by Anthony | Jun 13, 2022 | Uncategorized
Record Premiums in 2021 Title insurance premiums for 2021 skyrocketed to $26.2 billion, representing a 35.9% increase over 2020 premiums. The $19.2 billion generated in 2020 was also one of the biggest years ever. The income for the industry also soared by 33.4%...
by Anthony | Jun 10, 2022 | Uncategorized
Inflation, inventory, and higher prices are creating a bottleneck for new home buyers to step into this fluid real estate market. According to the Mortgage Bankers Association, mortgage application volume fell for the week of June 3rd by 6.5%, representing the...
by Anthony | Jun 9, 2022 | Uncategorized
Truly, homeownership is one of these American phenomena. Mortgages only became generally available after the U.S. banking system came into being after the 1860s through the National Bank Acts. Another milestone was reached when Congress passed the Fair Housing Act of...
by Anthony | Jun 8, 2022 | Uncategorized
Union & Essex Counties Union County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 661 563 – 14.8% Closed Sales 387 349 – 9.8% DOM* 38 33 – 13.2% Median...
by Anthony | Jun 7, 2022 | Uncategorized
● The median listing price grew by 18.2% over 2021 ● Mortgage rates have eased in recent weeks ● But mortgage rates are still over 5% ● In many New Jersey Markets, the price trajectory has eased ● Inventory shortages continue to constrain the number of home sales ●...
