News

According to the National Association of Realtors: Projected home sales rose from 5.3 million to 5.5 million Median home price fell to $234,000 $240,000 from last month Median home price rose to $234,000 from $222,000 in 2015 Freddie Mac Fixed 30 year mortgage is up...

The fact remains that inventory of homes for sale continues to erode and homebuilders are still unwilling or unable to keep pace. Recently it was reported that homebuilder permits fell 19% to 1,594 in October from September 2016, according to CohnReznick. The number...

The median sales price of a single family home in Cumberland County, New Jersey has ranged from $150,000 in October 2011 to $118,000 as recently as October 2015. As of October 2016, the average price of a single family home has increased 13.5% to $134,500. What is...

The great migration is most likely the result of the weakness of the Atlantic County economy and closure of four casinos in Atlantic City. U.S. Census figures put the median monthly gross rent in Cumberland County at $978, which is less than the rents in Atlantic,...

Homebuilder permits fell 19% to 1,594 in October from September 2016 according to a new report issued by CohnReznick. The number of 2016 approvals through October was also down 17% from the first 10 months of 2015. Other Stats + The report found that 47.4% of...

Good news for the National Association of REALTORS® 2016. According to the Home Buyer and Seller Generational Trends report - 89 percent of Millennials — used a real estate professional in their home search in 2016. This is going to call for 'new skills' to...

There is a huge population of millennials waiting on the sidelines, thinking that they can't become homeowners in 2017 due to student debt and the high price of real estate. But with the right planning and strategy, there are ways without risking a financial...

CoreLogic reported that for the month of October 2016, only 30,000 U.S. home foreclosures were completed, which is down 3.6% from September 2016 and down 24.9% from a total of 40,000 in October 2015. Home values posted an annual 5.8% rise through September in the...

The National Association of Home Builders' Housing Market Index rose by 7 points to hit 70, which is the highest level since 2005. According to a number of reports, economists had forecast an unchanged reading of 63; levels higher than 50 signal confidence. In...

The National Association of Realtors published their 2016 Profile of Homebuyers and Sellers For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of...

CoreLogic 2017 Outlook for U.S. Housing and Mortgage Markets Economic growth will be a primary factor affecting the housing market in 2017. The latest projections show a consensus that the economy will grow between 2 and 2¼ percent next year. With this as a backdrop,...

Fortune Magazine 5 Non-Traditional Ways to Network Around the Holidays It’s the most wonderful time of the year to make business connections. The holiday season may not be the best time to go on a diet or launch a major company-wide project, but it’s a surprisingly...