Boomers Are the Buyers Now

The median sales price for a home sold in New Jersey in October climbed 10.7% over 2022 to $491,000. In addition, the number of homes sold fell nearly 16% to just 7,329 homes. This is creating quite a squeeze between price and availability, which leads us to the next...

New Home Construction Sentiment Falls Again

The National Association of Home Builders reported that it’s HMI, Home Market Index, fell in November six points to 34. This is the fourth consecutive monthly drop in builder confidence and sentiment, totaling a decline of 22 points since July 2023, which...