by Anthony | Jul 12, 2017 | Uncategorized
The experts say that housing inventory is tight. This is true, but this uses what used to be as the benchmark for what is now. Houses are still selling, and selling faster than ever before. The good thing is that the economy is not overheated, interest rates aren’t...
by Anthony | Jul 11, 2017 | Uncategorized
The number of borrowers ‘underwater’ fell in the first quarter of 2017 to 1.8 million borrowers. This represents a drop of 35% since this time in 2016, and a reduction of 16% in just the first quarter of 2017 alone. Considering that the spring buying season is...
by Anthony | Jul 10, 2017 | Uncategorized
The state issued 23,000 permits last year for new residential construction, according to data from the Department of Community Affairs. That’s up from 19,000 the year before. These are the municipalities that had the most new homes started in 2016. 1. Jersey...
by Anthony | Jul 7, 2017 | Uncategorized
New Jersey bucked the national trend of falling pending home sales by recording a high for May 2017. The National Association of Realtors [NAR] reported that pending home sales fell nationally in May for the third straight month. Even though none of the regions...
by Anthony | Jul 6, 2017 | Uncategorized
People want to buy homes. The fact that across the nation, the paucity of inventory of available homes for sale is doing very little to dissuade the buyers. The result: home prices have hit another peak nationally according to CoreLogic. CoreLogic reported this week...
