by Anthony | Jan 26, 2023 | Uncategorized
In December 2022, 40.5% of homes in New-Jersey sold below list price, down 8.8 points year. Monmouth County Single Family Homes for December Key Metrics 2021 2022 Change New Listings 312 254 – 18.6% Closed Sales 606 ...
by Anthony | Jan 25, 2023 | Uncategorized
2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales...
by Anthony | Jan 24, 2023 | Uncategorized
Despite the fact that interest rates have doubled over the last 12 months, inventories have contracted by double-digits from 2021, and inflation has torn apart most prospective buyers’ budgets, existing home sales totaled 5.02 million in 2022. On a...
by Anthony | Jan 23, 2023 | Uncategorized
A total of 324,237 U.S. properties reported foreclosure filing in 2022, which is up 115% from 2021. This number is only 89% of the 2.9 million foreclosures reported in 2010 in the midst of the crash. The 324,237 foreclosure properties in 2022 total 0.23% of all U.S....
by Anthony | Jan 20, 2023 | Uncategorized
This Week’s Title Wise Newsletter What is the economic health of New Jersey’s real estate industry? Some hard facts: inventory still remains at record low levels. Homeowner equity due to the recent surge in prices during the COVID breakout is still very...
