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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...

Read this week's Title Wise.  

The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact...

Affordability is the new real estate buzzword. The last two years the inventory shortage that has impacted the market has ultimately driven prices over the last 30 months to hit all-time highs. In addition to making it somewhat lucrative for sellers of homes, the rise...