News

NJ reported a slight loss in the number of employed.

Back in 2011, there were 8,300 single-family homes listed for sale by NJ Realtor. Looking at the inventory for December 2018, the number of single-family homes has fallen to just 5,458 homes on the market.

The average price for a home in New Jersey has climbed in the last year by 2.2%, that factors in the higher home mortgage rates.

Monmouth County Events in February

Predictions for the polar vortex to hit New Jersey with sub-zero temperatures starting on Wednesday night into Friday will range from sub-zero to single digits. Forecast is warning individuals that this wind chill could result in frostbite on exposed skin within 30...

Disruption is taking place all over the country. One of the areas that it appears to have taken a significant toll is in New Jersey within its dairy industry. In the 1950s New Jersey accounted for approximately 500 dairy farms. In 2007, it could account for just 225....

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...