by Anthony | Apr 1, 2020 | COVID19, NJ Real Estate News, Real Estate News
Just when you thought it couldn’t get weirder, homeowners in Toms River may have to pay an average of $116 more a year in their property taxes. The increase is due to the COVID-19 pandemic. This represents an increase of 7% from 63.9 cents to 68.1 cents. This...
by Anthony | Mar 27, 2020 | 2020 Trends, Essex County, NJ Monthly Sales Reports, NJ Real Estate News
Bergen and Essex counties reported marked increases in both the number of closed sales and median prices for single family homes during the month of February. What continues to plague these counties is the inventory shortage for Bergen and Essex to just 3.4 months...
by Anthony | Mar 25, 2020 | 2020 Trends, Monmouth County NJ, NJ Real Estate News, Ocean County
Monmouth County Single Family Homes for February Key Metrics 2019 2020 Change New Listings 901 922 + 2.3% Closed Sales 373 355 – 4.8% DOM* 77 73 – 5.2% Median PX $410K $450K + 9.6% % of PX 96.0% 97.1% + 1.1% Inventory 2,672 2,196 – 17.8% Months Supply 4.6...
by Anthony | Mar 24, 2020 | 2020 Trends, NJ Real Estate News
As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good...
by Anthony | Mar 19, 2020 | NJ Real Estate News, Real Estate News, Title Insurance, Uncategorized
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by Anthony | Mar 11, 2020 | Debt, Foreclosure, NJ, NJ Real Estate News
The growth in the debt for seniors represents a precarious situation for older Americans. More seniors risk running short of money in retirement due to their increased likelihood of holding debt, according to a 2018 report published by the Employee Benefit Research...
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