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% Inventory 1,805 1,053...

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 PX 97.2% 97.8% + 0.6% Inventory 3,139 2,025 - 35.5% Months Supply 5.5 3.7 -...

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people nationwide filed initial unemployment claims according to the United States Department of Labor,...

Counsellors Title, this year in observance of Memorial Day, will be closed this Monday, May 25th, 2020, in honor of the men and women who have served and have given the ultimate sacrifice so that America can be free. We will close Friday, May 22nd, 5:30pm and will...

Retail Business Also, as per executive order, non-essential retail businesses may provide curb-side pickup for customers. Shopping inside a non-essential business is still prohibited. Many municipalities have canceled their Memorial Day parades. Gov. Phil Murphy...

It's spring again. Not that it feels like it, but the spring buying season appears to have finally started. According to the Mortgage Bankers Association, mortgage applications for home purchases increased by 6% last week from the prior week. And despite the COVID-19...

The impact from social distancing and the COVID-19 pandemic in general is being felt on rentals, especially in areas of high density. In some areas of New York City, the spread of this disease has effectively outlawed in-person home showings. Some results are being...

Approximately 4.7 million mortgages are in some stage of forbearance at this point. This represents approximately 8.8% of all home loans. The number of borrowers with secured agreements to delay payments rose from 4.5 million to 4.7 this week. This translates into...

Governor Phil Murphy announced that New Jersey's beaches would reopen on May 22nd. This was an action taken in light of the fact that the shore economy was dependent upon its reopening. There was some concern that the beaches would not open until much later in the...

According to the Mortgage Bankers Association, buyer demand continues to keep the number of mortgage applications rising on a regular basis. As more and more states are opening up for business, the housing sector appears to be gaining some momentum, reflecting...