Apartment Vacancy Rate Rises

The U.S. apartment vacancy rate increased marginally in the fourth quarter from the third as supply exceeded demand. Asking rents edged higher by 0.4%, while the national apartment vacancy rate rose slightly to 4.5% from 4.4%. – Renters paid a record high $485.6...

Bayonne is Turning into Boom Town

Bayonne is beginning to gain new-found respect as New Jersey’s next Boom Town. Over the course of a 2-3 year period, Bayonne projects 3,000 new residential units will be completed or under construction.  Bayonne, population 65,000, is located along New Jersey’s Gold...

Home Value Increases $2 Trillion in 2017

The total value of all homes in the United States gained $2 trillion in value in 2017, and is now valued at a total of $31.8 trillion. The New York metropolitan market represent 8% of the value of all U.S. housing, reported to be $2.6 trillion. – The entire U.S....

Morris County November Single Family Sales

MORRIS NOVEMBER 2017 Morris County new listings of single family homes remained basically the same at 399 in November 2017. Where the big moves were found came in the median sales price climbing year-over-year by 5.8% to $422,000, up from $399,000 from November 2016....