by Anthony | Aug 14, 2020 | Uncategorized
It feels like a virtual tug-of-war interest: rates drop and home prices pop. The pent-up demand that accumulated during the paused spring season is only creating an increasingly difficult and competitive home buying market. According to the National Association of...
by Anthony | Aug 13, 2020 | Uncategorized
Predicting where the market will go is always going to be a challenge, but in this market, where industry inventory is at record lows and mortgage rates are also at historic lows, buyers will always need to live somewhere. The other factor that is driving this real...
by Anthony | Aug 7, 2020 | Uncategorized
Passaic County Single Family Homes for May Key Metrics 2019 2020 Change New Listings 502 498 – 0.8% Closed Sales 283 230 – 18.7% DOM* 63 67 + 4.8% Median PX $345K $360K + 4.3% % of PX 98.8% 97.5% – 0.9% Inventory 1,389 743 – 46.5% Months Supply...
by Anthony | Aug 6, 2020 | Uncategorized
With the national median price of a home reported by the National Association of Realtors [NAR] to be $349,000, these levels have never been recorded before. According to the press release issued by the NAR, 48 of the 50 largest metropolitan areas reported...
by Anthony | Aug 5, 2020 | Uncategorized
The aftermath from the Aisha storm in New Jersey caused significant power outages. Coastal flood advisories were issued for the entire Jersey Shore until Wednesday 2 am. Despite the fact that there were just minimal road closings, hundreds of thousands of New...
