News

As the formation of households has slowed, so have the number of first-time buyers fallen from prior levels as recorded from the years 1997 to 2013. In the last 20 years, the number of first-time homebuyers has seen a steady pattern of year-over-year loss. As seen in...

Monmouth had over 120% more closed sales in 2019 than in 2011.

Things to do in September in Monmouth County.

How buyers search for property  88% of all buyers search for a home on the Internet 87% search for a home through an agent 55% search for a home from a yard sign 45% search for a home with an open house 30% search for a home through a newspaper Only 2% of buyers...

With inventory shortages and rental prices going higher, it is no surprise that mortgage originations of commercial and multifamily properties have surged by 10% on a year-to-year basis.

The fact that one of Wall Street’s major icons, Home Depot, now is coming to build a warehouse center at the location is going to be a real boost to the Perth Amboy economy.

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...

Median price in Morris County jumps 7.1% on lower inventory.

Monmouth County Single Family Homes for July Key Metrics    2018   2019   Change New Listings  1,016   958   – 5.7% Closed Sales     728     692 – 4.9% DOM*              48        52     + 8.3% Median PX     $430K  $469K  + 9.2% % of PX      98.0%   98.2%   + 0.2%...

Home prices increase moderately while inventory continues to shrink.

In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this...