NJ Median Single Family Home Price Rises

Home prices were consistently up again in most markets in 2018 but at reduced levels compared to recent years. High demand for few homes for sale fueled price increases, but evidence is mounting that inventory will finally improve in 2019. This may apply some downward...

Existing Home Sales Fall in December

The National Association of Realtors reported that existing home sales fell by 6.4%, to a seasonally adjusted rate of 4.99 million units in December. This represents the lowest level of home sales since November 2015. Despite the slower number of sales, the price for...

NJ $15 Minimum Wage

Last week Governor Murphy of New Jersey and the legislature agreed to raise the minimum wage to $15 by the year 2024. This places New Jersey alongside of California, New York and Massachusetts as other states which raised the minimum wage to double the Federal minimum...

NY Loses & NJ Gains

Trends to Track – The impact of the recent economic growth has many ramifications, one of which often is reflected in the real estate values throughout each region. In 2017, New York City had 143,000 people move out. This was the first time since 2007 who there...