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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%...

Nationally, existing home sales recently dropped to a 6-month low, falling 7.2% as buyers struggled to find a home amid rising prices and historic low inventory. Pending sales are also down, declining 4.1% as of last measure, according to the National Association of...

The average person will own 3 homes in their lifetime. So the choice of title insurance will protect them against defects in the property's title is crucial. Title insurance provides protection to mortgage lenders and homebuyers against defects or problems with a...

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The Surge in Warehouse Construction There is clearly a scramble for buildable parcels of land, especially for warehouse use. New Jersey is in the middle of an ongoing warehouse construction boom as a result of the surging demand created by online shopping, where...

https://youtu.be/uPR9SNpBJAU George Ratiu, Manager of Economic Research, discusses the changing economic and real estate landscape as we move through spring. He covers the sharp increase in prices which are taking a bigger bite out of Americans’ paychecks. He mentions...