New forms of the closing/settlement statements are being used when calculating the financial accounting of the sale.  When a buyer is obtaining a new loan, some of the information previously found on the HUD-1 Settlement Statement is now being found on the Closing...

The tenth of a percentage point decline in the unemployment rate in April pushed it down to 4.4%, the lowest level in almost a decade. In May 2007, it was also 4.4%, and the rate hasn't been lower than that since May 2001. The rate fell last month because the number...

Office leasing in New Jersey hit even lower levels for the first quarter, which is attributed to aging facilities, underused buildings and corporate consolidation, according to a report in the Wall Street Journal. Office leasing did well where buildings are located in...

Real estate activity is signaling stronger sales ahead as buyers returned to the mortgage market after the holiday hiatus. The improvement is attributed to the number of mortgage applications to purchase a home, which rose 4% for the week and is almost 5% higher than...

The CoreLogic Home Price Index for March 2017 increased by 7.1% as compared with March 2016. The CoreLogic report also showed home prices increased month-over-month by 1.6% in March 2017 compared with February 2017. The other significant number published in the...

Becoming A Heartland of Home-Grown Businesses Most great business models don’t emerge in a freeze-dried state. They develop progressively.  The Starbucks business didn’t begin in Seattle; it began with Horn & Hardart, a food services company, followed by Chock...

What we thought to be a sure thing has not materialized: a spike in mortgage rates. It seems that there is some movement in terms of activity in the mortgage market: part of that activity can be traced back to a renewed interest in refinancing. Nationally, the...

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Due to a Verizon Outage, we are sorry, our phone system is temporarily unavailable. If you need to contact us please use your representative's mobile phone number or call 732-267-6466.  We wexpect to be up later this afternoon. Ralph Aponte

According to the National Association of Realtors, the Pending Home Sales Index slipped slightly in March, from 0.8% to 111.4, down from 112.3 in February, as a direct result of tight inventory nationwide. The Pending Home Sales Index is looked upon as a...

CoreLogic reported that distressed sales for the month of January hit a 10-year low. According to the CoreLogic report, REOs made up 5.9% of distressed sales, while short sales made up 1.1% in January 2017. Cash sales held steady in January, but distressed sales...