by Anthony | Apr 28, 2020 | Uncategorized
Monmouth County Single Family Homes for March Key Metrics 2019 2020 Change New Listings 1,115 769 – 31.0% Closed Sales 457 484 – 5.9% DOM* 68 62 – 8.8% Median PX $425K $445K + 4.7% % of PX 97.3% 97.4% + 0.1%...
by Anthony | Apr 27, 2020 | Uncategorized
As COVID-19’s impact spread across the country in March, the stock market declines started in February accelerated downward before recovering a bit in the last week of the month. With volatility across all the financial markets, lenders began...
by Anthony | Apr 24, 2020 | Uncategorized
The recent Fannie Mae report projects that home sales may possibly fall by up to 15% in 2020. [That is the number of homes sold, not the price of homes.] The housing projection published by Fannie Mae indicates that total housing starts are expected to fall from 1.5...
by Anthony | Apr 23, 2020 | Uncategorized
Change. That is what we are preparing for in the coming months. One big change is JPMorgan Chase’s decision to suspend offering HELOC to new customers. Also, Fannie Mae is projecting a decrease in the number of homes sold in 2020, but they are expecting a...
by Anthony | Apr 22, 2020 | Uncategorized
On an annual comparative basis, March’s sales of existing homes increased by 0.8%, which considering the impact of the COVID pandemic, is positive. March’s seasonally adjusted annual rate increased from 5.23 million to 5.27...
