by Anthony | Aug 15, 2022 | Uncategorized
Fast Facts ■ Much talk is being given to the possibility of a recession ■ The continued impact of inflation on the wallets of buyers ■ Consumer prices continue to rise ■ Continued hot labor market ■ Mortgage rates remain above the 5% mark making home purchases...
by Anthony | Aug 12, 2022 | Uncategorized
Fannie Mae’s Home Price Sentiment Index reported that in July it fell to 62.8; this is its lowest level since 2011. The report indicates that a small percentage, 17% of respondents, felt that it was a good time to buy a home in July. This was...
by Anthony | Aug 11, 2022 | Uncategorized
Back in 2005 the share of subprime mortgages that were seriously delinquent increase from about 5.6% to 21% by July 2008. That’s the kind of seismic economic disruption that reshapes a nation and an economy. This past May 2022, there were only 2.7 percent of...
by Anthony | Aug 10, 2022 | Uncategorized
The housing market will reflect a different configuration of correction moving forward. Even though prices seem to have eased in terms of the trajectory of appreciation, the inventory shortage and the constriction on building supplies will continue to make housing a...
by Anthony | Aug 9, 2022 | Uncategorized
Hudson County Single Family Homes for June Key Metrics 2021 2022 Change New Listings 176 125 – 29.0% Closed Sales 97 84 – 13.4% DOM* 32 24 – 25.0% Median PX $519K $605K + 16.6% % PX Rec’d...
