by Anthony | Aug 2, 2017 | Uncategorized
A number of recent indexes confirm that confidence levels in future economic prospects remains very strong. The Survey of Consumers conducted by the University of Michigan for July indicates that despite the fact that this figure is 10.1 index points below its January...
by Anthony | Aug 1, 2017 | Uncategorized
National Association of Realtors reported that the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 1.5% in June to 110.2, up from the upwardly revised 108.6 in May. The PHSI in the Northeast inched forward 0.7% to 98.0 in...
by Anthony | Jul 31, 2017 | Uncategorized
OCEAN Single Family Ocean County June 2017 Metrics 2016 2017 Change New Listings 1,172 1,273 + 8.6% Closed Sales 746 821 + 10.1% Days to Close 85 80 – 5.9% Median Sales Px $287K $294K ...
by Anthony | Jul 28, 2017 | Uncategorized
Inventory Shortages Make 2017 The Year of the Seller CoreLogic reported that 2017 is having the best sales market since 2007. One unusual metric came from CoreLogic which reported that 23% of homes’ contract price sold above their listing price and 18% of homes sold...
by Anthony | Jul 27, 2017 | Uncategorized
The Number of Renters Grows By Over 7 Million According to the Pew Research Study, homeownership rate has fallen to about its 1994 level. This means that the number of renters has increased. Unfortunately for the renters, residential housing market value has only...
