by Anthony | Oct 3, 2022 | Uncategorized
Market Update from 9/30/2022 Inflation trends – the Fed expects to continue to raise rates Inflation continues to be a negative factor, which the Fed believes it can control by raising interest rates. Unemployment trends – Initial claims for 9/24 fell to...
by Anthony | Sep 30, 2022 | Uncategorized
FREE Tour of Battery Lewis Saturdays & Sundays, October 1 & 2, 8 & 9, and 15 & 16 from 12-4 p.m. Hartshorne Woods Park, Highlands – Rocky Point section Tour the restored Historic Battery Lewis and learn about the history of this important former...
by Anthony | Sep 29, 2022 | Uncategorized
Monmouth County Single Family Homes for August Key Metrics 2021 2022 Change New Listings 849 809 – 4.7% Closed Sales 721 621 – 13.9% DOM* 31 24 – 22.6% Median PX $610K $675K + 10.6% % of PX 102.8% 102.3%...
by Anthony | Sep 28, 2022 | Uncategorized
Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the...
by Anthony | Sep 27, 2022 | Uncategorized
The Federal Reserve believes that the present housing market needs a correction. Jay Powell indicated that the level of appreciation is moving at an unsustainable level and was looking through Jed policies to reduce inflation within residential real estate. By raising...
