Title Wise Newsletter

How much house can you afford? Searching for your first home purchase is probably very long on the list when it comes to making sure your deal closes. Number one financial factor: before you think about buying your first house, you have to know your house buying...

https://youtu.be/eNHTKG52TTw This video discusses how the slowdown in manufacturing and service industries owing to labor and supply shortages. It mentions that car sales declined in April. The video also covers the good news on the employment front. A record number...

Union & Essex Counties Union County Single Family Homes for March Key Metrics 2021 2022 Change New Listings 657 542 – 17.5% Closed Sales 397 319 – 19.6% DOM* 45 34 + 24.4% Median PX $456K $493K + 8.0% % of PX 101.1% 102.4% +...

Happy Mother's Day So this Mother's Day, Counsellors Title Agency celebrates the families and mothers of all of our friends, partners, clients and associates. Without them, nothing would be possible. Ralph Aponte and the staff of Counsellers Title Agency

Huson County Single Family Homes for March Key Metrics 2021 2022 Change New Listings 142 154 – 4.2% Closed Sales 101 75 – 12.6% DOM* 59 52 – 20.0% Median PX $415K $502K + 0.8% % PX Rec’d...

Bergen and Passaic Counties Bergen County Single Family Homes for March Key Metrics 2021 2022 Change New Listings 1,050 938 – 10.7% Closed Sales 666 513 – 23.0% DOM* 51 44 – 13.7% Median PX $590K $641K + 8.6%...

https://www.youtube.com/watch?v=AyrHYbPQqkE Affordability, Inventory Shortages and Higher Interest Rate  

CoreLogic reports 12 consecutive months of annual home price increases. The home price increases are only further complicated by the rising mortgage rates that have crossed the 5% line. Except for a few days in 2018, mortgage rates have been below the 5% benchmark...

Morris and Middlesex Counties Morris County Single Family Homes for March Key Metrics 2021 2022 Change New Listings 719 569 – 20.9% Closed Sales 404 336 – 16.8% DOM* 47 38 – 19.1% Median PX $545K $575K + 5.5%...

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Monmouth County Single Family Homes for March Key Metrics 2021 2022 Change New Listings 890 804 – 9.7% Closed Sales 550 434 – 21.1% DOM* 53 39 – 26.4% Median PX $546K $590K + 8.1% % of PX 99.8% 101.8% + 2.0%...