Mortgage Apps Jump 11 Percent

The Mortgage Bankers Association reported that mortgage applications for new home purchases increased 10.9% compared to May 2019 figures. From a 2020 perspective, the number of new mortgage applications rose by 26% compared with figures from April 2020. “The...

Negative Equity Falls by a Quarter of a Trillion

Negative equity fell by $284 billion by the end of the first quarter of 2020. These results continue the improvement that was reported back in the 4th quarter of 2019 where negative equity fell by $286 billion. The year-over-year reduction in negative equity came to...

Expectations for a VERY HOT Summer Market

A year ago who would have considered that an unemployment rate of 13.3% would be considered a positive development? But then one year ago, who would have considered that we would have been dealing with a pandemic for the last 3 months? Many of the real estate experts...

NJ Governor Lifts Stay-at-Home Order

A new executive order was issued by New Jersey Governor Phil Murphy, reducing the closures dictates originally issued back in mid-March. This announcement allows for indoor gathering of 25% of the building capacity or 50 people total.The limit on outdoor gatherings is...