News

Ralph’s Blogs

Inventory Grows and So Do Mortgage Rates

https://www.youtube.com/watch?v=SkJiBmdXhis The numbers are confirming that the active inventory of homes for sale is growing even as mortgage rates surpass 7%. According to the National Association of Realtors, the current trend boasted active listings to above their...

The Value of Title Insurance

The Importance of Title Insurance  The value of title insurance especially for many homeowners, is the fact that their property is their largest investment—and that’s worth protecting! An Owner’s Policy provides you with a range of benefits, including: Protection for...

Inventory, Affordability and Interest Rates

If there's one metaphor that can possibly be applied to this housing market, it's one big obstacle course. Now with the prices of homes at all-time highs, and inventories at many times all-time lows, interest rates are now climbing into the 7% range, and with the...

Hudson County September Existing Sales

Hudson County Single Family Homes for September Key Metrics       2021       2022     Change New Listings       134         132      – 1.5% Closed Sales        76           71      – 6.6% DOM*                   44           30       – 31.8% Median PX       $475K   ...

Morris and Middlesex September Existing Sales

Morris and Middlesex Counties  Morris County Single Family Homes for September Key Metrics       2021       2022     Change New Listings       591         428     – 27.8% Closed Sales      493         443     – 19.1% DOM*                   30           32      + 6.7%...

September Existing Sales Bergen and Passaic

Bergen and Passaic Counties Bergen County Single Family Homes for September Key Metrics         2021       2022     Change New Listings         833         659     – 20.9% Closed Sales        742         603    – 18.7% DOM*                     32           34      +...

Paying the Right Price for a Home

Some markets are very sequential and ordered; but the market that we've been in for the last nearly 3 years is anything but normal. As a matter of fact, normal isn't even used when discussing a property. In a recent article in Money magazine, approximately 1/3 of all...

Existing Home Sales Fall to 2010 Level

 ■ GDP growth trends GDP increased this past quart  ■ Durable goods trends: orders for durable goods increase  ■ Labor market trends, unemployment trends unemployment claims climbed to 217K, continuing claims also increase to 1,438,000 + 55K  ■ Inflation trends...

Mortgage Delinquencies Fall Again

CoreLogic published their loan performance report. The percentage of domestic mortgage holders who were 6 months or more late on their mortgage payments fell in August 2022 to an all-time low of 2.8%. This compares to the percentage rate of 4.0 back in August 2021....

September Existing Sales for Monmouth & Ocean Counties

Monmouth County  Single Family Homes for September  Key Metrics       2021       2022      Change New Listings       701         621       – 11.4% Closed Sales      669         586       – 12.4% DOM*                   30           32        + 6.7% Median PX       ...

NJ Existing September Sales

The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another...

New Listings

422 St. Thomas Drive

104 Canterbury Lane, Toms River

51 Lions Head Blvd South, Brick, NJ
Just Listed Here

9 Edgewater Dr, Toms River, NJ
Just Listed

Subscribe to Title Wise

504 Hooper Avenue, Toms River, NJ 08753

732.914.1400

info@counsellorstitle.com