Biltmore Estate 

The Biltmore Estate in Asheville, North Carolina is the largest home in the U.S. It boasts 175,000 square feet on 8,000 acres and it's estimated value is $155 million dollars. However, the entire Biltmore Estate including the hotels, restaurants, conservatory, outbuildings, etc, is estimated to be worth $344 million dollars.

Construction was completed in 1895 for George Washington Vanderbilt II, an art collector and member of the prominent Vanderbuilt family who gained huge fortune through steamboats, railroads and various business enterprises.
Click here to learn more how the Vanderbilt family has created a destination
for visitors including site & history tours, wine tastings, trail rides,
clay shooting, bird watching, and more.
Homes for Sale
COMING SOON
Victoria Drive
Flanders, NJ
COMING SOON
Franklin Place
Morris Plains, NJ
COMING SOON
Musiker Ave
Randolph, NJ
Contact us here for more information or to request a showing
of these and/or other properties in your desired area.
If you've been happy with a home purchase or home sale with
Doug Collinson Real Estate Group, we'd greatly appreciate your referrals.
A large part of our business is repeat clients or referrals which speaks volumes
on our real estate expertise, core business values, and customer service.
We still have Complimentary Fabric Tote Bags in stock!

These 100% recycled tote bags are great for groceries, are convenient to use and have a compacted/foldable design. Let's all do our part in helping the environment! 

click here to contact us to arrange pickup or delivery.
In this issue of "Doug Talks..."

It's Not Too Late to Capitalize
on a Historic Market

While most real estate professionals are in agreement that the market has cooled from its white-hot levels we experienced in the past 2 years, it is certainly not too late for sellers to capitalize on the best sellers’ market we have seen in a generation. The market has remained strong in spite of steady downward pressure as the US recovers from the effects of the Covid-19 Pandemic, fights historic inflation and rising interest rates. These huge economic pressures have been held off by record low inventory. The real estate market is one of the oldest examples of Supply and Demand Economics, and the shortage of houses to sell has allowed prices to continue to appreciate. Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week. Seller activity is also picking up. 
 
Pending home sales posted their smallest decline since September during the four weeks ending February 5th, falling 20% from a year earlier, and mortgage-purchase applications rose 3% from a week earlier. The Homebuyer Demand Index – a measure of requests for tours and other services – hit its highest level since September.
More homes are hitting the market to meet increasing demand; new listings dropped 17% from a year earlier, but that’s the smallest decline in over four months.
 
Although mortgage rates increased this week, they’re still down roughly a full percentage point from the peak they reached at the end of 2022. Rates coming down from their peak is the main reason buyers have started coming off the sidelines.
 
We can all speculate on how long this sellers’ market will last, but it will definitely be a hard prediction to make. Consumer confidence has remained strong and demand for housing has not waned. If you are considering selling your home, this may be one of your last chances to sell at the height of the market price.

Click here to get your instant property value in todays current market.
The "Doug Talks..." section will be featured in our monthly real estate email
and will include articles and/or videos showcasing some aspect of
home improvement, construction, or design.
3 Factors that affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares “...with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could show resilience in 2023.” The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one. click here for full article.
Are in person home tours a thing of the past?

In this modern era, many technological advancements have long moved past utilitarian purposes and are instead designed for convenience and comfort. But with the onset of stay-at-home orders and social distancing in the early days of the pandemic, what was merely convenient suddenly became essential and contactless technologies became commonplace.

Although made necessary by the pandemic, these technologies have been present in society for quite some time. Take grocery stores, for example—automated self-checkout rose to prominence in the early 2000s, online grocery shopping started in the late 1990s and the first no-checkout stores showed up in 2018. This trend toward contactless technologies is also increasingly found in real estate. In particular, advancements in virtual technology have changed the way that homebuyers view and tour prospective properties. click here for full article.
Doug Collinson Real Estate Group
44 Whippany Rd, Suite 230, Morristown, NJ 07960
Office (973) 539-1120

Doug Collinson Cell: (973) 214-0347
Doug Collinson Email: dtcollinson@gmail.com
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