by Anthony | Feb 7, 2018 | Uncategorized
Sales of residential real estate in New Jersey rose to $38.3 billion in 2017, which is a 10% increase from the prior year. Purchase contracts in New Jersey hit a 12-year high in 2017, with 115,237 contracts recorded, a 5% increase compared to the 109,471 home sales...
by Anthony | Feb 6, 2018 | Uncategorized
Pending home sales nuzzled-out half-a-percent gain in December. Most believe that the inventory shortages which are plaguing the markets is the primary reason for the slowing sales. According to agents, the supply shortage is creating a higher percentage of the listed...
by Anthony | Feb 5, 2018 | Uncategorized
New Jersey was able to post positive results for all categories on a comparative basis in 2017. New listings, pending sales, closed sales, median sales price, average sales price, percentage of price received and affordability all showed improvement. ■ New Listings +...
by Anthony | Feb 2, 2018 | Uncategorized
The rate of homeowership in the nation continues to improve. The U.S. Census reported that the national homeownership rate reached its highest level since the fourth quarter of 2014. The government agency posted a slight increase in the fourth quarter of 2017 to...
by Anthony | Feb 1, 2018 | Uncategorized
According to a report issued by S&P Dow Jones Indices and CoreLogic U.S. home prices increased in November at a faster pace than the previous month. “Home prices continue to rise three times faster than the rate of inflation,” said David Blitzer, S&P Dow Jones...
