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Ralph’s Blogs

Rents Spike in New Zillow Report

The median monthly rent has climbed 3% year-over-year in June, reaching $1,483 in the U.S. today. This is an all-time high. Home values, on the other hand, have slowed down in their appreciation to 5.2% from the 7.6% recorded back in 2018. According to the Zillow...

Refis Surge

Refinances accounted for 12% of the loans for the week, increasing by 116% from 2018. Total mortgage application volume increased 5.3% from the prior week, with volume surging by 46.5% from 2018.  According to the Mortgage Bankers Association [MBA], the average...

Negative Equity Falls to 4.1%

Key Findings on the Economic Influence of Housing The number of homes with negative equity has decreased. Total percent of homes underwater went from 25.9% in the first quarter of 2010 to 4.1% in the first quarter of 2019. Total home equity hits new record At the end...

Monmouth and Middlesex Schools Recognized

New Jersey's state education commissioner Lamont Repollet recognized 11 public schools as Lighthouse Districts. As part of the state's effort to keep on top of schools and their students’ educational progress, every year the state sees fit to identify certain school...

Bergen and Essex County Sales

Bergen County Single Family Homes for June Key Metrics    2018   2019   Change New Listings  1,334   1,195 – 10.4% Closed Sales     814     728   – 10.6% DOM*              52        52        0.0% Median PX     $515K $513.5K – 0.3% % of PX        98.4%   98.6%    +...

Median Sale Hits New Record Part 2

Median sale hits a new all-time record. U.S. homeowners selling in Q2 2019 realized an average home price gain since purchase of $67,500, an average 33.9% return from the original purchase price. The results from Q2 2019 is an increase from an average gain of $57,706 reported in Q1 2019 and is also an improvement from the average gain of $60,100 reported in Q2 2018.

New Listings

422 St. Thomas Drive

104 Canterbury Lane, Toms River

51 Lions Head Blvd South, Brick, NJ
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9 Edgewater Dr, Toms River, NJ
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