Affordability is now becoming a roadblock to home ownership and affordable rentals. With the median price for a single-family home hitting $460,000 this past May, first-time buyers are being forced to put their home purchase plans on hold. The consequence of these...

US Home Builder Sentiment Falls in Light of Hyper-Inflation Home builder sentiment was reported to have fallen by 12 points in the recent report issued by the National Association of Home Builders. Conscious the drop represents the single largest decrease in the...

https://youtu.be/Y3h1JAcy9v8 The surge of inflation increased in June at the fastest rate since 1981. Rising mortgage rates and continued supply shortages are sustaining the current levels of home prices in most markets. Affordability and inventory shortages continue...

Great Towns of Monmouth County, New Jersey #1 Little Silver - The original farms and nurseries have almost all been replaced by housing today. Little Silver's location on the Shrewsbury River makes it a popular destination for boaters and water sports enthusiasts,...

As we enter the heart of summer, the two words on everyone's mind are inflation and inventory. As the market continues to adjust to this new normal that has been around for the last 30 months, business models are changing, and part of that change is to make sure you...

https://youtu.be/S10YqBcgQ5Q Remote Online Notarization is the next step in enhancing the eClosing experience. RON offers all the benefits of an eClosing experience, with the added convenience for signer(s) to complete the real estate closing from a different physical...

The Consumer Price Index increased 9.1% from a year ago in June, above the 8.8% Dow Jones estimate. Food, energy, building supplies, labor, lumber and microchips have pushed the economy ever so close to an edge. Energy costs skyrocketed up 41.6% on a 12-month basis....

Bergen and Passaic Counties  Bergen County Single Family Homes for May Key Metrics         2021       2022     Change New Listings       1,120     1,008     – 10.0% Closed Sales        639         648     + 1.4% DOM*                     38           33      – 13.2%...

https://youtu.be/L-1gFIr3Lv0

Monmouth County Single Family Homes for May Key Metrics       2021       2022      Change New Listings       953         939       – 1.5% Closed Sales      586         542       – 7.5% DOM*                   38           27        – 28.9% Median PX        $595K   ...

Monmouth Mall sees another chain retail close its doors. On Wednesday news broke about JCPenney's decision to close its Monmouth Mall location. JCPenney has been in bankruptcy protection since May 2020. They have been burdened with over $11 billion of debt. In order...

Hudson County Single Family Homes for May Key Metrics         2021       2022     Change New Listings         157         149     – 5.1% Closed Sales          66           87     + 31.8% DOM*                     40           44      + 10.0% Median PX        $495K   ...