New Jersey Towns Paying the Most Taxes

by | Jun 15, 2022 | Uncategorized

1. Millburn – a suburban township in Essex County, came in first in the highest average property tax bill of $24,485 in 2021. 2. Demarest – had the highest average property tax bill in Bergen County, paying $21,983 on average. 3. Tenafly – another Bergen County...

Title Insurance Premiums Hit Record $26 Billion

by | 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%...

Mortgage Apps Hit 22-Year Low

by | 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...

June is National Homeownership Month

by | 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...