Jennean Veale, BHHS Fox & Roach Realtors

Worried About Mortgage Rates? Control the Controllables

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.

The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky.

That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t control. The best thing you can do is control the controllables.

And when it comes to rates, here’s what you can influence to make your moving plans a reality.

Your Credit Score

Credit scores can play a big role in your mortgage rate. That’s why it’s even...

Worried About Mortgage Rates? Control the Controllables Chances are you’re hearing a lot about mortgage rates right now.

Do Elections Impact the Housing Market?

The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.

Home Sales

During the month of November, in years when the Presidential election takes place, there’s typically a slight slowdown in home sales. As Ali Wolf, Chief Economist at Zonda, explains: “Usually, home sales are unchanged compared to a non-election year with the exception being November. In an election year, November is slower than normal.”

Home Prices

What about home prices? Do they drop during election years? Not typically. As residential appraiser and housing analyst Ryan Lundquist puts it: “An election year doesn’t alter the price trend that is already happening in the market.”

Mortgage Rates

Mortgage rates are important because they affect how much your...

Do Elections Impact the Housing Market? The 2024 Presidential election is just months away.

Happy Father’s Day!!
Thankful today & everyday for all the wonderful Father’s we know & love 💙💙💙

Working on your green thumb? These flowering houseplants are easy to care for and are beautiful.

4 Stunning Flowering Houseplants Are you the type of person who likes to take their flower garden indoors? Indoor plants do more than...

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📍 186 Kettlebrook Drive, Burlington County, NJ, 08054

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Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC]

According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years. That’s because a home is so much more just than a roof over your head. It’s also an asset that typically grows in value over time. If you’ve been debating if it makes more sense to rent or buy, DM me to talk about why homeownership can be a better bet in the long run.

Real Estate Is Still the Best Long-Term Investment [INFOGRAPHIC] According to a recent poll from Gallup, real estate has been voted the best long-term investment for twelve straight years.

Happy Flag Day! 🇺🇸🇺🇸🇺🇸❤️🤍💙🇺🇸🇺🇸🇺🇸

Homebuilders Aren’t Overbuilding, They’re Catching Up

You may have heard that there are more brand-new homes available right now than the norm. Today, about one in three homes on the market are newly built. And if you’re wondering what that means for the housing market and for your own move, here’s what you need to know.

Why This Isn’t Like 2008

People remember what happened to the housing market back in 2008. And one of the factors that contributed to that crash was that there were too many homes for sale. While only part of the oversupply back then came from builders, the lasting impact is that some people still feel uneasy when they hear new home construction has ramped up.

Even though the supply of new homes has grown this year, the data shows there’s no need to worry. Builders aren’t overbuilding, they’re just catching up.

New Home Construction May Be at Its Peak for the Year

Builders remember what...

Homebuilders Aren’t Overbuilding, They’re Catching Up You may have heard that there are more brand-new homes available right now than the norm.

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are

If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify. Here’s what’s really happening with prices.

The key is knowing the difference between the asking price and the sold price.

Understanding Asking Price vs. Sold Price

In essence, the asking price, also known as a listing price, is the amount a seller hopes to get for their home when they list it. In reality, sellers can’t just put any price tag on their house and expect it to sell for top dollar.

Here’s the most important thing to note: Actual sold prices are still rising, and they’re expected to continue to do so at least over the next 5 years.

What Does This Mean for Home Prices?

So, while there's been an increase in price reductions recently, this doesn't mean overall home values are declining.

Why This...

Home Prices Aren’t Declining, But Headlines Might Make You Think They Are If you’ve seen the news lately about home sellers slashing prices, it’s a great example of how headlines do more to terrify than clarify.

Savings Strategies Every First-Time Homebuyer Needs To Know

If homeownership is on your goal sheet for your future, you’re probably working on your savings. And a big priority is making sure you’ve got a plan in place for things like your closing costs, down payment, and more.

Here are a few strategies that can help speed up that process.

Budget and Track Your Expenses: To start, create a detailed budget that tracks the money you’ve got coming in and the money going out. This’ll give you a better look at your finances as a whole.

Cut Down on Unnecessary Spending: Now that you have your budget sheet done and you know how you’re spending your money, look for any line items that aren’t absolutely essential. If you cut down on those, you can re-allocate that cash toward buying a home. Even the little things can add up.

Automate Your Savings: Once you know how much you want to set aside for your homebuying budget...

Savings Strategies Every First-Time Homebuyer Needs To Know If homeownership is on your goal sheet for your future, you’re probably working on your savings.

Selling Smart: Why a Real Estate Agent Makes All the Difference

If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress.

Getting the Price Right

Setting the right price for your house is important. And, if you’re selling your house on your own, two common issues can happen. You might ask for too much money (overpricing). Or you might not ask for enough (underpricing). Either can make it hard to sell your house.

To avoid these problems, team up with a real estate agent. Agents know how to figure out the perfect price because they have a deep understanding of the local housing market.

Understanding and Performing Paperwork

Selling a house involves a bunch of paperwork and legal documentation that has to be just right. There are a lot of rules and regulations to follow, and that makes it a bit tricky for homeowners to manage...

Selling Smart: Why a Real Estate Agent Makes All the Difference If you’re considering selling your house on your own as a “For Sale by Owner” (FSBO), you want to think about if it’s really worth the extra stress.

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📍 2124 Atco Avenue, Camden County, NJ, 08004

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Thinking about buying a home? Consider the long-term wealth-building benefits.
Homeownership isn't just about having a place to live—it's a key to building wealth. As you pay off your mortgage, your equity grows, and any increase in your home's value adds to your net worth.
Just check out how home values have grown since 1991.

🏡 Open House - Sunday June 9th in Voorhees

📍Join us from 12 - 2pm @ 39 Kestrel Drive
▪️ 3 Bedroom
▪️ 2.5 Bath
▪️ Updated throughout & move-in ready

🔥 New Listing Alert! 🔥
Updated throughout and move-in ready, in Atco.

🔹 New Roof
🔹 Large, fenced in lot w/ extensive driveway and private parking.
🔹 New AC, water heater, & windows + more
🔹 Freshly painted throughout

Make your appointment today!

🔸Open House ~ Saturday June 8th ~ 1:00 - 3:00pm

📍242 Southview Drive, Delran, NJ

Don’t miss our Grand Opening in desirable Tenby Chase!
🔸 4 Bedrooms
🔸 2.5 Baths
🔸 unfinished basement
🔸 2 car garage
🔸 New Roof
🔸All season bonus room addition and enclosed screened porch

Establish goals and habits now to prepare.

5 Financial Tips for First-Time Parents So a babe is on the way? Congrats! Along with the chaos of, well, everything that is to come, your f...

The Wealth-Building Power of Homeownership [INFOGRAPHIC]

If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time. According to the FHFA, home values have increased by 315.7% since 1991. Home equity is one reason owning your own place can really pay off in the long run. When you're ready, DM me.

The Wealth-Building Power of Homeownership [INFOGRAPHIC] If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.

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📍 39 Kestrel Dr, Voorhees, NJ, 08043

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Your Equity Could Make a Move Possible

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move.

What Is Equity?

Think of equity as a simple math equation.
Your equity grows as you pay down your loan over time and as home prices climb. And thanks to the rapid home price appreciation we saw in recent years, you probably have a whole lot more of it than you realize.

The latest from the Census and ATTOM shows more than two out of three homeowners have either completely paid off their mortgages.
That means the majority of homeowners have a game-changing amount of equity right now.

How Your Equity Can Help Fuel Your Move
• Be an all-cash buyer
• Make a larger down payment

The First Step: Determine How Much Equity You Have in Your Home

Want...

Your Equity Could Make a Move Possible Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now.

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📍 242 Southview Drive, Burlington County, NJ, 08075

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The Sweet Spot for Buying Luxury Homes

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why.

There Are More Luxury Homes To Choose From

What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they’re homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing.

There are considerably more single-family luxury homes available now than there were a year ago. In fact, there are even more than there were just a month ago. This means you should have a wider variety of top-of-the-line homes to choose from, each with unique features and styles.

Rising Luxury Home Prices Can Help You Build...

The Sweet Spot for Buying Luxury Homes If you’ve been looking for a home at the high-end of your market, but haven’t found the right one, you may have put your search on hold.

🏠 Just Listed! Showings begin today, schedule your appointment OR join us on Saturday 6/8 from 1 - 3pm at our Open House! 🚩

📍 242 Southview Drive in Delran, NJ

What To Expect if You Buy or Sell a Home This June

June is a busy month in the housing market because a lot of people buy and sell this time of year. So, if you’ve got a move on your mind and you’re looking to make it happen this month, here’s a snapshot of what you need to know to make sure you’re ready.

If You’re Buying This June

A lot of homebuyers with children like to move after one school year ends and before the next one begins. That’s one reason why late spring into summer is a popular time for homes to change hands. And whether that’s a motivator for you or not, it’s important to realize more buyers are going to be looking right now – and that means you’ll want to be ready for a bit more competition. But there is a silver lining to a move this time of year. This is also when more sellers will list – so you should find you have more options.

During this busy season, it’s extra important to work with a...

What To Expect if You Buy or Sell a Home This June June is a busy month in the housing market because a lot of people buy and sell this time of year.

More Than a House: The Emotional Benefits of Homeownership

With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home. That’s only natural as you think about the dollars and cents of it all.

And while you ultimately need to be able to afford a home you buy, don’t lose sight of why homeownership was so important to you in the first place. That’s because buying a home is so much more than just a financial transaction.

Here’s a look at just a few of those more emotional or lifestyle perks, to help anchor you to why homeownership is one of your goals.

A Sense of Satisfaction

Owning a home is often associated with better mental health and well-being. T

More Stability for Your Family

Another thing that may make homeowners feel more satisfied is that they’re finally able to put down roots.

A Stronger Feeling of Community

And if you’re also...

More Than a House: The Emotional Benefits of Homeownership With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home.

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📍 608/1840 Frontage Rd, Kingston Estates, NJ, 08034

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📍 908 Georgetown Rd, Oak Valley, NJ, 08090

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Sold! 🎉
Congratulations to our happy Sellers today at 908 Georgetown Rd. In Wenonah, NJ !

🏡 True story… this is the 3rd time I’ve sold this beautiful home. Very happy to share that I sold this home to the original owner as new construction 8 yrs ago.
4 years later when the original owners relocated, I listed this beautiful home for them & also represented the new Buyer.
Another 4 years later when it was time for the current homeowner to move, she called me 😁

Thankful for my wonderful clients, staying in touch and allowing me to continue helping them and their families over the years. 💜

Old stone fireplace? Keep it safe and looking lovely with a quick, easy facelift.

Maintaining the Beauty of Your Natural Stone Fireplace In your home or in your vacation cabin, a handsome stone hearth is often the gathering place for com...