by Anthony | Oct 23, 2020 | Inventory, Inventory Shrinkage, Real Estate News
While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...
by Anthony | Aug 26, 2020 | Inventory Shrinkage, New Jersey News, NJ Real Estate News, Real Estate News
While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but...
by Anthony | Aug 24, 2020 | 2020 Trends, Housing, Inventory, Inventory Shrinkage, Real Estate News
July home sales surged by 24.72% year-over-year. Obviously the Chinese virus, resulting in the worldwide pandemic, held back much of the classic and traditional spring home buying season, squeezing a riot of home buyers into the market, driving transactions and higher...
by Anthony | Jul 20, 2020 | Construction, Housing, Inventory Shrinkage, Real Estate News
The National Association of Home Builders published their most recent home builder sentiment report, indicating that overall home builder sentiment shot up by 14 points to 72 in July. All three components of the HMI index increased: ■ Current sales increased 16 points...
by Anthony | Jun 26, 2020 | Inventory Shrinkage, Morris County, NJ Real Estate News
Morris County Single Family Homes for May Key Metrics 2019 2020 Change New Listings 1,076 693 – 35.6% Closed Sales 473 318 – 32.8% DOM* 57 55 – 3.5% Median PX $455K ...
by Anthony | Jun 5, 2020 | Inventory Shrinkage, Manhattan, Real Estate News
The Wuhan pandemic, which made Manhattan an epicenter of the virus, had a catastrophic impact upon the number of real estate contracts signed in May. For the month, there were just 160 signed, which compares with 992 signed in May of 2019. This represents an 84% drop...
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