News

The impact of the pandemic continues to cloud the overall performance of the real estate market. The metrics covering delinquency have confirmed a number of the periods over the last 10 months, specifically during the periods of March and April. During September and...

Here are Zoom webinar video streaming tips to help you take your Zoom game to the next level. 1. Dress for the Dance: Casual isn't cool, it's lazy. Dress right so that it reflects the importance of what you have to say to others. If you don't look sharper than they...

For the first time in recent memory the supply of homes for sale has fallen below 1 million. National Association of Realtors recorded December monthly homes for sale fell by 39.6% year-over-year to 700,000 for the first time. Despite drop in inventory, the inventory...

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1. Fight Against Fear. The first thing experts tell us to do is write the fear down. Putting the fear down on a piece of paper has a powerful effect of taming it. Once you have it in front of you, write down the one thing you can do to kick it to the curb. Remember,...

Not all players in the mortgage industry are saying the same thing when it comes to projections for mortgage rates in the future.  ■ Fannie Mae projects that the 30-year fixed rate could stay at 2.8%, and rise to 2.9% in 2022.  ■ Demand for mortgages has remained...

Everyone back in May and early June of 2020 had no idea what the impact of the COVID-19 pandemic would have on beach revenues. With all the lockdowns and social distancing restrictions, it seemed inevitable that beach pass revenues would be down significantly. But...

Essex County Single Family Homes for November Key Metrics 2019 2020 Change New Listings 386 462 + 19.7% Closed Sales 367 525 + 43.1% DOM* 47 37 – 21.3% Median PX $418K $520K + 24.6% % of PX 100.2% 104.2% + 4.0% Inventory 1,622 978...

We will be closed Friday, January 1st and will reopen on Monday, January 4th.

Morris County Single Family Homes for November Key Metrics 2019 2020 Change New Listings 435 452 + 3.9% Closed Sales 408 608 + 58.8% DOM* 62 43 – 30.6% Median PX $420K $537K + 27.9% % of PX 97.7% 100.0% + 2.4% Inventory 1,923 1,108 - 42.4% Months...

Monmouth County Single Family Homes for November Key Metrics 2019 2020 Change New Listings 545 591 + 8.4% Closed Sales 555 683 + 23.1% DOM* 67 42 – 37.3% Median PX $452K $560K + 23.9% % of PX 97.0% 99.4% + 2.5% Inventory 2,797 1,502...

November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for...