Affordability

Rising Home Insurance Costs in South Jersey: What Buyers Need to Budget For Buying a home ranks among your biggest life investments. Homeowner's insurance serves as the protection for that investment. It's your financial safety net. NerdWallet breaks it down: Covers Repairs and Rebuilding Costs: When storms, fires, or other covered events damage your home, insurance helps pay for repairs or even...

Mortgage Rates Hit a 3-Year Low. Why This Matters for South Jersey Homebuyers.   Are you one of the many South Jersey buyers waiting for mortgage rates to drop? Good news - it's happening now. Rates have crossed an important milestone. They recently dipped into the 5s for the first time in about 3 years. This marks a critical threshold for our local market. Rates currently sit in the low 6% range. Most...

The Credit Score Myth That's Stopping South Jersey Homebuyers Many would-be homebuyers in South Jersey aren't sitting on the sidelines because they don't want to buy. They're waiting because they think they can't qualify. Often, their credit score concerns hold them back. A recent Bankrate survey revealed that 42% of Americans believe you need excellent credit to qualify for a mortgage. This belief shows...

Expert Forecasts Point to Affordability Improving in 2026 for South Jersey Homebuyers Wondering what to expect from the South Jersey housing market in 2026? You're not alone. For the past few years, affordability has been the biggest hurdle for most buyers and sellers. Many families in Medford, Audubon, and across our region have been waiting for better market conditions. The good news? Things are finally...

Thinking About Buying a Home in South Jersey? Ask These 5 Questions First. Deciding if you're ready to buy a home in South Jersey can feel overwhelming. You might worry about your finances, today's mortgage rates, and local housing prices. With so much to consider, how do you know when it's the right time to make your move? The truth is, while market conditions matter, your personal situation matters...

By Mike Lentz | The Mike Lentz Team – Keller Williams Realty Why is South Jersey’s 2026 housing market expected to improve? Three projections favor South Jersey’s 2026 housing market. Mortgage rates are expected to ease. Inventory has been climbing across Gloucester, Camden, and Burlington counties. Price growth has slowed enough that affordability is recovering. Buyers will see more...