by Anthony | Jun 3, 2020 | Uncategorized
CoreLogic reported that whole prices on a national basis increased 5.4% in April year-over-year. The price increase is considered to be again the combination of a number of factors: the extreme crisis in inventory shortages, low mortgage rates and finally pent-up...
by Anthony | Jun 2, 2020 | Uncategorized
Morris County Single Family Homes for April Key Metrics 2019 2020 Change New Listings 913 657 – 28.0% Closed Sales 329 309 + 1.4% DOM* 71 72 + 1.4% Median PX $411K $445K + 8.1% % of PX 97.1% 97.6% + 0.5%...
by Anthony | Jun 1, 2020 | Uncategorized
Home buyers are reflecting an invasion of interest in buying homes based upon the spike in new purchase mortgages. This reflects a 54% spike in mortgage applications since early April. The number of refinance applications showed little change, but reflected a...
by Anthony | May 29, 2020 | Uncategorized
Union County Single Family Homes for April Key Metrics 2019 2020 Change New Listings 850 288 – 66.1% Closed Sales 373 308 – 17.4% DOM* 56 53 + 5.4% Median PX $369K $449K + 21.9% % of PX 99.0% 99.0% + 0.0% Inventory 1,805 1,053...
by Anthony | May 28, 2020 | Uncategorized
Monmouth County Single Family Homes for April Key Metrics 2019 2020 Change New Listings 1,270 440 – 64.5% Closed Sales 506 491 – 3.0% DOM* 68 61 – 10.3% Median PX $429K $485K + 13.1% % of PX 97.2% 97.8% + 0.6% Inventory 3,139 2,025 – 35.5%...
