The National Association of Realtors reported that sales for existing homes soared by over 44% year-over-year for May 2021. Approximately 5.8 million homes were sold, which is still above pre-pandemic levels. The crisis in the inventory shortage nationwide continues...

To help minimize risks during real estate transactions, the escrow/settlement process was developed to protect the buyer, seller and lender. An escrow account is a temporary holding account that is managed by the escrow holders who is a neutral third party...

New Jersey Ranks as #1 State to Live In https://www.youtube.com/watch?v=UEfFMz8OcuY Most Affordable Alabama 47.52 1 West Virginia 2 Arkansas 3 Education & Health Massachusetts 1 Vermont 2 Connecticut 3 Minnesota 4 New Jersey 5 Safety New Jersey 1 New York 2 New...

History of Father's Day Father’s Day is celebrated annually on the third Sunday in June in the United States, United Kingdom, Canada, India, and a number of other countries around the world. The first known Father’s Day service occurred at the Williams Memorial...

Inventory shortages as well as price increases across the board nationwide are having their collateral impact upon rents for single-family homes. Across the nation, rents for single-family homes have jumped anywhere from 3.9% to 6.1%. The CoreLogic report that tracked...

Initially, it was inventory shortages, and then it was labor shortages, and then it was building supply price increases, but when you come down to it, right now the biggest barrier to entry in this real estate market is inflation. The fed's decision to keep rates...

A checklist when purchasing property without a building. In this kind of market some buyers are willing to purchase a buildable lot if they can't find a house that's right for them. Buildable lots have a different set of checklists that may not be necessary when...

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In many cases there is a great deal of panic out there, which is the result of a historic inventory shortage in the housing supply. Never before have inventory levels fallen into the levels of one month supply. And in addition, the interest rates are slowly creeping...

Percent of Price Received More houses are selling above list price than at any other time since records have been kept on such data. In some cases and in some areas, homes are selling on average in 17 days. Some buyers were so anxious to flee their current urban...

Plummeting Inventory The scarcity of available existing homes for sale has been a matter of concern over the last three-and-a-half years. Ever since the housing crash of 2008, builders are highly wary of building before they have buyers in hand. Too many builders took...

Bergen County   Single Family Homes for April Key Metrics        2020    2021   Change New Listings         430   1,188    + 176.3% Closed Sales        425     637     + 49.9% DOM*                   56        48    –  14.3% Median PX       $550K   $610K   + 10.9% % of...