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Ralph’s Blogs

Churches Continue to Sell Properties

A landmark property once owned by the Jehovah’s Witnesses in Brooklyn’s Dumbo neighborhood has been sold for $85 million, marking yet another chapter in the ongoing wave of religious property transactions reshaping New York...

Market Shifts – Warning Sign or Isolated Case? Part 2

The Broader Implications This property's struggle is likely a combination of individual property issues and broader market recalibration rather than definitive proof of a buyer's market. Here's why: It's Not a Pure Buyer's Market Yet: Despite increased inventory and...

Market Shifts – Warning Sign or Isolated Case? Part 1

The Journey from $1.5M to $799K A property in Ocean Grove, New Jersey tells a sobering story about real estate optimism colliding with market reality. Since April 2024, this home has undergone a dramatic repricing odyssey, starting at an ambitious $1.5 million and...

New Jersey October Sales

October Sales for New Jersey  U.S. existing-home sales climbed 1.5% month-over-month and 4.1% year-over-year, reaching a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). The...

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