by Anthony | May 21, 2020 | Uncategorized
It’s spring again. Not that it feels like it, but the spring buying season appears to have finally started. According to the Mortgage Bankers Association, mortgage applications for home purchases increased by 6% last week from the prior week. And despite the...
by Anthony | May 20, 2020 | Uncategorized
The impact from social distancing and the COVID-19 pandemic in general is being felt on rentals, especially in areas of high density. In some areas of New York City, the spread of this disease has effectively outlawed in-person home showings. Some results are being...
by Anthony | May 19, 2020 | Uncategorized
Approximately 4.7 million mortgages are in some stage of forbearance at this point. This represents approximately 8.8% of all home loans. The number of borrowers with secured agreements to delay payments rose from 4.5 million to 4.7 this week. This translates into...
by Anthony | May 18, 2020 | Uncategorized
Governor Phil Murphy announced that New Jersey’s beaches would reopen on May 22nd. This was an action taken in light of the fact that the shore economy was dependent upon its reopening. There was some concern that the beaches would not open until much later in...
by Anthony | May 15, 2020 | Uncategorized
According to the Mortgage Bankers Association, buyer demand continues to keep the number of mortgage applications rising on a regular basis. As more and more states are opening up for business, the housing sector appears to be gaining some momentum, reflecting...
