Negative equity fell by $284 billion by the end of the first quarter of 2020. These results continue the improvement that was reported back in the 4th quarter of 2019 where negative equity fell by $286 billion. The year-over-year reduction in negative equity came to...

A year ago who would have considered that an unemployment rate of 13.3% would be considered a positive development? But then one year ago, who would have considered that we would have been dealing with a pandemic for the last 3 months? Many of the real estate experts...

A new executive order was issued by New Jersey Governor Phil Murphy, reducing the closures dictates originally issued back in mid-March. This announcement allows for indoor gathering of 25% of the building capacity or 50 people total.The limit on outdoor gatherings is...

Any number of title issues may arise, even after the most meticulous search of public records. These hidden defects are dangerous because you might not learn about them for months, or even years, after purchase. Some common examples of risks covered by your Owner’s...

Focus is the one aspect of business that you can't afford to lose. HOW TO KEEP YOUR FOCUS   #1 - Don't expect to be appreciated. Don't allow what you do to affect who you are. #2 - Do your job well. Resist the temptation to go through the motions. When you stop...

The Wuhan pandemic, which made Manhattan an epicenter of the virus, had a catastrophic impact upon the number of real estate contracts signed in May. For the month,  there were just 160 signed, which compares with 992 signed in May of 2019. This represents an 84% drop...

Passaic County   Single Family Homes for April Key Metrics        2019    2020   Change New Listings        531     152     - 71.4% Closed Sales       221      167     - 24.4% DOM*                   72        55     - 23.6% Median PX       $329K   $365K   + 10.9% % of...

CoreLogic reported that whole prices on a national basis increased 5.4% in April year-over-year. The price increase is considered to be again the combination of a number of factors: the extreme crisis in inventory shortages, low mortgage rates and finally pent-up...

Morris County Single Family Homes for April Key Metrics   2019   2020   Change New Listings  913     657    – 28.0% Closed Sales 329     309     +  1.4% DOM*              71       72     + 1.4% Median PX $411K  $445K  + 8.1% % of PX      97.1%  97.6%  + 0.5%...

Home buyers are reflecting an invasion of interest in buying homes based upon the spike in new purchase mortgages. This reflects a 54% spike in mortgage applications since early April. The number of refinance applications showed little change, but reflected a...

Union County   Single Family Homes for April Key Metrics   2019   2020   Change New Listings  850      288    – 66.1% Closed Sales 373      308    – 17.4% DOM*             56        53     + 5.4% Median PX $369K  $449K   + 21.9% % of PX      99.0%   99.0%  + 0.0%...

Monmouth County   Single Family Homes for April Key Metrics        2019    2020   Change New Listings     1,270     440     - 64.5% Closed Sales      506      491     - 3.0% DOM*                   68        61     - 10.3% Median PX       $429K   $485K   + 13.1% % of...