Morris and Middlesex Counties  Morris County Single Family Homes for January Key Metrics       2021       2022     Change New Listings       410         316     – 22.9% Closed Sales      392         335     – 14.5% DOM*                   41           37      – 9.8%...

Monmouth County Single Family Homes for January Key Metrics       2021       2022     Change New Listings       611         488     – 20.1% Closed Sales      539         449     – 16.7% DOM*                   46           39      – 15.2% Median PX        $550K   ...

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of...

OVERPRICED?  A recent report being cited by MarketWatch indicates that the coastal towns are not the big winners in this bonanza real estate market. The typical places that we would expect to be overvalued are not – Los Angeles and New York – but actually the number...

The Mortgage Bankers Association reported that the forbearance rate fell to 1.3% in January from 1.41% in December. This translated into approximately 650,000 homeowners who were in forbearance as of January 31st. This metric has only been calculated by the MBA for...

Aspire Program New Jersey's Aspire program is opening up for applications as part of the state's $14.5 billion Economic Recovery Act. The incentive for the program was intended to attract economic development and commercial and residential real estate projects in...

Core Headlines from Gary Keller Gary Keller gave an important speech in Orlando, Florida to the 12,000 people who were in attendance at the Keller Williams event. The presentation was the first of its kind since the pandemic, in which the KW founder spent...

Marketing Chemistry It takes energy to market yourself in this economy, especially when some of the marketing initiatives you will have to undertake will be new, requiring you to spend time to learn how to use them. Unlike paper supplies, marketing energy can't be...

At the core of this market is the fact that there is a new generation of home buyers entering this very constricted real estate market with very limited options. So, with high buyer demand, and even higher interest rates, housing will continue to appreciate, but...

Presidents' Day is a federal holiday celebrated on the third Monday in February; Presidents' Day 2022 will occur on Monday, February 21. Originally established in 1885 in recognition of President George Washington, the holiday became popularly known as Presidents' Day...

Just two months ago the experts were predicting the residential real estate market would appreciate in 2022 by 4%. There was even some consideration that the market might retreat to a deficit. But that's all history now. As we are now deeply into 2022, the consensus...

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