by Anthony | Mar 23, 2021 | 2021 Topics, Existing Home Sales, First-Time Buyers, Inventory Shrinkage, Real Estate News
Even in the light of the pandemic inventory shortage, buyers continue to come out in droves, specifically Millennials and Generation Xers. In addition to the inventory shortages, the new home buyer is searching out for larger homes to accommodate the work-from-home...
by Anthony | Mar 11, 2021 | 2021 Topics, COVID19, First-Time Buyers, Housing, Inventory Shrinkage, Real Estate News
There are at least 6 factors that will continue to drive this market into even higher record territory. 1. Record Low Mortgage Rates Rates fell below 3% — what is more encouraging is that they continue to run below 3.5%. Such low rates, within the perspective of...
by Anthony | Mar 10, 2021 | 2021 Topics, COVID19, First-Time Buyers, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
A Snapshot of the New Jersey Market Taking a look at the New Jersey single-family home market, back in October of 2018 there were roughly 40,000 homes available for sale. Much of the inventory back in October 2018 was 5.8-months supply. Within 12 months that supply...
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 | Feb 16, 2021 | Bergen County, First-Time Buyers, NJ Real Estate News
New Jersey Sees Surge in the Number of First-Time Buyers First-time home buyers represent a growing share of the home buying population, which is a trend that only accelerated in 2020. According to CoreLogic Fraud Consortium Loan Application data, the percentage of...
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