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Ralph’s Blogs

Builders Wonder – Plateau or Cliff

A plateau or a cliff? Many within the housing and real estate markets are wondering whether this market has lost its mojo and is plateauing or if it is about to go over an economic cliff. At one point there seemed to be a never-ending demand for new houses and...

Tampa Tantrum – Prices Cave-In

One recent Tampa listing fell so severely that this house listing was reduced by $110,000 in just a few months. In New Jersey: Many other markets are seeing significant falloff from the surge in interest rates and the unaffordable prices of many homes. One such case...

Inventory Grows and So Do Mortgage Rates

https://www.youtube.com/watch?v=SkJiBmdXhis The numbers are confirming that the active inventory of homes for sale is growing even as mortgage rates surpass 7%. According to the National Association of Realtors, the current trend boasted active listings to above their...

The Value of Title Insurance

The Importance of Title Insurance The value of title insurance especially for many homeowners, is the fact that their property is their largest investment—and that’s worth protecting! An Owner’s Policy...

Inventory, Affordability and Interest Rates

If there's one metaphor that can possibly be applied to this housing market, it's one big obstacle course. Now with the prices of homes at all-time highs, and inventories at many times all-time lows, interest rates are now climbing into the 7% range, and with the...

Hudson County September Existing Sales

Hudson County Single Family Homes for September Key Metrics       2021       2022     Change New Listings       134         132      – 1.5% Closed Sales        76           71      – 6.6% DOM*                   44           30       – 31.8% Median PX       $475K   ...

Morris and Middlesex September Existing Sales

Morris and Middlesex Counties Morris County Single Family Homes for September Key Metrics 2021 2022 Change New Listings 591 428 – 27.8% Closed Sales 493 443 – 19.1% DOM* 30 32 + 6.7% Median PX $560K $617K + 10.1% % of PX 101.6%...

September Existing Sales Bergen and Passaic

Bergen and Passaic Counties Bergen County Single Family Homes for September Key Metrics 2021 2022 Change New Listings 833 659 – 20.9% Closed Sales 742 603 – 18.7% DOM* 32 34 + 6.3% Median PX $605K $654K + 8.1% % of PX 101.3%...

Paying the Right Price for a Home

Some markets are very sequential and ordered; but the market that we've been in for the last nearly 3 years is anything but normal. As a matter of fact, normal isn't even used when discussing a property. In a recent article in Money magazine, approximately 1/3 of all...

Existing Home Sales Fall to 2010 Level

 ■ GDP growth trends GDP increased this past quart  ■ Durable goods trends: orders for durable goods increase  ■ Labor market trends, unemployment trends unemployment claims climbed to 217K, continuing claims also increase to 1,438,000 + 55K  ■ Inflation trends...

New Listings

422 St. Thomas Drive

104 Canterbury Lane, Toms River

51 Lions Head Blvd South, Brick, NJ
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9 Edgewater Dr, Toms River, NJ
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