Facebook no longer attracts teens. According to a recent Pew study, the Gen Z population is clearly connected digitally. The actual statistics from the Pew Research Center indicate that 32% of teens ages 13 to 17 years old use Facebook. This represents a significant...

The National Association of Home Builders (NAHB) issued their home builder confidence report for August, which dipped 6 percentage points to 49. This represents the builder sentiment for newly built single-family homes. This level represents the first time the index...

  Title Officer Counsellors Title Agency, an industry leading title agency, is looking for an experienced Title Officer with residential and commercial experience! Counsellors Title is one of the fastest growing title agencies in the state of New Jersey. Must...

There definitely needs to be a selling strategy beyond the price and when to hold the open house. If you are considering selling a home, there are a series of documents that are involved with the actual transaction including inspections, appraisals, disclosures and...

https://youtu.be/P3U3cG5opD4   Fast Facts ■ Much talk is being given to the possibility of a recession ■ The continued impact of inflation on the wallets of buyers ■ Consumer prices continue to rise ■ Continued hot labor market ■ Mortgage rates remain above the...

Fannie Mae’s Home Price Sentiment Index reported that in July it fell to 62.8; this is its lowest level since 2011. The report indicates that a small percentage, 17% of respondents, felt that it was a good time to buy a home in July. This was slightly down from 20% of...

Back in 2005 the share of subprime mortgages that were seriously delinquent increase from about 5.6% to 21% by July 2008. That's the kind of seismic economic disruption that reshapes a nation and an economy. This past May 2022, there were only 2.7 percent of mortgages...

The housing market will reflect a different configuration of correction moving forward. Even though prices seem to have eased in terms of the trajectory of appreciation, the inventory shortage and the constriction on building supplies will continue to make housing a...

Hudson County Single Family Homes for June Key Metrics       2021       2022     Change New Listings     176        125      – 29.0% Closed Sales      97        84      – 13.4% DOM*                  32           24       – 25.0% Median PX       $519K    $605K     +...

https://www.youtube.com/watch?v=sVhGW1pLM3g

Morris and Middlesex Counties Morris County Single Family Homes for June Key Metrics       2021       2022     Change New Listings       813         770     – 5.3% Closed Sales      694         528     – 23.9% DOM*                   31           22      – 29.0% Median...

Overall, inflation is a factor hitting all sectors of the economy, real estate included. Less week CoreLogic reported that the average home price increased by over 18% year-over-year. It appears that this rate is slowing as the rate from May to June was only .6%,...