October 2017

Found 4 blog entries for October 2017.

Breaking: Students at Nut Swamp will likely be transferred to New Monmouth and some students from South will be transferred to North.

On Monday, Middletown schools superintendent Dr. Bill George announced that the district will likely realign some of the school boundary maps in the district — meaning that students who live in certain areas will be sent to new schools, different than what they are currently zoned for. The changes will take place as early as next September, at the start of the 2018-2019 school year.

Here's who will be affected: Some students at Nut Swamp and Middletown Village will likely be transferred to New Monmouth, which is currently only at 75 percent capacity and can fit more students. Students from Thompson, which is

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Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

 

 

 

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Some Highlights:

Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!

Housing inventory is still under the 6-month supply that is needed for a normal housing market.

Perhaps the time has come for you and your family to move on and start living the life you desire.

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A recent article from a reputable news source was titled: Here's why some homeowners still can't sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.

A recent report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no reference to significant equity in the article.)

If eight out of ten homeowners now have significant equity in their homes, it is hard

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