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Ralph’s Blogs

Inflation, Rates and the Fed

In this video, Manager of Economic Research George Ratiu discusses the shifts taking place in the economy and how they are impacting the housing markets. Mr. Ratiu covers the number of factory orders, which declined for the first time in 10 months, pointing out that...

Title Insurance Is Protection

Insurance is there to protect your investment. Title insurance is no different. Though title insurance is often an overlooked part of the home buying process, it's an important one. The problem is that many people don't even know where to begin their research. Click...

The New Normal – Tight Inventory and Higher Rates

CoreLogic reports 12 consecutive months of annual home price increases. The home price increases are only further complicated by the rising mortgage rates that have crossed the 5% line. Except for a few days in 2018, mortgage rates have been below the 5% benchmark...

5 Marketing Tactics for Spring 2022

Marketing is a skill, not just a business card or a headshot. A marketer knows that things change; like a sailboat can weather stormy seas because it is capable of leveraging the winds of change in order to navigate to its final destination. In the book How to Survive...

Manhattan Cash Purchases Skyrocket in Q1

According to the recent numbers, in light of the rising interest rates, deep-pocket buyers went deep into the New York City real estate market with respect to purchases in the first quarter of 2022. According to reports, over 47% of all real estate purchases in...

February Hudson County Sales

Hudson County Sales  February                 2021    2022   Change New Listings           113       105       - 7.1%Closed Sales             92        87       - 5.4% DOM                         44        49        + 11.4% Median PX             $450K $465K     +...

February Union & Essex County Sales

Union & Essex Counties  Union County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       435         316     – 27.4% Closed Sales      389         313     – 19.5% DOM*                   37           38      + 2.7%...

February Bergen & Passaic County Sales

Bergen and Passaic Counties  Bergen County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       639         596     – 6.7% Closed Sales      511         413     – 19.2% DOM*                   56           55      – 1.8%...

February Morris & Middlesex County Sales

Morris and Middlesex Counties  Morris County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       432         406     – 6.0% Closed Sales      331         274     – 17.2% DOM*                   49           42      – 14.3%...

February Monmouth & Ocean County Sales

Monmouth County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       598         537     – 10.2% Closed Sales      444         359     – 19.1% DOM*                   53           46      – 13.2% Median PX        $550K   ...

February New Jersey Existing Home Sales

The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest rates, as...

CoreLogic Reports Surge in Existing Home Prices

January Existing Home Prices Skyrocket 19.1% CoreLogic reported that in January existing home prices soared 19.1% year-over-year. Despite severe inventory constraints home buyers continue to pour into the market, driving prices up to new record levels. Most likely...

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