, a formal dining room with a bay window, a kitchen with a range-topped island and a bluestone patio, on 0.2 acres.

A 900-square-foot condo, with a living room that has floor-to-ceiling windows, a kitchen with granite counters, a washer and dryer and a balcony, in a 1980s doorman

…
Finding The Right Residence Enchancment Contractor

Finding The Right Residence Enchancment Contractor

Home Improvement ContractorsIn case you are a home or property proprietor it is sure that ultimately you have to to hire a house improvement contractor for one purpose or another. At certain parts of our website, only persons who provide us with the requested personally identifiable information will be able to order merchandise, packages, and services or in any other case take part within the site’s activities and choices. By no means do enterprise with a contractor who is unwilling to abide by any of the conditions above. Discovering an awesome contractor takes time and research, nevertheless it’s nicely definitely worth the effort. Dealing with someone who’s professional, experienced, and trustworthy will relieve numerous stress in an already demanding scenario and be sure that you get what you are paying for.

Materials You will have the precise to maintain any supplies that you simply purchased or for which you paid. You can …

More Homes are Becoming Short-Term Rentals as Studios and Sets

More Homes are Becoming Short-Term Rentals as Studios and Sets

Before tenants list rental homes for commercial use, they should look closely at their leases, according to Joshua Krefetz, a real estate lawyer at Ligris, a firm in Newton, Mass., who specializes in landlord-tenant litigation. “The laws are different in every state, but the main thing is the language of the lease,” Mr. Krefetz said.

He has not worked on any cases involving disputes arising from this type of short-term rental but explained that, generally, “full disclosure and consent should avoid problems with the landlord.” Hosts should also consider getting liability insurance before listing it, he added, even if they rent rather than own.

Hattie Kolp, 30, a special-education teacher in New York who writes a blog about lifestyle and design, has lived in the same two-bedroom, rent-stabilized apartment on the Upper West Side of Manhattan since she was 10. She took over the lease from her parents about four

…