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Cape May Realtor | TERESA DIPESO JERSEY SHORE REAL ESTATE BLOG

Saturday, July 13, 2024   /   by Teresa DiPeso

No Income Tax Could End Up Costing You More

Many Americans looking to increase their savings might consider relocating to one of the nine states that impose no income tax on their residents: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. However, while these states offer a reprieve from income taxes, this doesn't necessarily translate into overall savings. In fact, the cost of living in these areas is rising rapidly, particularly evident in home prices. According to economist Hannah Jones, nationwide data from Realtor.com® reveals a staggering 46.6% average increase in home list prices from May 2019 to May 2024.
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Interestingly, two-thirds of the states without income tax experienced even higher price growth. Wyoming saw the most substantial rise at 82.0%, followed by New Hampshire (+76.5%), South Dakota (+65.0%), and Tennessee (+52.7%) over the past five years. Despite some states like Texas (+26.7%), Washington (+35.6%), and Flo? ...

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Friday, July 12, 2024   /   by Teresa DiPeso

Cape May County Park & Zoo Receive Massive Donation

The Cape May County Board of County Commissioner announced that the Zoo received a significant donation from a longtime friend and supporter. Charles Muller, from Edison, New Jersey, bequeathed his entire estate to the County Zoo/Zoological Society. Muller and his wife, Elizabeth, first visited the Zoo in the early 2000s and developed a deep affection for it.  
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(Cotton-top Tamarins)
One of their favorite animals was Rocky, the Siberian tiger, who sadly passed away in June 2017. Over the years, the couple made donations to the Zoo. After Elizabeth’s passing in 2010, Muller continued to visit and formed a friendship with Michael Laffey, the former Director of Parks. Muller enjoyed behind-the-scenes tours with Laffey and expressed an interest in contributing to the Zoo. 
Charles Muller, born in New York on May 20, 1929, passed away on September 29, 2022, at the age of 93. In his Will, he made a provision for the care of the animals at the Cape May County Zoo. ? ...

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Tuesday, July 9, 2024   /   by Teresa DiPeso

Why Pricing Matters So Much For Home-Sellers

If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing.
While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right.

In Cape May County, most recent sales data (May 2024) shows that, year-to-date, sold home prices have increased about 9%.  However, pay attention to the "percentage of list price received", which is about 98%.  This means that homes sold are pricing competitively enough to receive nearly full asking price.  It also important for buyers to know that they will have to prese? ...

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Saturday, June 22, 2024   /   by Teresa DiPeso

Your Own Beach Home Is The Ultimate Summer Upgrade

Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.
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An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below): 
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Vacation destination or a place to get away from the stresses of everyday life (81%) – Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines and stressors. It also means you won’t have to worry about finding somewhere to stay when you go there.


Better weather (49%) – Buying in a place where there may be nicer weather can be a great escape, especially if it’s cold or rainy where you usual? ...

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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
5901 New Jersey Ave
Wildwood Crest, NJ 08260
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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