Applications for mortgages increased last week as a result of the drop in mortgage rates. According to the American Bankers Association, total mortgage application volume grew by 2.5% last week, as compared with the prior week. The average 30-year fixed rate mortgage...

Wage Wars Starting with the good news: the New Jersey corporate tax surcharge is set to expire at the end of 2023. That change would reduce the state's top corporate tax rate from 11.5% to 9%. But other factors continue to erase some of the benefits of living in the...

  This Week's Title Wise Newsletter

But what is equally disturbing is the average sale price of a home sold in New Jersey in the month of September 2023 was $670,000. With the average salary in the state, according to ZipRecruiter, at $58,333, the housing is not only unavailable, and unaffordable, but...

The costumes were amazing. The thought and creativity that went into them was awesome. We had a tour guide and tourists. There was some monkey business going around the office. We had the time travelers Lucy and Ethel make an appearance. The stay puff marshmallow...

The evaporation of available existing housing is unbelievable. Back in September 2018 there were over 41,000 homes available on the market in New Jersey. Today that number is less than 14,000, plus the average price for a New Jersey home has climbed to $670,000. This...

Hudson County Single Family Homes for September Key Metrics 2022 2023 Change New Listings 133 89 – 33.1% Closed Sales 73 67 – 22.3% DOM* 29 32 + 10.3% Median PX $550K $575K + 4.5% % PX Rec’d 99.5% 101.0% +...

Bergen & Passaic County September Sales

Morris & Middlesex County September Sales

Monmouth & Ocean County September Sales

National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage...