by Anthony | May 7, 2021 | Uncategorized
Pending home sales increased in March 2021 from February pending home sales. A great deal of the increase reflects the growth of new home listings that came on the market during the month of March. February and January pending sales reflected the shortage of inventory...
by Anthony | May 6, 2021 | Uncategorized
The Escalation Clause First of all, escalation clauses are permissible in the state of New Jersey. In a bidding war, buyers and sellers have to adapt to the market’s temperature. More buyers are using escalation clauses when making an offer to purchase a home....
by Anthony | May 5, 2021 | Uncategorized
For the last 18 months, home prices have been increasing at an unrelenting rate. In many New Jersey counties, the average home price increased by 20% or more. New Jersey March Median Price Changes Monmouth County + 22.3% Ocean County + 24.$% Middlesex County + 17.7%...
by Anthony | May 4, 2021 | Uncategorized
Bergen County Single Family Homes for February Key Metrics 2020 2021 Change New Listings 880 1,007 +14.4% Closed Sales 488 652 + 35.7% DOM* 66 50 – 24.2% Median PX $510K $590K + 15.7% % of PX 92.4% 99.8% + 1.6% Inventory 2,690 1,287...
by Anthony | May 3, 2021 | Uncategorized
Will the surge in demand for residential housing result in malls being converted into housing? Mall vacancies continue to increase and retailers look for other ways to sell their goods. According to Moody’s Analytics, the vacancy rate for regional malls in the...
