by Anthony | Oct 2, 2019 | Uncategorized
Despite what appears to be a slight slowdown, U.S. home prices continue to rise in most regions, excluding those areas where appreciation has been in the double-digits for years. In New Jersey, we have seen single family home prices rise on average by 4.1% while...
by Anthony | Oct 1, 2019 | Uncategorized
Morris County Single Family Homes for August Key Metrics 2018 2019 Change New Listings 623 640 + 2.7% Closed Sales 625 607 – 2.9% DOM* 53 54 + 1.9% Median PX $471K $493K + 4.7% % of PX 98.3% 98.1% – 0.2%...
by Anthony | Sep 30, 2019 | Uncategorized
Monmouth County Single Family Homes for August Key Metrics 2018 2019 Change New Listings 973 894 – 8.1% Closed Sales 827 761 – 8.0% DOM* 52 56 + 7.7% Median PX $465K $455K – 2.2% % of PX 97.9% 97.7% – 0.2%...
by Anthony | Sep 27, 2019 | Uncategorized
As the summer draws to a close, multiple opposing factors and trends are competing to define the direction of the real estate market. After the Federal Reserve lowered its benchmark interest rate on July 31, 30-year mortgage rates continued to decline, approaching...
by Anthony | Sep 26, 2019 | Uncategorized
Currently, Freddie Mac reported that the average rate for a 30-year fixed mortgage loan dropped to 3.49%, w hich is the lowest it has been since October of 2016. In the August 2019 “Housing and Economic Research Forecast,” the research team at Freddie Mac wrote the...
