For the first time in history mortgage rates have gone to below 3%. This is the first time that this level has been achieved since 1971 when Freddie Mac began recording such data. According to Freddie Mac today (Thursday), the average rate for a 30-year fixed mortgage...

The United States Bureau of Economic Analysis issued its report on the Gross Domestic Product (GDP) by State for the 1st Quarter of 2020. The report, which covers January through March, is the first report to show the impact of the COVID-19 pandemic on the U.S....

Total nonfarm wage and salary employment in New Jersey increased by 86,800 in May to a seasonally adjusted level of 3,497,400, according to estimates produced by the U.S. Bureau of Labor Statistics. Still, New Jersey showed some true resilience as demonstrated by the...

The Mortgage Bankers Association reported that applications to purchase homes rose by 5% last week and came in at 33% higher than the same time in 2019. Considering that 2019 was such a banner year, this surge in applications is clearly establishing a new benchmark...

According to reports published, New York City rentals experience worst June in more than a decade amid the COVID-19 crisis. Over 10,000 apartments were listed as available in June according to a report on CNBC. This represents an increase of 85% over June 2019, based...

Some real estate experts are expecting that the migration out of the New York City is going to be a prolonged period, possibly lasting up to 2 years.  The exodus not only involves those renting in towns such as the Big Apple, but also is pushing businesses...

Excluding many of the major COVID-19 hotspots, buyers appear to be ready, willing and more than able to jump back into the real estate market this past May.   Nationally, pending home sales surged by 44.3% in May in comparison with April 2020, according to the...

As compared to the average price for homes on a year-over-year basis, rental prices have not kept pace with the same momentum. Over the last 12 months rents for single-family homes grew by only 2.4% year-over-year in April. This metric is the result of CoreLogic...

The Case-Shiller 10-City Price Index increased by 3.4% year-over-year, and held steady from the March figures. This atypical increase occurred during the national economic lockdown. On a month-to-month basis the S&P Case-Shiller Home Index jumped by 4.6% compared...

A closing processor’s responsibility is to assist the Settlement Coordinator by working directly with customers involved in each transaction coordinating the closing of the transaction in an accurate, timely and professional manner while ensuring...

On behalf of the Monmouth County Board of Freeholders, Freeholder Director Thomas A. Arnone and Freeholder Deputy Director Susan M. Kiley provided several updates on county operations on July 1, including news of the removal of public access restrictions beginning on...

Closer Processor A closing processor’s responsibility is to assist the Settlement Coordinator by working directly with customers involved in each transaction coordinating the closing of the transaction in an accurate, timely and professional manner...