More People Own Homes Without a Mortgage

The number of people in New Jersey who own their home outright has increased dramatically over the last decade or so. According to U.S. Census figures from 2022 the numbers show that 36.7% of homes in New Jersey are owned outright, no mortgage or home equity loan....

Where Are People Moving To?

Where are people moving? Nationwide, 24% of homebuyers searched to move to a different metro area between Nov ’23 – Jan ’24. The top 5 states homebuyers searched to move to were Florida, North Carolina, Arizona, Tennessee, and South Carolina while...

Single-Family Construction Is Holding Up

Construction: News from the National Association of Home Builders and U.S. Census Though housing starts fell, which includes multifamily and single-family statistics, single-family permits are rising. From U.S. Census Housing Starts: Privatelyâ€owned...

New Jersey Real Estate Inventories Vary

Some of the early data hitting the real estate market for January’s activity shows that on a comparative basis, half of New Jersey counties posted fewer new listings than 2023. In seven New Jersey counties that number was 10% less than there had been in 2023....