Real Estate News: Disruption Alert

Disruption doesn’t happen all at once; it is a very gradual thing and then all of a sudden everything changes. Facebook recognized a while ago that it wanted to increase the scope and functionality of its platform. When Facebook decided about a year ago that it...

July Ocean and Monmouth Home Sales

Ocean County                                                                 Single Family July 2018 Key Market Metrics    2017 2018      Change ■ New Listings        1,158   1,254    + 8.3% ■ Closed Sales           638       730   + 14.4% ■ DOM*                   ...

NJ Real Estate Market Moves Higher – Again!

The New Jersey market is super strong. Sales of single family home surged forward by 7.9%.  What is another good sign is that the percent of price received was calculated to be 98.5%. Also, inventory appears to be settling in the 6 month rage, with July’s...

Average Median Price Hits New High – $269,600

Here we go with another new high. The median existing-home price for all housing increased to $269,600′ this surpassed last July’s $258,100. The 4.5% increase from last July represents the 77th consecutive straight month of year-over-year gains. As...

U.S. Forclosure Rates Continue Their Slide

One of the sure signs of a solid and stable economy is the foreclosure and delinquency rates for home mortgages. Such rates reported by CoreLogic have fallen to their lowest levels in 12 years for May 2018.  According to CoreLogic’s Loan Performance Insights...