by Anthony | Jan 2, 2017 | Uncategorized
According to the National Association of Realtors: Projected home sales rose from 5.3 million to 5.5 million Median home price fell to $234,000 $240,000 from last month Median home price rose to $234,000 from $222,000 in 2015 Freddie Mac Fixed 30 year mortgage is up...
by Anthony | Jan 2, 2017 | Uncategorized
The fact remains that inventory of homes for sale continues to erode and homebuilders are still unwilling or unable to keep pace. Recently it was reported that homebuilder permits fell 19% to 1,594 in October from September 2016, according to CohnReznick. The number...
by Anthony | Jan 2, 2017 | Uncategorized
The median sales price of a single family home in Cumberland County, New Jersey has ranged from $150,000 in October 2011 to $118,000 as recently as October 2015. As of October 2016, the average price of a single family home has increased 13.5% to $134,500. What is...
by Anthony | Jan 2, 2017 | Uncategorized
The great migration is most likely the result of the weakness of the Atlantic County economy and closure of four casinos in Atlantic City. U.S. Census figures put the median monthly gross rent in Cumberland County at $978, which is less than the rents in Atlantic,...
by Anthony | Jan 2, 2017 | Uncategorized
Homebuilder permits fell 19% to 1,594 in October from September 2016 according to a new report issued by CohnReznick. The number of 2016 approvals through October was also down 17% from the first 10 months of 2015. Other Stats + The report found that 47.4% of...
