by Anthony | Jun 24, 2021 | 2021 Topics, Construction, Inventory, Inventory Shrinkage
Guess who owns 12,556 homes in Atlanta? An interesting point: it’s a spin-off from the world’s largest private equity company, BlackRock, also known as Invitation Homes. Why is that important? According to a recent article, in certain Atlanta zip codes,...
by Anthony | Jun 10, 2021 | 2021 Topics, Construction, COVID19, First-Time Buyers, Housing, Inventory Shrinkage, Real Estate News
In many cases there is a great deal of panic out there, which is the result of a historic inventory shortage in the housing supply. Never before have inventory levels fallen into the levels of one month supply. And in addition, the interest rates are slowly creeping...
by Anthony | May 21, 2021 | Construction, Housing, Inventory Shrinkage, Real Estate News
According to a report published by Redfin the national median home price was $370,528 for the month of April. This represents a 22% increase year-over-year from 2020. This also represents a new all-time high record for the month of April. Another interesting metric in...
by Anthony | May 5, 2021 | 2021 Topics, Construction, Housing, Inventory, lumber
For the last 18 months, home prices have been increasing at an unrelenting rate. In many New Jersey counties, the average home price increased by 20% or more. New Jersey March Median Price Changes Monmouth County + 22.3% Ocean County + 24.$% Middlesex County + 17.7%...
by Anthony | Feb 18, 2021 | 2021 Topics, Construction, First-Time Buyers, New York CIty, NJ, NJ Monthly Sales Reports, Real Estate News, Uncategorized
The surge of buyers into New Jersey’s counties adjacent to New York City has ranked them as 4 out of the top 10 for first-time buyers. The percentage of first-time buyers has now climbed to 39% nationwide; this is up from 30% reported back in 2016. The demand...
by Anthony | Dec 18, 2020 | 2020 Trends, Construction, Inventory Shrinkage
The surge in residential real estate, especially in suburban and rural markets, has given home flippers a big boost to their bottom lines. Inventory shortages are not only benefiting sellers in this market but those individuals who were able to purchase distressed...
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