by Anthony | Mar 25, 2021 | 2021 Topics, New Jersey News, NJ Monthly Sales Reports, NJ Real Estate News
Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up...
by Anthony | Feb 26, 2021 | 2021 Topics, Middlesex, Morris County, NJ Monthly Sales Reports
Morris County Single Family Homes for January Key Metrics 2020 2021 Change New Listings 533 408 – 23.5% Closed Sales 371 390 + 5.1% DOM* 75 41 – 45.3% Median PX $428K $517K + 20.9% %...
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 18, 2021 | 2021 Topics, Construction, First-Time Buyers, New York CIty, NJ, NJ Monthly Sales Reports, Real Estate News, Uncategorized
The surge of buyers into New Jersey’s counties adjacent to New York City has ranked them as 4 out of the top 10 for first-time buyers. The percentage of first-time buyers has now climbed to 39% nationwide; this is up from 30% reported back in 2016. The demand...
by Anthony | Feb 3, 2021 | 2020 Trends, Bergen County, NJ Monthly Sales Reports, NJ Real Estate News, Passaic & Bergen Counties
Bergen County Single Family Homes for December Key Metrics 2019 2020 Change New Listings 396 452 + 14.1% Closed Sales 605 944 + 56.0% DOM* 68 45 – 33.8% Median PX $487K $575K + 17.9% %...
by Anthony | Jan 29, 2021 | 2020 Trends, Essex County, NJ Monthly Sales Reports, NJ Real Estate News, Union County
Union County Single Family Homes for December Key Metrics 2019 2020 Change New Listings 265 280 + 5.7% Closed Sales 433 517 + 19.4% DOM* 57 40 – 29.8% Median PX $400K $443K +...
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