Title Wise from Counsellors

This week’s Title Wise features articles on New Jersey’s biggest real estate tax payer’s and which schools in Monmouth County ranked in the top 10. Click Here for more.

New Home Sales Up

Sales of new homes were up slightly, by 0.8% year-over-year, in 2Q, reversing the trend in the previous two quarters, when new-home sales dropped, while existing home sales were down 0.7% in 2Q. The supply of new homes was down 1%, representing the biggest annual...

Home Purchases Closing Faster

As the housing market continues to trend higher and inventory becomes more scarce, the time it takes for a home to be bought and sold is also shrinking. Technology is clearly contributing to the speed of transactions, but considering the number of things that must be...

Monmouth’s Biggest Tax Bills

Monmouth County’s average property tax bill came in at $8,975 during 2017, a bill that was about $300 higher than the state average. NJ property taxes: Schools soak up more than half of the average tax bills. This features the top dozen properties and what they...

Rents Spike in New Zillow Report

The median monthly rent has climbed 3% year-over-year in June, reaching $1,483 in the U.S. today. This is an all-time high. Home values, on the other hand, have slowed down in their appreciation to 5.2% from the 7.6% recorded back in 2018. According to the Zillow...