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NJ Median Sales Price Up 22.4 Percent

by Anthony | Feb 24, 2021 | 2021 Topics, Existing Home Sales, Housing, Inventory Shrinkage, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited...

Lumber Prices and Inventory Shortages Plague Industry

by Anthony | Feb 23, 2021 | Housing, Inventory, Inventory Shrinkage, New Jersey News

Over the last few years lumber prices have skyrocketed as much as 300%. Dating back to January 2017, housing starts for single-family homes were up strongly by 7%. Then all of a sudden COVID-19 hit and between May and July of 2020, housing starts increased by 17%...

CoreLogic Forecasts Easing of Home Prices

by Anthony | Feb 4, 2021 | Housing, Inventory Shrinkage, Real Estate News

The projections for 2021 are not going to be as ebullient at the end of 2021 as they ended in 2020, according to CoreLogic. The report stated that “Home prices nationwide, including distressed sales, increased year over year by 9.2% in December 2020 compared...

The Disparate Real Estate Markets 

by Anthony | Jan 18, 2021 | 2021 Topics, COVID19, Housing, Manhattan, NJ Real Estate News

Who would have guessed that the real estate market would appreciate in some cases by 25% year-over-year, especially during a pandemic? And yet, that’s exactly what took place in 2020. So should we expect the same market trajectory in 2021? Using the same guidance for...

Homebuyer Demand Continues to Drive Prices

by Anthony | Dec 17, 2020 | 2020 Trends, Existing Home Sales, Housing, Mortgages, Real Estate News, Rentals

Chief Economist Danielle Hale reviews: The impact of the most recent jobless claims The signal for the economic recovery Inflation data Monetary and fiscal decisions that lie ahead The highlights from the November Rent report The effect of historic low mortgage rates...

Commercial Offices Coming Back, Residential Grows Stronger

by Anthony | Dec 15, 2020 | commercial real estate, COVID19, Housing, Inventory, New York CIty

As the pandemic wears on, it appears that commercial real estate agents are expecting a good part of their occupancy to return back to the city. Offices will no longer be crammed with lots of employees. Social distancing, Plexiglas and remote workers will comprise the...
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  • Bergen & Passaic January Sales
  • Union & Essex County January Single Family Sales
  • January Morris and Middlesex County Single Family Sales
  • NJ Median Sales Price Up 22.4 Percent
  • Lumber Prices and Inventory Shortages Plague Industry

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