by Anthony | Jul 10, 2020 | 2020 Trends, COVID19, Housing, NJ Real Estate News
Some real estate experts are expecting that the migration out of the New York City is going to be a prolonged period, possibly lasting up to 2 years. The exodus not only involves those renting in towns such as the Big Apple, but also is pushing businesses to find...
by Anthony | Jul 9, 2020 | Counsellors Title Agency, Housing, Real Estate News
Excluding many of the major COVID-19 hotspots, buyers appear to be ready, willing and more than able to jump back into the real estate market this past May. Nationally, pending home sales surged by 44.3% in May in comparison with April 2020, according to the...
by Anthony | Jul 8, 2020 | COVID19, Housing, Rentals
As compared to the average price for homes on a year-over-year basis, rental prices have not kept pace with the same momentum. Over the last 12 months rents for single-family homes grew by only 2.4% year-over-year in April. This metric is the result of CoreLogic...
by Anthony | Jun 18, 2020 | Housing, Inventory, NJ, Real Estate News
According to Redfin, housing demand was up 25% year-over-year for the first week in June. In some cases there was a slingshot effect, as in the case of Atlanta, where pending home sales surged by 20% year-over-year from 2019. Even though the Atlanta and Southeast...
by Anthony | Jun 17, 2020 | Construction, Housing
Homebuilder sentiment jumped an historic striking 21 points in June to 58. Fast Stats – Builder Sentiment ■ Northeast increased to 48 points from 31 ■ South increased to 62, up 20 points ■ Midwest increased to 51, up 19 points ■ West increased to 66, up 22...
by Anthony | Jun 11, 2020 | 2020 Trends, COVID19, Housing, Inventory, Real Estate News
A year ago who would have considered that an unemployment rate of 13.3% would be considered a positive development? But then one year ago, who would have considered that we would have been dealing with a pandemic for the last 3 months? Many of the real estate experts...
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