by Anthony | Jan 2, 2017 | Uncategorized
Quick Takes + Tight supply and affordability issues will ease. + Housing starts will increase by 5.3% in 2017 to 1.22 million. + To catch up to demand, 1.5 million new homes are needed. + Projections of new single-family home sales to total 570,000 for 2016. +...
by Anthony | Jan 2, 2017 | Uncategorized
The National Association of Realtors reported that the median list price of properties “nationwide zoomed to a new record for the month of October, reaching $250,000.” October’s benchmark is 8% higher than 2016. Evidence shows a stronger-than-usual appetite coming...
by Anthony | Jan 2, 2017 | Uncategorized
According to the September 2016 National Foreclosure Report, the number of completed foreclosures increased monthly for September 2016, but total foreclosure inventory actually decreased. The national foreclosure inventory decreased by 31.1% annually in September and...
by Anthony | Jan 2, 2017 | Uncategorized
Middlesex County, New Jersey will get a big economic boost with the grand opening of a new ShopRite. The launch of the new 80,000-square-foot store in South Plainfield will bring 300 new jobs to the borough. The market is located in the Golden Acres Shopping Center at...
by Anthony | Jan 2, 2017 | Uncategorized
Mortgage rates shot up last week after the election. The Wall Street Journal reports they may be moving faster than anyone thought likely. The remaking of U.S. politics also is likely to upend the nation’s mortgage market. There are two reasons why: interest rates and...
