CoreLogic Forecasts Easing of Home Prices

The projections for 2021 are not going to be as ebullient at the end of 2021 as they ended in 2020, according to CoreLogic. The report stated that “Home prices nationwide, including distressed sales, increased year over year by 9.2% in December 2020 compared...

Bergen and Passaic County December Sales

Bergen County Single Family Homes for December Key Metrics 2019 2020 Change New Listings 396 452 + 14.1% Closed Sales 605 944 + 56.0% DOM* 68 45 – 33.8% Median PX $487K $575K + 17.9% % of PX 97.3% 99.8% + 2.6% Inventory 2,555 1,414...

February Nor’easter Strikes New Jersey

A major nor’easter hit the East Coast on Sunday morning and continued through Tuesday with high winds and gusts up to 50mph. New Jersey Governor Phil Murphy declared a state of emergency, suspending all trains and buses and restricting travel on highways....

Millennials and FICO Scores for 2021

Up until this point, neither pandemics or disruptions in economies appear to have any effect upon the surge of buyers in the real estate market throughout 2020. At perhaps no other time in recent memory have prices escalated at such an aggressive rate. In many...

NJ Sales for Union & Essex Counties

Union County Single Family Homes for December Key Metrics 2019 2020 Change New Listings 265 280 + 5.7% Closed Sales 433 517 + 19.4% DOM* 57 40 – 29.8% Median PX $400K $443K + 10.8% % of PX 98.4% 101.4% + 3.0% Inventory 1,210 618 – 48.9% Months Supply 3.0...