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BIDDING WARS Breaking Out in New Jersey

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...

Soaring Home Prices Give Flippers Biggest Return 

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...

Home Sales Climb in Northeast Alone

by Anthony | Nov 9, 2020 | Construction, Counsellors Title Agency, Existing Home Sales, Housing, Inventory, Real Estate News

According to the National Association of Realtors, home sales on existing homes increased in the Northeast by 2% at 27.7% annually. The Northeast’s sustained month-to-month increase was due primarily to the exodus from densely populated areas into more suburban...

New Home Sales Soar

by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News

Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...

New Home Sales Hit 16-Year High

by Anthony | Oct 15, 2020 | 2020 Trends, Construction, Housing, Real Estate News

The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...

The 2020 Real Estate Boom

by Anthony | Sep 22, 2020 | 2020 Trends, Construction, Counsellors Title Agency, Housing, Real Estate News

In the middle of a pandemic, in the middle of a massive recession with job losses being registered in the millions, there is a boom happening in the real estate industry. This time can only be described as a convergence of trends that have been in the making for...
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