Monmouth County   Single Family Homes for August Key Metrics        2019    2020     Change New Listings        567      594     + 26.0% Closed Sales      538       416      + 4.8% DOM*                  46         51      + 10.9% Median PX       $485K   $500K     +...

When I read that line in a CNBC story on mortgage rates, it made me laugh. Everybody can clearly remember the impact the lockdown had on the real estate business in April 2020 with an incredibly disappointing month for businesses and real estate. With the the pandemic...

https://youtu.be/AZvCb67OXLQ

Monmouth County   Single Family Homes for July Key Metrics        2019    2020   Change New Listings         959   1,183     + 23.4% Closed Sales        695      748     + 7.6% DOM*                   52        56     + 7.7% Median PX       $470K   $500K    + 6.4% % of...

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but...

July home sales surged by 24.72% year-over-year. Obviously the Chinese virus, resulting in the worldwide pandemic, held back much of the classic and traditional spring home buying season, squeezing a riot of home buyers into the market, driving transactions and higher...

The pandemic has not only hit New York City businesses hard but it is significantly impacting the real estate market. According to Mansion Global, New York City home sales fell by 50% in July on a year-to-year basis. The pandemic seems to be having more than just a...

The National Association of Realtors reported significant strength for the national housing for the week of August 8th, 2020. Median listing prices grew at 9.9 percent over last year, another tick up in the pace of increase. Home asking price growth continues to...

Not to anyone's surprise, but the Commerce Department reported that housing starts surged by 22.6%. This represents the largest increase in nearly four years dating back to October 2016. Housing starts came in at 1.496 million units in July, which was revised upwards...

As residents continue to leave the high-density urban areas such as New York City for areas less populated and with lower rates of virus infections, they're finding places such as the suburbs of New Jersey and upper New York. National figures have been slow to reflect...

The national median price of a home reported by the National Association of Realtors [NAR] to be $349,000, these levels have never been recorded before.  According to the press release issued by the NAR, 48 of the 50 largest metropolitan areas reported year-over-year...

It feels like a virtual tug-of-war interest: rates drop and home prices pop. The pent-up demand that accumulated during the paused spring season is only creating an increasingly difficult and competitive home buying market. According to the National Association of...