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 | Mar 9, 2021 | 2021 Topics, Housing, Inventory, Inventory Shrinkage
Some of the reportage on the market characterizes the inventory shrinkage as a loss of new listings, rather than the voracious buyer appetite in this historic real estate market. In one report, the journalist indicated that they discovered there were half as many...
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...
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%...
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