Lynn Nebel, NJ Realtor

06/14/2023

In May median home prices continued their upward climb, as inventory continues to shrink.

May 2023 | Regional Results real estate market report for North Central NJ - by Turpin Realtors

03/16/2023

Now is a great time to sell your house!

February 2023 | Regional Results real estate market report for North Central NJ - by Turpin Realtors

03/03/2023

Get our detailed residential prime property report to learn how the luxury real estate market performed in 2022, and the outlook for 2023—with insights from our prime property experts in 440 offices across the globe.

03/03/2023

Interesting insights into the global luxury markets return to normalcy post-pandemic and the anticipated impact of economic and geo-political uncertainty on luxury demand.

Get our detailed residential prime property report to learn how the luxury real estate market performed in 2022, and the outlook for 2023—with insights from our prime property experts in 440 offices across the globe.

01/19/2023

Honored to be part of this successful group! 🌟 Congratulations to all of the 2022 President’s Club members! 👏 Looking forward to another great year! 🏡📈

01/09/2023

5 Economic Insights -- a quick read!

https://lynnnebel.turpinrealtors.com/blog/6869/Economic-Insights

10/28/2022

The worldwide reach of Forbes combined with Turpin's unparalleled depth of local market knowledge make this a very exciting partnership! 🌎🤝🏘

10/20/2022

The real estate market is moderating, but the inventory of available homes is low and Q3 prices reflected this 🍂🏡🍁

Check out Turpin's Third Quarter 2022 Market Report for a look at the state of residential real estate in North Central New Jersey. 📈

🏘️ Read the full report → www.turpinrealtors.com/reports
⁠⁠⁠⁠
⁠📧 Subscribe and receive our next edition in your inbox. https://bit.ly/3vgYS0N
⁠⁠.⁠⁠⁠

10/14/2022

🏡 OPEN HOUSES 🎈Saturday, October 15 & Sunday, October 16 from 12PM-4PM
📍 162 Basking Ridge Rd. - Long Hill Twp., NJ
📄 Offered at $499,000 ➡️ 3 Bedrooms, 2 Bathrooms
⭐️ Fantastic opportunity for the mid-century enthusiast or anyone looking for one-floor living on 2.24+/- park-like acres with an inground pool! Less than one mile and within walking distance to the Millington train station. Showings only during open houses on October 15th and 16th.
🔗 Click here for additional information: https://lynnnebel.turpinrealtors.com/residential/gsm/3811824/162-basking-ridge-rd-long-hill-twp.-nj-07946

09/16/2022

The North Central NJ August 2022 Market Report is now available 📄Year-over-year prices are still higher than they were in August 2021, while supply is still reduced. 📈📉 This, coupled with rising interest rates, suggest that it may be an opportune time to buy. 🏡 With standing inventory at roughly one-third of its pre-pandemic level and pended sales in line with 2018-19, this fall also looks like a good time for sellers to list their homes. 🍂🍁

➡️ View the report: https://www.turpinrealtors.com/Reports

First Quarter Market Report 2022 | Real estate stats, trends and commentary for Morris, Somerset, Hunterdon, Essex and Union counties in NJ

09/01/2022

What The Housing “Recession” Is And Is Not 🏡📉📈

National Association of Realtors Chief Economist Lawrence Yun went on record to state, “We’re witnessing a housing recession in terms of declining home sales and home building … However, it’s not a recession in home prices. Inventory remains tight, and prices continue to rise nationally, with nearly 40% of homes [on the market] still commanding the full list price.”

In July 2022, the median existing-home sales price went up 10.8% from last year to $403,800. That's down $10,000 from the previous month's record high.
For sellers, a housing recession means you may need to temper your expectations. You may not get that bidding war that you hoped for, and high prices may scare some potential buyers away. Your home could be on the market for a longer period of time, and potential buyers could be more demanding.

As a buyer, you must accept the reality of a limited inventory and higher interest rates.

There are five long-term benefits of owning real estate:

• When you get a 30-year mortgage, it is a hedge against inflation. Rents will go up, but your 30-year mortgage will keep the same rate unless you refinance to a lower one.
• There are tax benefits to owning real estate.
• Over longer time horizons, you can expect to see price appreciation in real estate.
• You’re paying down the loan over time, providing you with equity in an asset.
• You need somewhere to live, so owning a home has a functional use.

“Homebuilding starts are a leading indicator of the real estate market. The Census Bureau recently released some disappointing news. Housing starts (new construction) dropped 9.6% in July 2022.
Since builders react to housing demand, we must take notice of this number as it can impact the real estate market for years to come. For instance, what will happen if interest rates drop and there’s an insufficient supply of houses to match demand?”

— Excerpts from Forbes.com

07/30/2022

🏡 OPEN HOUSE 🎈Sunday, July 31 from 1PM-3PM
📍 12 Armstrong Rd. - Morris Twp., NJ
📄 Offered at $1,599,000 ➡️ 5 Bedrooms, 4.1 Bathrooms
⭐️ This impressive & stately Colonial, built in 2011 by local master builder WP Lloyd, seamlessly blends luxurious architectural finishes with sought-after sustainability. Conveniently located in the Spring Brook neighborhood, this home features 5 bedrooms, 4.1 bathrooms, a chef's kitchen, large family room, home office, finished recreational room, storage attic, and more. The yard is private & fully fenced with a lovely stone wall & patio, perfect for outdoor entertaining.
🔗 Click here for additional information: https://dashboard.turpinrealtors.com/TPR/egn/public/webview.jsp?id=46662FDF-74FE-42C0-9D41-20B24C0FBB34