by anthony | Jan 24, 2020 | 2020 Trends, NJ Monthly Sales Reports, NJ Real Estate News
In 2019 home prices were up again in most markets. Buyer demand continues to be strong but with tepid seller activity still in many locations, total sales are lower than they would normally be in a more balanced market. While up from their recent lows a few months...
by anthony | Jan 22, 2020 | NJ Real Estate News, Real Estate News
December U.S. home-sales, as reported by Redfin, skyrocketed by 6.9% year-over-year with a median price of $312,500. This represented the fifth consecutive month of increases, and a jump of 1.0% from November on a seasonally-adjusted basis. In its press release Redfin...
by anthony | Jan 13, 2020 | Inventory, NJ Real Estate News
The potential solutions that could possibly change the trajectory of massive shortages of homes for sale will rest upon home builders who will build on the available buildable lots in order to fill in the gaps. The National Association of Realtors this past week...
by anthony | Dec 26, 2019 | NJ Real Estate News, Uncategorized
In November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1% from last year at this time. Residential new...
by anthony | Dec 23, 2019 | NJ Real Estate News
What distinguishes these counties from other New Jersey counties are a few factors including, proximity to Philadelphia. George Ratiu said, “As Millennials – the largest cohort of buyers in U.S. history – embrace homeownership and take advantage of this year’s...
by anthony | Dec 11, 2019 | NJ Real Estate News
These terms will give you the understanding necessary when determining your home’s current market value [CMV]. Undoubtedly, the best way to determine your home’s current market value is to have a licensed real estate agent provide you with a market...
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