by Anthony | May 12, 2021 | 2021 Topics, Fannie Mae, First-Time Buyers, Housing, Inventory, Inventory Shrinkage, lumber, Real Estate News
Buying a Home Today Strategy is perhaps the number one skill that a homebuyer needs to have in addition to a down payment. Actually, a down payment and a job that is resistant to pandemics and the economics of a pandemic. Up until February of 2020, even though...
by Anthony | May 6, 2021 | 2021 Topics, Housing, How to's
The Escalation Clause First of all, escalation clauses are permissible in the state of New Jersey. In a bidding war, buyers and sellers have to adapt to the market’s temperature. More buyers are using escalation clauses when making an offer to purchase a home....
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 | May 3, 2021 | 2021 Topics, commercial real estate, COVID19, Housing, Inventory, Monmouth County NJ
Will the surge in demand for residential housing result in malls being converted into housing? Mall vacancies continue to increase and retailers look for other ways to sell their goods. According to Moody’s Analytics, the vacancy rate for regional malls in the...
by Anthony | Apr 26, 2021 | 2021 Topics, Housing, Inventory Shrinkage, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News
March 2021 New Jersey Sales Resutls Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates....
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