🔍 Spotlight
Since March 2022, the U.S. central bank has hiked interest rates at an aggressive pace not seen since the 1980s to a two-decade high of 5.25 to 5.5 percent current range. This has pushed up the cost of borrowing for mortgages to its most expensive in 20 years. That policy move was geared to help slow down inflation, which still sits above the Fed's target of 2 percent link
“Mostly, we think the housing market is going to improve over the next half of the year,” Glenn Kelman, chief executive of Redfin, a real estate brokerage site, said on a May 22 appearance on CNBC’s “Money Movers.” link
The 30-year fixed-rate mortgage slid to 6.99% on June 6 after climbing to 7.22% on May 20, according to Freddie Mac data via the Federal Reserve. “Mortgage rates are down a bit from May highs, but that hasn’t spurred a surge of competition among buyers in the housing market,” Divounguy said. Affordability remains a top priority for buyers and rates stayed above 7% for long. link
⚡Inspiration
Have you considered color analysis done to figure out your home’s perfect palette?
Julie Vadnal a design editor used this technique to transforms her Brooklyn apartment when she first moved-in. She says “I was going to make a slideshow filled with inspiration photos, room by room, incorporating pieces I already had with wish-list items. Most important, I would have a palette, and no item would stray from my designated color scheme. After all, isn’t this what interior designers do? link
📸 Future Dwelling
Cozy views into the mountains of Delaware River
This cozy, mountain-top N.J. house has an amazing view and a moderate price tag. It’s a two bedroom, two bathroom faux log home perched atop Mt. Nebo in Milford. It has breathtaking views of the Delaware River out the whole backside of the house and from the patio and pool. The home is located on the top of Mt. Nebo where there are only a few homes. It’s in Milford, a 1.27 square mile town with a population of about 1,200 people, according to U.S. Census data.
The median sales price of a home in Milford was $427,500 as of April, according to the most recent data available from New Jersey Realtors.
Cozy views into the mountains of Delaware River
