NJ February Real Estate Results

As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good...

Median Home Price Jumps 8%

Existing home sales jumped in February by 6.5% on a month-to-month basis and it was up 7.2% on a year-over-year basis. In addition the high volume of homes sold cut into the available inventory, causing the homes for sale to fall to 1.47 million or 9.8% on an annual...