Singled out are the town’s numerous places to dine, including St.
James’s Gate, Arturo’s, Lorena’s, Coda Kitchen, Wild Ginger, Bill and
Harry’s, Mt. Fuji Sushi and Maplewood Deli.
Tenth Muse is called a “drool-worthy gallery-cum-boutique” and Perch
receives a shout-out for its “eclectic mix of home accessories, wall
art, women’s clothing, jewelry and gift items.”
Also highlighted are the town’s many events, including Rent Party, Art Walk, Dickens Village and Maplewoodstock.
The article also notes that Maplewood is “working to assure that
redevelopment of the old downtown post office doesn’t disrupt the
According to a press release from the magazine, the choices were
based on such factors as ambience, architecture, attractions and
amenities such as dining and shopping. Starting Sept. 1, the magazine
will launch the first “Downtown Showdown,” a bracket-style elimination
competition where readers can vote on NJ Monthly’s website for their favorite downtown.
“The Village Alliance will be working with the Township to get the
word out and encourage residents to vote for Maplewood,” said Doran in
an email. “Let’s show the state that we not only have the best downtown
but that we have most town spirit as well!”
Also on the list were Montclair, Summit, Westfield and more. The issue is available on newsstands beginning Aug. 25.
are often puzzled when faced with deciding how much homeowners
insurance to purchase. Mortgage companies and banks require insurance
for those seeking loans to buy a home, but is it enough? What if you do
not have a loan from a bank — do you still need homeowners insurance?
Although states generally do not require homeowners to carry
insurance, having enough homeowners insurance to cover losses and
liabilities is a must for most homeowners. (If you have a mortgage, your
lender almost certainly requires you to carry insurance.) A homeowners
policy, also called an HO-3, can offset the cost of major repairs due to
fires and other catastrophes, as well as cover your personal assets if a
visitor to your home is injured. In order to assess how much homeowners
insurance to carry, use these simple steps to estimate your coverage
Ask yourself these five questions to estimate your homeowners insurance coverage needs.
Actual Value Versus Replacement Cost
When discussing the value of items in your home with an insurance agent, two terms may come up that you should know. Actual value
refers to the value today of an item in your home. Many items such as
clothing, furniture and electronics depreciate in value the minute
they're brought home from the store. The actual value of the item is the
value today if you chose to sell it. Replacement cost, on the
other hand, is the value of the item if you had to replace it. Always
choose replacement cost (if possible) for better coverage.
Families with significant financial assets may wish to obtain an
umbrella policy in addition to automotive and homeowners insurance. An
umbrella policy covers excess damages from both home and auto claims
when they exceed the value of the respective policies. Like an umbrella
covering you on a rainy day so you don't get wet, it covers your
personal assets in the event of a catastrophe. Most umbrella policies
require you to obtain coverage with the same firm that handles both your
auto and homeowners insurance.
With the right insurance coverage, you can sleep at night knowing that you, your family and your property are covered.
(May 28, 2015) — Pending home sales rose in April for the fourth
straight month and reached their highest level in nine years, according
to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions saw increases in April.
The Pending Home Sales Index,*
a forward-looking indicator based on contract signings, increased 3.4
percent to 112.4 in April from a slight upward revision of 108.7 in
March and is now 14.0 percent above April 2014 (98.6) — the largest
annual increase since September 2012 (15.1 percent). The index has now
increased year-over-year for eight consecutive months and is at its
highest level since May 2006 (112.5).
NAR chief economist, says the steady gains in contract activity each
month this year highlight the fact that buyer demand is strong.
"Realtors® are saying foot traffic1 remains elevated this
spring despite limited — and in some cases severe — inventory shortages
in many metro areas," he said. "Homeowners looking to sell this spring
appear to be in the driver's seat, as there are more buyers competing
for a limited number of homes available for sale."
Adds Yun, "As a result, home prices are up and accelerating in many markets."
Following April's decline in existing-home sales,
Yun expects a rebound heading into the summer, but the likelihood of
meaningful gains will depend on a much-needed boost in inventory and
evidence of moderating price growth now that interest rates have started
"The housing market can handle interest rates well above
4 percent as long as inventory improves to slow price growth and
underwriting standards ease to normal levels so that qualified buyers —
especially first-time buyers — are able to obtain a mortgage."
falling four straight months, the PHSI in the Northeast bounced back
solidly (10.1 percent) to 88.3 in April, and is now 9.4 percent above a
year ago. In the Midwest the index increased 5.0 percent to 113.0 in
April, and is 13.3 percent above April 2014.
Pending home sales in
the South rose 2.3 percent to an index of 129.4 in April and are 14.8
percent above last April. The index in the West inched 0.1 percent in
April to 103.8, and is 16.4 percent above a year ago.
existing-home sales in 2015 are forecast to be around 5.24 million, an
increase of 6.1 percent from 2014. The national median existing-home
price for all of this year is expected to increase around 6.7 percent.
In 2014, existing-home sales declined 2.9 percent and prices rose 5.7
The National Association of Realtors®, "The Voice for
Real Estate," is America's largest trade association, representing 1
million members involved in all aspects of the residential and
commercial real estate industries.
# # #
1According to NAR's April Realtors® Confidence Index (RCI), the Buyer Traffic Index
rose to 69 (66 in March 2015; 63 in April 2014). An index greater than
50 indicates that more respondents viewed traffic as "strong" than those
who viewed traffic as "weak."
*The Pending Home Sales Index is a
leading indicator for the housing sector, based on pending sales of
existing homes. A sale is listed as pending when the contract has been
signed but the transaction has not closed, though the sale usually is
finalized within one or two months of signing.
The index is based
on a large national sample, typically representing about 20 percent of
transactions for existing-home sales. In developing the model for the
index, it was demonstrated that the level of monthly sales-contract
activity parallels the level of closed existing-home sales in the
following two months.
An index of 100 is equal to the average
level of contract activity during 2001, which was the first year to be
examined. By coincidence, the volume of existing-home sales in 2001 fell
within the range of 5.0 to 5.5 million, which is considered normal for
the current U.S. population.