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Ralph’s Blogs

After the Drought, Reviving Your Lawn

The most recent New Jersey drought of 2022 has devastated lawns throughout the state. Millions of brown spots stare back at us, longing for a touch of green. Can these brown lawns come back to life? Since there are all kinds of grass and turf, some grass species are...

July Existing Home Sales Fall

July sales of existing homes fell from June sales, according to the National Association of Realtors. The projected number of sales of existing homes is expected to reach only 4.81 million units, which is the slowest sales rate since November 2015. In general, as the...

Rentals Are Seeing Higher Prices

Rentals Rising Increases in the Garden State were a bit higher than the national average, as monthly rents for all New Jersey homes went up 27% since last January. The average rent for New Jersey residents currently stands at $2,267/month The rental market has become...

Facebook Losing Traction with Gen Z

Facebook no longer attracts teens. According to a recent Pew study, the Gen Z population is clearly connected digitally. The actual statistics from the Pew Research Center indicate that 32% of teens ages 13 to 17 years old use Facebook. This represents a significant...

Home Builders Find Less Demand

The National Association of Home Builders (NAHB) issued their home builder confidence report for August, which dipped 6 percentage points to 49. This represents the builder sentiment for newly built single-family homes. This level represents the first time the index...

Position Open: Title Officer

  Title Officer Counsellors Title Agency, an industry leading title agency, is looking for an experienced Title Officer with residential and commercial experience! Counsellors Title is one of the fastest growing title agencies in the state of New Jersey. Must...

Information Documents Sellers Must Have

There definitely needs to be a selling strategy beyond the price and when to hold the open house. If you are considering selling a home, there are a series of documents that are involved with the actual transaction including inspections, appraisals, disclosures and...

Inflation and Mortgage Rates Curtailing the Market

https://youtu.be/P3U3cG5opD4   Fast Facts ■ Much talk is being given to the possibility of a recession ■ The continued impact of inflation on the wallets of buyers ■ Consumer prices continue to rise ■ Continued hot labor market ■ Mortgage rates remain above the...

Buyer Sentiment Falls

Fannie Mae’s Home Price Sentiment Index reported that in July it fell to 62.8; this is its lowest level since 2011. The report indicates that a small percentage, 17% of respondents, felt that it was a good time to buy a home in July. This was slightly down from 20% of...

Delinquent Mortgages

Back in 2005 the share of subprime mortgages that were seriously delinquent increase from about 5.6% to 21% by July 2008. That's the kind of seismic economic disruption that reshapes a nation and an economy. This past May 2022, there were only 2.7 percent of mortgages...

5.4 Million Homes Available

The housing market will reflect a different configuration of correction moving forward. Even though prices seem to have eased in terms of the trajectory of appreciation, the inventory shortage and the constriction on building supplies will continue to make housing a...

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