by Anthony | Jun 28, 2021 | 2021 Topics, Existing Home Sales, Housing, Inventory, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News
As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide,...
by Anthony | Jun 23, 2021 | 2021 Topics, Existing Home Sales, Housing, Real Estate News
The National Association of Realtors reported that sales for existing homes soared by over 44% year-over-year for May 2021. Approximately 5.8 million homes were sold, which is still above pre-pandemic levels. The crisis in the inventory shortage nationwide continues...
by Anthony | Jun 16, 2021 | 2021 Topics, Existing Home Sales, Housing, Monmouth County NJ, NJ Real Estate News
Initially, it was inventory shortages, and then it was labor shortages, and then it was building supply price increases, but when you come down to it, right now the biggest barrier to entry in this real estate market is inflation. The fed’s decision to keep...
by Anthony | Jun 8, 2021 | 2021 Topics, Existing Home Sales, Inventory, Inventory Shrinkage, Real Estate News
Plummeting Inventory The scarcity of available existing homes for sale has been a matter of concern over the last three-and-a-half years. Ever since the housing crash of 2008, builders are highly wary of building before they have buyers in hand. Too many builders took...
by Anthony | May 24, 2021 | 2021 Topics, Existing Home Sales, First-Time Buyers, Housing, Inventory, Real Estate News
April sales for existing homes climbed 33.9% year-over-year. The inventory shortages are clearly placing greater incentive on buyers to lock in sales even if it translates into paying 10% or 20% more than they originally thought they would. April sells in 2021...
by Anthony | May 4, 2021 | Bergen County, Existing Home Sales, NJ Monthly Sales Reports, Passaic & Bergen Counties
Bergen County Single Family Homes for February Key Metrics 2020 2021 Change New Listings 880 1,007 +14.4% Closed Sales 488 652 + 35.7% DOM* 66 50 – 24.2% Median PX $510K $590K + 15.7% %...
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