The US foreclosure market for 2018 improved from 2017 with only 624,753 properties reporting to be in foreclosure. This is down 8% from 2017, and also down 78% from its peak of 2.9 million back in 2010. According to ATTOM Data Solutions, this is the lowest level that...

Many seniors today are looking for ways to manage their current debt; a large percentage of that debt is represented by car loans. The TransAmerica study indicated that: ■ About 10% of seniors have debt in excess of $100,000, not including home mortgages ■ 40% of...

Ocean CountySingle Family December 2018Key Market Metrics 2017 2018 Change■ New Listings:         630 671    +6.5%■ Closed Sales         630 623   -1.-%■ DOM*                     83   76      -8.4%■ Median Px       $286K  $290K  +1.4%■ % of Px Rec'd   96.6% 96.6% ...

High demand for fewer New Jersey homes for sale fueled price increases.

The National Association of Realtors reported that existing home sales fell by 6.4%, to a seasonally adjusted rate of 4.99 million units in December. This represents the lowest level of home sales since November 2015. Despite the slower number of sales, the price for...

Last week Governor Murphy of New Jersey and the legislature agreed to raise the minimum wage to $15 by the year 2024. This places New Jersey alongside of California, New York and Massachusetts as other states which raised the minimum wage to double the Federal minimum...

Trends to Track - The impact of the recent economic growth has many ramifications, one of which often is reflected in the real estate values throughout each region. In 2017, New York City had 143,000 people move out. This was the first time since 2007 who there were...

The natural gas pipeline has initiated construction in Ocean County. The crews began digging in December, creating a second connection between New Jersey Natural Gas network and the interstate transmission lines. The new pipeline is expected to be operational in 2019....

Trends to Track - List price doesn't equal sales price. It was reported, according to Knock, a national real estate agency, that in 2018, 62% of all homes sold, sold at a price below the original asking price. This seems to buck the trend from earlier in 2018 when...

TRENTON – The New Jersey Division of Taxation reminds taxpayers to take advantage of the New Jersey Tax Amnesty program as the January 15 deadline is fast approaching. Tax Amnesty provides individuals and businesses with the opportunity to pay back taxes or file past...

Millennial Update A Breakdown of Prospective Millennial Buyers■ 89% of Millennial renters say they plan to buy a home someday■ 4% expect to buy in 2019 ■ 30% say they will wait at least 5 years ■ 72% see affordability as the biggest obstacle for their purchase■38% say...