September Existing Sales Bergen and Passaic

Bergen and Passaic Counties Bergen County Single Family Homes for September Key Metrics 2021 2022 Change New Listings 833 659 – 20.9% Closed Sales 742 603 – 18.7% DOM* 32 34 + 6.3% Median PX $605K $654K + 8.1% % of PX 101.3%...

Paying the Right Price for a Home

Some markets are very sequential and ordered; but the market that we’ve been in for the last nearly 3 years is anything but normal. As a matter of fact, normal isn’t even used when discussing a property. In a recent article in Money magazine, approximately...

Existing Home Sales Fall to 2010 Level

 ■ GDP growth trends GDP increased this past quart  ■ Durable goods trends: orders for durable goods increase  ■ Labor market trends, unemployment trends unemployment claims climbed to 217K, continuing claims also increase to 1,438,000 + 55K  ■ Inflation trends...

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....