Sellers saw an average profit of $51,000, a 26% return.

The national homeownership rate increased slightly from last year, but was not statistically different from last quarter, according to the latest release from the U.S. Census Bureau. The homeownership rate climbed slightly from 2016, but only marginally from the first...

A number of recent indexes confirm that confidence levels in future economic prospects remains very strong. The Survey of Consumers conducted by the University of Michigan for July indicates that despite the fact that this figure is 10.1 index points below its January...

National Association of Realtors reported that the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 1.5% in June to 110.2, up from the upwardly revised 108.6 in May. The PHSI in the Northeast inched forward 0.7% to 98.0 in...

OCEAN    Single Family Ocean County June 2017 Metrics                2016     2017      Change New Listings      1,172    1,273      + 8.6% Closed Sales          746       821      + 10.1% Days to Close          85         80       – 5.9% Median Sales Px $287K $294K ...

Inventory Shortages Make 2017 The Year of the Seller CoreLogic reported that 2017 is having the best sales market since 2007. One unusual metric came from CoreLogic which reported that 23% of homes’ contract price sold above their listing price and 18% of homes sold...

The Number of Renters Grows By Over 7 Million According to the Pew Research Study, homeownership rate has fallen to about its 1994 level. This means that the number of renters has increased. Unfortunately for the renters, residential housing market value has only...

Single Family Closed Sales were up 9.3% to 9,042

According to Zillow, the New Jersey median home value climbed to $305,400. Over the past 12 months, values have gone up 4.8% and they are projected to increase another 1.1% according to reports published on Zillow.  Zillow Home Value $305,400 4.8% 1-year change 1.1%...

Low inventory keep buyers from clearing out inventory

Seth Godin wrote an article on the difference between advice and criticism.  In the light of being the object of criticism, he explains that it is “quite natural to be defensive.” The article truly arrested my interest by this definition of what a critic is: “The...

According to a number of reports, it has been a very good year for the Garden State’s blueberry growers. Some are already calling it one of the better seasons in years. Based upon certain quality criteria such as quantity, quality, size and sweetness, the season has...