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Ralph’s Blogs

Existing Home Sales Surge Again As Inventory Shrinks

US existing home sales surged in March hitting levels not seen since 2007, according to the National Association of Realtors (NAR). The NAR reported that existing home sales climbed 4.4% for March 2017 to a seasonally adjusted annual rate of 5.71 million units, based...

The Ripple Effect

The aphorism ‘a rising tide lifts all boats’ is associated with the idea that improvements in the general economy will benefit all participants in that economy, and that economic policy, particularly government economic policy, should therefore focus on the general...

The Digital Crime Wave

We live in a digital world which means we have access to more things and areas of our lives than ever! But access not only becomes a convenience, but also a vulnerability which makes it more important than ever to protect our digital identities from digital threats....

Fast Facts on Foreclosures

■  Foreclosure inventory rates decreased to 0.8%, down from 1.1% last year. ■  Serious delinquency rate, loans 90 days or more past due, dropped to 2.5%, which is down from 3.2% in 2016. ■  Early-stage delinquencies, loans 30 to 59 days past due, decreased in January...

Rising Rents Are Still A Factor

According to the U.S. Commerce Department, fewer Americans own homes than ever. One reason appears to be that renters are staying put by necessity. Results from Freddie Mac reflect that the number of respondents who said they expect to move during the next two years...

Spring Sales Update: Homes Flying Off the Shelves This Spring

According to the report by CNBC: ■  Home sales jumped nearly 9% in March compared with March 2016. ■  The number of homes for sale plunged 13% according to a new report from Redfin. ■  Demand increased causing the fastest average sales pace since 2010. ■  The average...

Looks Like Fishing for Jersey is No Fluke

Breaking News: The Wall Street Journal reported that "the Atlantic States Marine Fisheries Commission voted to reduce the recreational fishing quota for the East Coast summer flounder by 30% this year, following a 10% quota cut last year." Bob Martin, New Jersey's...

Pockets in New Jersey Turn Golden

In the midst of a very strong real estate market, some communities have fared better than others: one is Ocean Grove, New Jersey. According to Wikipedia, “Ocean Grove was founded in 1869 as an outgrowth of the camp meeting movement in the United States, when a group...

Using the Free Facebook Targeting Tool

Facebook has some incredibly advanced (yet simple to use) targeting features within its Ad Manager, but an under-discussed free tool is its Targeting option for organic posts, which can be used to improve the relevancy of posts. Although this might actually limit the...

News from the National Association of Realtors

The National Association of Realtors see the biggest bottleneck to purchases is the shortage of inventory. But that isn't all. Mixed signals on the economy. Home sales are down while contract signings are up. The one common statistic, though, is that households want...

Generational Wealth and Millennials Rising

Approximately 70% of the wealth and affluent market is comprised of Americans age 52 or older who have at least $100,000 in investable assets. Baby Boomers account for more than half (55%) of the market while the Silent Generation represents 15%. Approximately 13% of...

The American Dream of Homeownership

Spending on housing declined to 15.6% of GDP, according to a study expected to be released Monday by the Rosen Consulting Group, a real-estate consultant. How this comparatively factors into the overall picture is compared with a 60-year average of just under 19%. In...

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