by Anthony | Jan 31, 2020 | Uncategorized
Freddy Mac reported that mortgage rates fell to the lowest level in three months. What is unusual is that December proved to be a very strong month for sales and increases in the median home price, especially in New Jersey. The average 30-year fixed-rate hit 3.6% for...
by Anthony | Jan 30, 2020 | Uncategorized
One of the residual benefits of remaining in a home longer is the appreciation of the property. This is especially true in a strong market. Year-over-year, the average prices for homes nationwide have climbed significantly. The true benefit of the growth of homeowner...
by Anthony | Jan 29, 2020 | Uncategorized
Getting into the market, specifically the real estate market, requires crossing a number of thresholds financial thresholds. For lenders, credit scores still play a big part of the process. Lenders differ, but most require a 620 score, with 580 representing the floor...
by Anthony | Jan 28, 2020 | Uncategorized
Middlesex County inventory fell to just 2.8 months supply while closed sales in Morris County surged by nearly 20%. Morris County Single Family Homes for December Key Metrics 2018 2019 Change New Listings 269 264 –1.6% Closed Sales 356 426 + 19.7% DOM* ...
by Anthony | Jan 27, 2020 | Uncategorized
Ocean County posted the most dramatic changes y-o-y with new listings plunging 18.6%, inventory collapsing over 25% and months of inventory falling to just 4 months. Monmouth County Single Family Homes for December Key Metrics 2018 2019 Change New Listings 435 372 ...
