https://youtu.be/iSafRWPtJIM Inflation, Unemployment, Mortgage rates, mortgage, Active real estate listing trends, home value trends

Record Premiums in 2021 Title insurance premiums for 2021 skyrocketed to $26.2 billion, representing a 35.9% increase over 2020 premiums. The $19.2 billion generated in 2020 was also one of the biggest years ever. The income for the industry also soared by 33.4%...

  Inflation, inventory, and higher prices are creating a bottleneck for new home buyers to step into this fluid real estate market. According to the Mortgage Bankers Association, mortgage application volume fell for the week of June 3rd by 6.5%, representing the...

Truly, homeownership is one of these American phenomena. Mortgages only became generally available after the U.S. banking system came into being after the 1860s through the National Bank Acts. Another milestone was reached when Congress passed the Fair Housing Act of...

Union & Essex Counties Union County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 661 563 – 14.8% Closed Sales 387 349 – 9.8% DOM* 38 33 – 13.2% Median PX $459K $510K + 11.1% %...

● The median listing price grew by 18.2% over 2021 ● Mortgage rates have eased in recent weeks ● But mortgage rates are still over 5% ● In many New Jersey Markets, the price trajectory has eased ● Inventory shortages continue to constrain the number of home sales ●...

For the last two-and-a-half years the real estate market has been in such an accelerated trend that it was acting more like the stock market rather than the real estate market. In contrast with the inflated market that led to the 2008 crash of the stock and real...

Huson County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 153 123 – 19.6% Closed Sales 79 88 + 11.4% DOM* 36 36 – 00.0% Median PX $485K $541K + 11.5% % PX Rec’d 99.8% 100.8% + 1.0%...

Bergen and Passaic Counties Bergen County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 1,234 910 – 26.3% Closed Sales 644 541 – 16.0% DOM* 48 35 – 27.1% Median PX $605K $650K + 7.4%...

Morris and Middlesex Counties Morris County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 781 615 – 21.3% Closed Sales 470 355 – 24.5% DOM* 45 30 – 33.3% Median PX $550K $575K + 4.5%...

Monmouth County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 934 833 – 10.8% Closed Sales 565 491 – 13.1% DOM* 40 31 – 22.5% Median PX $575K $605K + 2.8% % of PX 102.8% 104.9% +...

Memorial Day (originally known as Decoration Day is a federal holiday in the United States for mourning the U.S. military personnel who have died while serving in the United States armed forces. It is observed on the last Monday of May. It was formerly observed on May...