Covenant House Wins Grant for Homeless Young People

A $123,000 grant from Impact 100 Jersey Coast, a women’s philanthropy group, was awarded to the Covenant House Rites of Passage program operated out of Asbury Park. Rites of Passage program offers a safe place for homeless young people, 18 or older, who have “aged”...

CoreLogic Posts Prices Jump 7 Percent

According to CoreLogic, on an annualized basis, home prices climbed by a very steep 7% in November. Aside from being the third straight month when prices exceeded projections, the speed to market continues to fuel one of the strongest seller’s markets in decades. On...

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....