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Ralph’s Blogs

3rd Quarter Quarter 2017 Commercial Originations Jump 21%

PRESS RELEASE Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, reported third quarter 2017 commercial and multifamily mortgage loan originations were 21% higher than during the same period last year and 8%...

Agents Maintain Strong Position in Sales

Most buyers search for homes online...and use a real estate agent. The National Association of Realtors' survey showed that the Internet (95%) and real estate agents (89%) are the top two sources of information when it comes to the purchase and sale of real estate....

Flippers Find New Jersey Home Sweet Home Pt 6

Making $34K Per Year Marketwatch reported that, “Some Americans who bought their homes between seven and nine years ago have made up to $235,000 over that time selling their home, or $34,000 per year, making a final return on their investment of 78%. That’s the median...

First-Time Homebuyers Lose Ground

Currently the first-time homebuyer is wrestling to cross the threshold into homeowership,  contending with market forces including low inventory, rising prices, ferocious buyer competition and typically high amounts of student debt. Currently the share of first-time...

Flippers Find New Jersey Home Sweet Home Pt 5

#5: Newark, New Jersey Newark, located in Essex County, is an internationally recognized air, rail and shipping transportation hub. Newark’s renaissance is the result of its ability to attracting popular retailers such as Whole Foods and Nike. Newark’s fix-to...

Camden Coming Around

New hires in Camden are calculate to be 541 new jobs between 2013 and 2016, according to federal labor statistics. But still, poverty is falling, and with recent estimates from the U.S. Census Bureau the city’s poverty rate fell 10% last year compared with the...

Housing Demand Surges in 2017 by 28 Percent

September marked the 28th consecutive month of year-over-year inventory declines The new Housing Demand Index published by Refin saw housing demand skyrocket by 27.7% in 2017 as compared with 2016. The numbers for September came in basically flat except in some...

Multiple Indexes Hit New Records Part 2

Home Prices Hit a 64-Month High Black Knight Financial reported that home prices hit a new peak in August for the 64th consecutive month. The new home price reached $282,000 in August. While this is a pretty significant streak, home prices increased by only 0.24% from...

Multiple Indexes Hit New Records Part 1

S&P Home Price Index Hits New High The S&P CoreLogic Case-Shiller Home Price Index [HPI] rose more than expected in August, hitting an all-time high. National home prices continued to rise in August by 6.1% on an annual basis. This increase was more than...

Flippers Find New Jersey Home Sweet Home Pt 4

New Jersey's top 10 cities for flipping: #1: Gloucester City, New Jersey Located by the Delaware River, Gloucester City’s proximity to Philadelphia by way of the Walt Whitman Bridge is a definite plus. Also, its easy access to the sports stadiums of Philadelphia...

Flippers Find New Jersey Home Sweet Home Pt 3

Another source, WalletHub, did a fix-to-flip study, ranking 150 cities nationwide in which only 2 New Jersey cities ranked, Jersey City (140) and Newark (148). The WalletHub study found that the average return on investment was $62,624 (gross flipping profit) in 2016....

May This Halloween Be All Treat and No Trick

Wishing all of our friends, colleagues and associates a fun day where all of your surprises are treats and not tricks. From your friends at Counsellors Title Agency, Inc. celebrating our 21st year of serving the great State of New Jersey.    

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