News

Tips and Hacks to Working With the New Buyers Millennials represent the largest population tranche since the Baby Boomers. The Millennial population is entering their early 20s to late 30s.Technology is not technology to them. They have never experienced life without...

U.S. builders broke ground on more U.S. homes than forecast in December, representing the seventh straight yearly increase, according to a report issued from the Commerce Department. Fast Stats ■ Housing starts increased by 11.3% to a 1.23 million annualized rate ■...

A Financial Snapshot of the Average American American Earnings The average American household income was $65,751 in 2015 according to the IRS. If this calculation is correct, we can expect to see that the U.S. median wage growth in 2015 and 2016 will come in at about...

Owning a home is a big responsibility that comes with great rewards. Budgeting is important, so plan for sudden expenses that may arise in addition to your regular monthly expenses. + Property taxes and special assessments + Home/hazard insurance + Property...

According to an article in New Jersey Monthly, Martin Luther King Jr.’s Camden residence has been saved from demolition, thanks in large part to the efforts of local car salesman Patrick Duff, an amateur historian who documented the home’s historic significance. King...

Foreclosures Fall Nationally According to ATTOM Data Solutions, foreclosure filings on 933,045 fall 14% for U.S. properties for 2016 from 2015. This is the lowest level since 2006, when there were foreclosure filings on 717,522 U.S. properties. The report found that...

The real estate market has been gradually demonstrating that owning a home can be a smart way of creating significant wealth. Since 2011, home prices have been erasing many of the homes that have been under water due to the housing crisis of 2008-9. According to Fanny...

Home builders aren’t exactly closing out the year with more enthusiasm, despite a shortage of homes on the market. According to the U.S. Commerce Department’s new residential sales report, permits to put up new residences fell in November. Permits issued were down...

This is clearly a trend: higher rates. As rates for home-purchase loans rose for the ninth straight week, the industry continues to believe that the market is still strong enough to weather the increased costs. According to mortgage finance provider Freddie Mac, the...

The stability of the housing market continues to offer opportunity to house-flippers, according to an article posted by Fox Business. And accordingly, 2016-17 may continue to foster an environment conducive to house-flipping. For the first three quarters of 2016, the...

National Association of Realtors Avg Home Listing - $422K 2016 Facts and Stats + The average home in 2016 had 3.287 bedrooms and 2.568 bathrooms and was listed for $412,222.94. + The average price is higher than the median price of $250,000, which is the usual metric...

According to The National Association of Realtors’ chief economist, Lawrence Yun, rising interest rates is having an impact on the slowing sales rates (but this doesn’t seem to be the case in New Jersey). That being said, along with shrinking inventory, sales are...