Wishing All of our Friends, Clients and Associates a Great Columbus Day! We look forward to a record finish for the fourth quarter of 2022. HOLIDAY OFFICE HOURS The Office is Closed Monday, October 10th. We will reopen: Tuesday, October 11th, 8:30 a.m. 

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Morris and Middlesex Counties Morris County Single Family Homes for August Key Metrics       2021       2022     Change New Listings       590         412     – 30.2% Closed Sales      649         560     – 13.7% DOM*                   30           26      – 13.3%...

CoreLogic published its research this month reporting that over the last 12 months, home prices nationwide, including distressed sales, increased year-over-year by 15.8% in July 2022 compared with July 2021. Yet, there was a distinct slowdown on prices on a...

According to a recent Wall Street Journal article, inventory isn't the only issue facing the buyers and sellers within the real estate industry: right now, the United States as a country is short on land, specifically buildable land. The article mentions that land...

https://youtu.be/Ig9BK5bGtp0 Market Update from 9/30/2022 Inflation trends - the Fed expects to continue to raise rates Inflation continues to be a negative factor, which the Fed believes it can control by raising interest rates. Unemployment trends - Initial claims...

FREE Tour of Battery Lewis   Saturdays & Sundays, October 1 & 2, 8 & 9, and 15 & 16 from 12-4 p.m. Hartshorne Woods Park, Highlands – Rocky Point section Tour the restored Historic Battery Lewis and learn about the history of this important former...

Monmouth County Single Family Homes for August  Key Metrics       2021       2022      Change New Listings       849         809       – 4.7% Closed Sales      721         621       – 13.9% DOM*                   31           24        – 22.6% Median PX        $610K ...

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the...

The Federal Reserve believes that the present housing market needs a correction. Jay Powell indicated that the level of appreciation is moving at an unsustainable level and was looking through Jed policies to reduce inflation within residential real estate. By raising...

https://www.youtube.com/watch?v=wYIu4L-5Jug Unemployment claims for week of 9/17 totaled 213,000 +5,000 Continuing claims 1,379,000 were down by 22,000 Inflation is at a 40-year high Mortgage frates for the 30-year fixed rate came in at 6.29% Rising interest rates...

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