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Lumber Prices Stay Elevated

by Anthony | Jan 13, 2022 | 2022, Construction, COVID19, lumber, Real Estate News

Material Costs for Construction Continue to Escalate  Lumber prices appear to be still adding additional cost to new construction. With the record low number of existing homes available for sale, contractors and builders would normally be ecstatic over the shortages....

Housing Demand Continues to Drive Prices

by Anthony | Aug 27, 2021 | First-Time Buyers, Housing, lumber, New Jersey News, Real Estate News

Little change has occurred within the real estate market over the last few months to change buyer demand and seller excitement. Potentially, what might be helpful to the market, in the long-term but not in the short-term, is the falling price in lumber futures. We...

NJ Housing Points to Green Pastures Ahead

by Anthony | Jul 27, 2021 | Housing, Inventory, Inventory Shrinkage, lumber, Millennials

What is clear is that the current housing market doesn’t follow the traditional paths it had traveled during the years 1999-2019. The pandemic changed all of that. But behind the scenes, what was slowly taking place was the erosion of available existing homes...

Home Buying 2021

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...

Lumber and Material Costs Are Up

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%...

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