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 9, 2021 | 2021 Topics, Moving, New Jersey News, New York CIty, NJ
New Jersey, New York, Illinois, Connecticut and California topped the states with the most number of people moving out of them. States showing inbound movement included Florida and South Carolina. COVID-19 became the big trigger causing many people to move in 2020....
by Anthony | Oct 19, 2020 | 2020 Trends, commercial real estate, COVID19, New York CIty, NJ
The problem with a cliff is that once you accidentally fall off one, there is not much to grab onto. The current condition of New York City commercial real estate is probably looking at a cliff scenario. The pedestrian and retail traffic is just not coming back to the...
by Anthony | Aug 18, 2020 | New York CIty, NJ, NJ Real Estate News
As residents continue to leave the high-density urban areas such as New York City for areas less populated and with lower rates of virus infections, they’re finding places such as the suburbs of New Jersey and upper New York. National figures have been slow to...
by Anthony | Jun 24, 2020 | 2020 Trends, New Jersey News, NJ, NJ Monthly Sales Reports, NJ Real Estate News
While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people nationwide filed initial unemployment claims according to the United States Department of Labor,...
by Anthony | Jun 18, 2020 | Housing, Inventory, NJ, Real Estate News
According to Redfin, housing demand was up 25% year-over-year for the first week in June. In some cases there was a slingshot effect, as in the case of Atlanta, where pending home sales surged by 20% year-over-year from 2019. Even though the Atlanta and Southeast...
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