More Homes Selling Below List

Trends to Track – List price doesn’t equal sales price. It was reported, according to Knock, a national real estate agency, that in 2018, 62% of all homes sold, sold at a price below the original asking price. This seems to buck the trend from earlier in...

The Millennial Market

Millennial Update A Breakdown of Prospective Millennial Buyers■ 89% of Millennial renters say they plan to buy a home someday■ 4% expect to buy in 2019 ■ 30% say they will wait at least 5 years ■ 72% see affordability as the biggest obstacle for their purchase■38% say...

NJ Rents Part 2

Average Rents Nationwide IncreaseNew Jersey rents hit the average of $1,355 in 2018.It wasn’t a straight line up, but rather one-bedroom and two-bedroom apartments went down in price during the summer but then rebounded for the rest of the year. Most likely this...

The Trend to Renovate

Renovation Is the New TrendOver the last few years downsizing has been a big trend within the real estate industry. This was further complicated by the shortage of inventory. But now there’s another factor impacting the market, and that is renovation. There are...