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...
by Anthony | Sep 26, 2022 | Uncategorized
Unemployment claims for week of 9/17 totaled 213,000 +5,000 Continuing claims 1,379,000 were down by 22,000 Inflation is at a 40-year high Mortgage frates for the 30-year fixed rate came in at 6.29% Rising interest rates have cost the average buyer spend $900 more...
by Anthony | Sep 23, 2022 | Uncategorized
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