It looks like Gov. Chris Christie's administration was granted the authority to immediately seize control of financially distressed Atlantic City. This was the result of the state Local Finance Board voting 5-0 to approve a five-year state takeover of the local...

According to ATTOM Data Solutions, foreclosures jumped 27% in October from September’s 129-month low. The increase in foreclosures was the largest monthly increase since August 2007. The report indicates that there were a total of 105,481 foreclosure filings, default...

CBRE says in a report that "the future looks bright for industrial development in New Jersey, particularly in the central part of the state." CBRE's 3rd Quarter New Jersey Industrial MarketView Report speculated "that the Trenton/Route 295 and Princeton markets will...

The October U.S. Census Bureau reported that new home construction significantly improved as multifamily units climbed back from a decline during September as well as single-family starts. The growth is attributed to new buyer demand and the entrance of Millennials...

The Q3 2016 U.S. Home Equity and Underwater report from ATTOM Data Solutions reported that more homeowners have become equity rich because they’re staying in their homes longer. Equity rich is defined as when a homeowner has a loan-to-value ratio of at least 50%....

According to East Brunswick appraiser Jeffrey Otteau, there is a buying tsunami about to hit the shores of the U.S. housing market, all 75 million of them. This represents primarily the Millennial generation — the most populous in U.S. history. Their delayed entry...

October existing home sales, according to the new report from the National Association of Realtors, increased 2% to a seasonally adjusted annual rate of 5.6 million which is up from 5.49 million, in September. October's sales are up 5.9% from 2015’s 5.29 million and...

From all of us at Counsellors Title Agency!! All of us at Counsellors Title Agency want to wish you a very Happy Thanksgiving!

According to the website NJBiz.com, it was announced that the Fort Monmouth Economic Revitalization Authority [FMERA] announced that it has purchased the remaining 560 acres of Fort Monmouth tracts held by the U.S. Army. The property was purchased for a single payment...

NJ Realtor Stats October 2016 Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory...

Ocean County Single Family 2015 2016 Change New Listings 990 920 -7.1% Closed Sales 601 619 +3.0% Days on Market 96 95 -1.0% Median Sales Price $270K $287K +6.3% % of Price Recvd 95.3% 96.2 +0.9% Inventory 5,424 4,463 -17.7% Months of Supply 11.0 7.3 -33% Monmouth...

Home prices are projected to continue to rise nationally at the low-end of 3.5% in 2017 according to many of the industry analytic groups. This compares with the 5.5% increase reported by the recent S&P CoreLogic Case-Shiller Index from what was reported in...