News

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...

Predicting where the market will go is always going to be a challenge, but in this market, where industry inventory is at record lows and mortgage rates are also at historic lows, buyers will always need to live somewhere. The other factor that is driving this real...

Passaic County Single Family Homes for May Key Metrics 2019 2020 Change New Listings 502 498 - 0.8% Closed Sales 283 230 - 18.7% DOM* 63 67 + 4.8% Median PX $345K $360K + 4.3% % of PX 98.8% 97.5% - 0.9% Inventory 1,389 743 - 46.5% Months Supply 5.2 3.0 - 42.3% *Days...

With 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...

The aftermath from the Aisha storm in New Jersey caused significant power outages. Coastal flood advisories were issued for the entire Jersey Shore until Wednesday 2 am. Despite the fact that there were just minimal road closings, hundreds of thousands of New...

Counsellors Title in Toms River has temporarily lost power. We currently do not have phone or Internet access. If you need to reach us, please use mobile phones. Thank you.