The #1 Reason It Is Difficult to Find Your Dream Home

The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale in the lower price points. Boomers are staying in their current homes longer because there is a shortage of homes available for sale to which they would move. In certain markets, affordability is becoming more challenging because there is a shortage of homes available for sale.

What’s the major reason for this lack of housing inventory?

The issue was examined in a recent article by the National Home Builders Association (NAHB). In the article, Robert Dietz, Chief Economist for NAHB, explained:

“Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand…Years of population and household formation growth, combined with relatively reduced levels of home building, have left the market with a critical supply shortage.”

Here are the single-family home construction starts by decade for the last six decades:The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The MarketObviously, there’s a current shortage of homes for sale because not enough houses were built over the last ten years. To add to the challenge, the U.S. population expanded by more than 20 million people during the 2010s.

Below is a graph showing the number of starts per every million in population. The last decade shows that starts per population were less than half the average of the previous five decades.The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The Market

There’s good news coming!

The NAHB article explains that there is light at the end of the tunnel.

How confident home builders are in the housing market is a great indicator of how much building is about to get started. The NAHB/Wells Fargo Housing Market Index (HMI) gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair,” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average,” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates that more builders view conditions as “good” than “poor.”

Here are the HMI readings going back to 2008:The #1 Reason It Is Difficult to Find Your Dream Home | Simplifying The MarketThe 2019 confidence reading of 76 was the highest since 1999. The January 2020 index came in one point lower at 75. These readings indicate we should see an increase in new residential construction in 2020. Just last week, NAHB Chairman Greg Ugalde stated:

“Low interest rates and a healthy labor market combined with a need for additional inventory are setting the stage for further home building gains in 2020.”

The increase in housing starts has already begun. According to the January report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, single‐family housing starts were up 11.2% and attained the highest level in thirteen years.

Bottom Line

Whether you’re a first-time buyer or a seller thinking of moving up or down, 2020 could be your year with more new construction homes coming to market.

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Here’s to a Wonderful 2020!

Here’s to a Wonderful 2020! | Simplifying The market

Here’s to a Wonderful 2020! | Simplifying The market

We hope 2020 is a great year for you, both personally and professionally!

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Realty Executives Elite Homes Chosen To Represent The Bedford Estate

Matthew De Fede Broker/Owner of Realty Executives Has Been Chosen To Represent The Sale of The Ruth Bedford House. The Home Will Be Hitting The Market in January of 2020, To See More Photos Go Here.

Ruth Bedford Nutley

Read More About Ruth Bedford Here

Top Real Estate Broker in Northern NJ, Matthew De Fede

Matthew De Fede

​Realty Executives Elite Homes is Celebrating it’s 5th Year in Business in Northern New Jersey, Matthew De Fede Broker/Owner Says

“It feels like it has been decades since we opened our doors but in a short amount of time we have built a rather strong brand in the Nutley, Montclair Area”

​Matthew had a vision of opening up a real estate office that was run more like a Advertising Agency, something he has some experience in.

Having worked for major companies for the past 29 years he took his skills and knowledge of marketing and turned it into a growing Real Estate Brokerage in the Northern New Jersey Area and this December will mark 5 years doing just that.

Matthew says we are a digital marketing agency and our products that we sell just happen to be homes and real estate.

For more information you can reach Matthew and his team at 973-846-0065.

Discount Brokers in Nutley, 5 Things You Need To Know When Selling in Nutley NJ

If you have come here looking for a Discount Brokerage to sell your home in Nutley STOP! and Go here!

We are not a discount Brokerage in Nutley New Jersey, We Are a FULL SERVICE REAL ESTATE MARKETING COMPANY in Nutley NJ and we do have a 99% Success Rate When Selling Your Home in Nutley New Jersey

Nutley is located 12 miles from NYC and is a great town for first time home buyers moving from NYC to NJ, Close to all Major roads as well as the New Medical School in Nutley New Jersey, and the new future home of Quest Diagnostics, The average home price is $35ok – $450k you can get a nice 3 bedroom 2 bath home in one of Nutley’s gorgeous sections. Nutley has several sections, The Washington Section, The Yantcaw Section, The Radcliffe Section, The Spring Garden Section and the Lincoln section of Nutley New Jersey. Here are some of the latest homes I have sold in Nutley recently.

5 Enclosure in Nutley New Jersey Was Sold for $539,000.00

This  home is a 4 Bedroom 2 Full Bath & 2 Half Bath Located in the Yanticaw Section of Town, This home was built in 1886 and totally renovated in 2018

SOLD BY MATTHEW DE FEDE of REALTY EXECUTIVES ELITE HOMES

To see More of This Home Click Here

5 Enclosure St Nutley NJ 07110

What Discount Brokers Won’t  Do For You

1. Photograph Your Home, You will have to pay extra for real good photos

2.Will Not Supply You With A Virtual Tour, You would also have to play for that

3. Market The Property Daily, They just put the home on the MLS

4. Will not negotiate your deal and handle home inspection issues etc.

5. Will Not Pick Up The Phone On A Sunday Night at 8pm When You Have a Question.

 

23 Taft St. in Nutley New Jersey

This home was a 3 Bedroom 1.5 Bath Home in The Lincoln Section of Nutley New Jersey

SOLD BY MATTHEW DE FEDE of REALTY EXECUTIVES ELITE HOMES

To see More of This Home Click Here

23 Taft in Nutley New Jersey

Living In Nutley New Jersey

 

Franklin Avenue & High Street

Franklin Avenue & High Street

Established in the late 17th century by Dutch and English settlers on the west bank of the Passaic River, Nutley has retained its small town atmosphere through the centuries. Competently governed by a board of commissioners and home to one of the nation’s premier pharmaceutical companies, Hoffmann-La Roche, it is a stable and progressive community, whose residents voluntarily staff the emergency and rescue squad and most of the fire department.

Through the years, the town has had its share of notable residents, including Annie Oakley, Martha Stewart, well-known artists, a countess, a Swiss baron, a baroness and members of Jackie Kennedy’s family. It is basically a residential community and boasts a park in every neighborhood. The New York skyline is visible from any hill in town and Manhattan is just a short bus ride away. An excellent school system is maintained at a cost far lower than surrounding communities and major colleges and universities are within easy commuting distance.

The Nutley Oval

The Nutley Oval

Perhaps Nutley’s charm and appeal is most evident by the fact that families stay in town from generation to generation and grandchildren and great grandchildren walk the same streets their ancestors trod. Nutley is conveniently located just eleven miles straight out from NYC. The township is comfortably saddled between the Passaic River, Route 3, the GSP and the township of Belleville to the south.

NUTLEY TOWNSHIP WEBSITES
NutleyNJ (Official Township Web Site.)
NJ Hometown
www.Nutleynet.com
www.oldnutley.org
www.nutleyschools.org/
www.nutleytown.com/
www.nj.com/nutley/
www.northjersey.com/towns/Nutley.html
List of Civic Members
Check out these websites for statistics about Nutley: www.zip-codes.com and www.yahoo/neighborhoods.com

IMPORTANT TELEPHONE NUMBERS AND ADDRESSES
• Town Hall: 1 Kennedy Drive, Nutley, NJ 07110 – Phone: 973-284-4951 / Fax: 973-284-4901 – Website
• Emergency and Rescue Squad: 119 Chestnut Street, Nutley, NJ 07110 – Phone: 973-667-7487*
• Police and Fire Departments: 228 Chestnut Street, Nutley, NJ 07110 – Phone: 973-284-4940*
• Board of Education: 375 Bloomfield Avenue, Nutley, NJ 07110 – Phone: 973-661-3500 – Website
• Nutley Free Public Library: 93 Booth Drive, Nutley, NJ 07110 – Phone: 973-667-0405 – Website
*In the event of an emergency, dial 911.

Yantacaw Park

Yantacaw Park

Kingsland Manor

Kingsland Manor

The Black Prince Distilleries

The Black Prince Distilleries

Home For Sale in Nutley New Jersey – 4 Bedroom Tudor

Totally Renovated Home in the Yanticaw Section of Nutley, Old World Charm With All Of Today’s Amenities Any Home Buyer Would Want, Granite, Stainless, Finished Basement & Finished Attic A Must See!

What I Love About The Home

This home has the old world charm with the solid build, better than homes that are built today! Close to Parks, Schools & Major Roads, Easy Commute to NYC

Here’s to a Wonderful 2019!

Here’s to a Wonderful 2019! | Simplifying The Market

Here’s to a Wonderful 2019! | Simplifying The Market

We hope 2019 is a great year for you, both personally and professionally!

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Essex Park in Belleville NJ, Just Listed – Grandville Unit

I just listed this gorgeous Grandville Unit at Essex Park in Belleville New Jersey

Essex Park in Belleville New Jersey

Official Listing: 38 Cathedral Ave in Nutley NJ

🏠Gorgeous 4 Bedroom Colonial Home Located in the Spring Garden section of Nutley NJ

🚉 Easy Commute to NYC

👨‍👩‍👧‍👦 In-Law Suite For Extended Family

This home has everything a home owner could want, granite counters, large open floor plan, a master suite with Jacuzzi tub that would be fabulous

(CLICK TO SEE MORE)

38 CATHEDRAL AVENUE

Just Sold in Nutley – 179 Centre St.

179 Centre St, Nutley, NJ

$ Click for current price
3 BEDROOMS | 1 (1 full ) BATHROOMS |

THIS CLASSIC 3 BEDROOM COLONIAL LOCATED IN THE HEART OF NUTLEY NEW JERSEY IS A GREAT HOME FOR SOMEONE THAT DESIRES MORE SPACE AND LOW TAXES, BUILT IN POOL AND SO MUCH MORE TO OFFER.

BUILT DURING THE EARLY PART OF THE 20TH CENTURY THIS HOME IN NUTLEY WAS BUILT BY MR FREEMAN HIMSELF (THE NAME ON THE STREET SIGN) IT HAS A LARGE CORNER LOT WITH ALL THE ORIGINAL WOOD IN TACT AND OPEN AIRY ROOMS, DECK, JACUZZI AND SO MUCH MORE.

THE TAXES ARE LOW ON THIS SIZE HOME UNDER 10K PER YEAR AS WELL.


REALTY EXECUTIVES ELITE HOMES

653 Franklin Ave.

Nutley NJ 07110

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