News

“Premier Agent†Award from Old Republic Title is a designation that identifies agents and agencies for their outstanding work and production. TOMS RIVER, NJ – Counsellors Title Agency, Inc., www.counsellorstitle.net,...

The percentage of households headed by someone over age 75 that had debt payments in excess of 40% of their income increased by more than 23% from 2007 to 2016, according to the Employee Benefit Research Institute.

Bond prices fall to new lows.

In response to the growing concerns about COVID-19, commonly referred to as coronavirus, The National Association of Realtors is providing this guidance to help REALTOR® associations respond to the coronavirus’ potential impact on the...

Low mortgage rates drive new refinance applications up 26%.

According to the Federal Reserve Bank of New York, total debt for Americans over the age of 70 has increased 543% from 1999 through 2019 to $1.1 trillion. This represents the largest percentage increase of debt for any age group. The actual cost of living has combined...

The buyers and sellers of residential properties especially may not be aware of the critical role that title agents play in facilitating the closing of a real estate transaction from start to finish. Since buying a piece of property isn't something that you physically...

According to the report, the five states with the highest equity-rich homeowners were: 1. California 42.8%, 2. Vermont 39.2%, 3. Hawaii 38.8%, 4. Washington State 35.4%, and 5. New York 35.1%.

Expectations for 2020 is for the new-home construction market sales to increase 10%. • Single Family Closed Sales were up 3.5% to 5,345. • Townhouse-Condo Closed Sales were up 10.2% to 1,636. • Adult Communities...

Morris County Single Family Homes for January Key Metrics 2019 2020 Change New Listings 583 533 – 8.6% Closed Sales 278 369 + 32.7% DOM* 72 74 + 2.8% Median PX $405K $430K + 6.0% % of PX 96.8% 96.9% + 0.1% Inventory 1,748 1,358...

Monmouth County Single Family Homes for January Key Metrics 2019 2020 Change New Listings 843 883 + 4.7% Closed Sales 445 486 + 9.2% DOM* 66 68 + 3.0% Median PX $420K $460K + 9.5% % of PX 96.8% 96.7% – 0.1% Inventory 2,514 2,077...

Overall permits surged to a 13-year high to a seasonally adjusted annual rate of 1.57 million units according to a report from the U.S. Housing and Urban Development and Commerce Department.