News

Black Knight Financial recently reported that though the recovery from the 2008 real estate crash has made significant strides forward. Unfortunately, this progress is most likely going to stall as it is expecting up to 300,000 mortgages to become delinquent as a...

According to a story published by CNBC, “House flipping has seen a huge run-up in the past few years, as investors take advantage of tight supply in the market and fast-rising home prices.” The story even credits the popularization of home renovation and house...

The median income increased in the U.S. from 2015 to 2016 to the highest point ever, according to the latest Income, Poverty and Health Insurance Coverage in the United States: 2016 report from the U.S. Census Bureau. Real median household income increased 3.2% to...

Half of leading-edge baby boomers, those ages 61 to 69, have fully retired and about 15% of the U.S. population is now finished with work.  Retired Americans receive $1.3 trillion in income. The vast majority of this income comes from two sources: Social Security...

According to RealtyTrac, the Toms River metro area ranked number one in sales for August 2017, recording 86 transactions. In August, the number of properties that received a foreclosure filing in NJ was 6% higher than the previous month and 13% lower than the same...

Rise and Shine – Get up early. Get ahead of the day. Exercise Regularly – Exercise gives you focus, stamina and mental agility. Personal Emotional & Spiritual Renewal – Reflection and renewal of one’s inner core is the backbone of all success. Community – Invest...

As the current number of homes for sale stays below the traditional healthy level of a six-month supply threshold, first-time buyers need to bone-up on their home buying game plan.  Homes are staying on the market on average about 60 days currently. Knowing what, how...

According to a recent report from CareerBuilder, the number of full-time workers living paycheck-to-paycheck is increasing to a whopping 78% in 2017 up from 75% in 2016. This benchmark is concerning when the same study by CareerBuilder stated that 71% of all U.S....

The effects of Hurricane Harvey in Texas and Louisiana was significant.  The industry expert, Black Knight Financial Services, predicts that the mortgage industry could see approximately 300,000 new delinquencies as a result of the storm. There could also be another...

The new hot topic and ‘trigger-word’ in the coming months for the real estate and mortgage industry is the word Forbearance. The reason for the shift in the economic lexicon is due to the effects of the two historic hurricanes to hit the south: Harvey and Irma. It is...

As these figures prove, the inventory crisis, is no longer a crisis in the sense that we are expecting to see some relief in the not too distant future. Now, for the last nine consecutive quarters, inventory has fallen, on a national basis, and in New Jersey, has...

And Speeding Up Time-To-Closing Nationally, U.S. home inventory has fallen 8.9% in the second quarter of 2017 from the same period in 2016. Domestically, inventory is 20% less than it was five years ago. Again, these figures are not an anomaly, as this trend has...