Mortgage Delinquencies Fall Again

CoreLogic published their loan performance report. The percentage of domestic mortgage holders who were 6 months or more late on their mortgage payments fell in August 2022 to an all-time low of 2.8%. This compares to the percentage rate of 4.0 back in August 2021....

September Existing Sales for Monmouth & Ocean Counties

Monmouth County  Single Family Homes for September  Key Metrics       2021       2022      Change New Listings       701         621       – 11.4% Closed Sales      669         586       – 12.4% DOM*                   30           32        + 6.7% Median PX       ...

NJ Existing September Sales

The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another...

Supreme Court Rules CFPB Unconstitutional

Approximately 12 years from the time it was created, the Consumer Financial Protection Bureau, which was authorized through the Dodd-Frank Wall Street Reform and Consumer Protection Act, was ruled to be unconstitutional on October 22nd, 2022. The Bureau was...