Check list after winter storm

🏠 Landlord vs. Tenant Single-Family · Duplex · Townhouse What’s the Same—and What’s Different? One of the most common questions property owners ask is:“Is this my responsibility, or is it the HOA’s responsibility?” Especially during the winter season, maintenance and damage issues arise more frequently.Responsibility can vary depending on the type of property, so understanding these differences in advance is essential. 🔍 Items That Apply to Almost All Property Types 1️⃣ Frozen Interior Pipes (Lease Agreement Review Required) For frozen pipes, the first step is always to review the lease agreement to determine shared or assigned responsibility. If the lease states that the tenant is responsible for maintenance, the landlord cannot avoid responsibility if the damage was caused by the tenant’s failure to properly manage heat or water use. However, pipes located in: Garages Basements Exterior walls Main interior plumbing systemsare almost always considered the owner’s responsibility. 2️⃣ Heating Systems & Venting Each unit’s boiler, furnace, and venting system—including blocked exhaust—are…

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Check list after winter storm
뉴저지 부동산 Richard Choi

2026 Housing Market Surprise: Mortgage Rates Dip Below 6%

1️⃣ The "5.8% Forecast": Breaking the Psychological Barrier For a long time, the 6% mark has been a major psychological hurdle for buyers. Thanks to the government-sponsored enterprises (GSEs) stepping in to purchase $200 billion in MBS, we are seeing a direct downward pressure on rates. The New Reality: While we previously expected rates to average 6.1%, the new forecast for 2026 is now 5.8%. Immediate Impact: Mortgage News Daily already recorded a 30-year rate of 5.99% last week. Monthly Savings: A 0.33% reduction in rates translates to approximately $60 in monthly savings on a typical new mortgage. Over time, this significantly increases your total purchasing power. 2️⃣ More Houses on the Market, More Buyers in the Game The "Rate-Lock Effect"—where sellers stay put because they don’t want to give up their low pandemic-era rates—is finally beginning to ease. Increased Listings: As market rates fall closer to sellers' original locked-in rates, more homeowners are feeling comfortable listing their homes and moving.…

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2026 Housing Market Surprise: Mortgage Rates Dip Below 6%
New Jersey Realtor Richard Choi

Trump’s Call to Ban Wall Street from Buying Homes

5 Surprising Truths Behind the Headline For many American families, the dream of homeownership—the American Dream—feels increasingly out of reach. Single-family home prices have surged, wages have not kept pace, and frustration is mounting. In this climate, Donald Trump has proposed a dramatic solution: banning large institutional investors from purchasing single-family homes. The message is politically powerful and immediately understandable. It identifies a clear villain and promises swift relief. Yet the reality of the U.S. housing market is far more complex. Behind the headlines are facts that challenge common assumptions—and reveal why this proposal may oversimplify a deeply structural problem. Below are five critical truths behind the debate. 1. “Wall Street” Owns Far Less Than Most People Think The first disconnect between rhetoric and reality lies in scale. Large institutional investors—the primary targets of Trump’s proposal—own only a small fraction of the U.S. single-family housing stock. Most estimates place their share at approximately 1–3% of all single-family homes, or about 2%…

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Trump’s Call to Ban Wall Street from Buying Homes
New Jersey Best Realtor Richard Choi