by Anthony | Mar 30, 2020 | 2020 Trends, Business Tips, COVID19, Disruption
Last week 3.3 million workers applied for unemployment insurance. In addition to being an all-time record, it exceeded the projections of many economists who were expecting just 2 million. Combining last week’s applications with the prior week’s numbers of...
by Anthony | Mar 27, 2020 | 2020 Trends, Essex County, NJ Monthly Sales Reports, NJ Real Estate News
Bergen and Essex counties reported marked increases in both the number of closed sales and median prices for single family homes during the month of February. What continues to plague these counties is the inventory shortage for Bergen and Essex to just 3.4 months...
by Anthony | Mar 25, 2020 | 2020 Trends, Monmouth County NJ, NJ Real Estate News, Ocean County
Monmouth County Single Family Homes for February Key Metrics 2019 2020 Change New Listings 901 922 + 2.3% Closed Sales 373 355 – 4.8% DOM* 77 73 – 5.2% Median PX $410K $450K + 9.6% % of PX 96.0% 97.1% + 1.1% Inventory 2,672 2,196 – 17.8% Months Supply 4.6...
by Anthony | Mar 24, 2020 | 2020 Trends, NJ Real Estate News
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...
by Anthony | Mar 20, 2020 | 2020 Trends, Real Estate News
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...
by Anthony | Mar 13, 2020 | 2020 Trends, Business Tips, Monmouth County NJ, Ocean County, Real Estate News
Currently, the CDC is recommending that if you’ve visited China, South Korea, Iran, Italy or Japan in the past 14 days; have been in close contact with someone who has traveled to China, South Korea, Iran, Italy or Japan in the past 14 days; or had close contact...
Recent Comments