News

Builder Confidence Stays at Strong Level in February Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy 72 level in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....

CoreLogic reported: "The single-family rental stock has grown by more than one-third over the past decade, and today there are as many rental homes in single-family properties as there are in large rental apartment buildings. While there has been a growing number of...

December National Home Prices Home prices nationwide, including distressed sales, increased year over year by 6.6 percent in December 2017 compared with December 2016 and increased month over month by 0.5 percent in December 2017 compared with November 2017 (revisions...

https://www.youtube.com/watch?v=tSdyHLvusG0

The New Jersey Hall of Fame has chosen members of their 2017 Class. Those chosen will be honored at the 10th Annual Ceremony at the Paramount Theatre in Asbury Park, on Sunday, May 6. Inductees Actress Meryl Streep The Four Seasons Singer Debbie Harry/BLONDIE Author...

Fannie Mae’s 2017 Home Purchase Sentiment Index (HPSI) increased in January by 3.7 points to 89.5.

Sales of residential real estate in New Jersey rose to $38.3 billion in 2017, which is a 10% increase from the prior year. Purchase contracts in New Jersey hit a 12-year high in 2017, with 115,237 contracts recorded, a 5% increase compared to the 109,471 home sales...

Pending home sales nuzzled-out half-a-percent gain in December. Most believe that the inventory shortages which are plaguing the markets is the primary reason for the slowing sales. According to agents, the supply shortage is creating a higher percentage of the listed...

New Jersey was able to post positive results for all categories on a comparative basis in 2017. New listings, pending sales, closed sales, median sales price, average sales price, percentage of price received and affordability all showed improvement. ■ New Listings +...

The rate of homeowership in the nation continues to improve. The U.S. Census reported that the national homeownership rate reached its highest level since the fourth quarter of 2014. The government agency posted a slight increase in the fourth quarter of 2017 to...

U.S. National Home Prices NSA Index, covering all nine U.S. census divisions, reported an that the annual change in home prices increased to 6.2% in November.