GARY SIMMENS South Jersey Real Estate
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2021-05-12

Author Archives: Gary Simmens

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You may want to list your home soon — before there’s more competition.

You may want to list your home soon — before there’s more competition. There’s a reason housing inventory has been sluggish throughout the coronavirus pandemic. Given the general uncertainty that…

Written by Gary Simmens

May 12, 2021

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Wow! Look at these very low interest rates!!!

LOOK AT THESE VERY LOW INTEREST RATES! HELPFUL REAL ESTATE WEBSITE: WWW.GARYSIMMENS.COM Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®04/15/21(most recent) Trending AverageRate Points…

Written by Gary Simmens

April 16, 2021

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Mortgage interest rates slowly going up

Mortgage interest rates started 2021 at all-time record lows. Throughout January and the first half of February, rates hovered slightly above those record lows. Then, as February came to a…

Written by Gary Simmens

March 11, 2021

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Price of lumber going sky high on building new homes.

KEY POINTS Lumber prices top $1,000 for the first time as single-family housing starts drop 12% Lumber prices inched over $1,000 per 1,000 board feet, according to Random Length Lumber…

Written by Gary Simmens

February 19, 2021

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For Year 2020- The Real Estate Homebuyer Profile.

*In Year 2020… 31% of buyers were 1st timers. 44% of buyers were looking to avoid major renovation issues. 18% of buyers contacted a real estate agent as the first…

Written by Gary Simmens

February 17, 2021

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Valentines Day Market Update at the Greater South NJ Shore Area

Happy Valentines Day Weekend—- Market Update VERY LOW INVENTORY—Still all time low interest rates under 3% Multiple Bidding Wars on properties happening very quickly when listed in most cases in…

Written by Gary Simmens

February 13, 2021

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Congratulations and a Big Heartfelt “Thank you” to our Clients and Friends

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Written by Gary Simmens

February 5, 2021

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The latest mortgage interest rate update as of 01/28/21

Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey® 01/28/21 (most recent) Trending Average Rate Points & Fees Margin 30-Year Fixed Rate ▼ down 2.73%…

Written by Gary Simmens

January 28, 2021

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Federal Reserve To Leave Interest Rates Alone, Good News Today!

WASHINGTON (AP) — The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral…

Written by Gary Simmens

January 27, 2021

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