by Anthony | Oct 23, 2020 | Inventory, Inventory Shrinkage, Real Estate News
While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...
by Anthony | Oct 20, 2020 | Construction, Counsellors Title Agency, Housing, Inventory, Real Estate News
Finally it appears that the construction industry is moving ahead at full steam. It was reported that new home sales grew to a new high, reaching an annual rate of 1.01 million units in August 2020. This represents a 43.2% increase from just one year ago in 2019,...
by Anthony | Oct 16, 2020 | Marketing, NJ Real Estate News, Real Estate News
Many of the networks that we relied upon for business, friendship and referrals don’t exist anymore, or at least they have demonstrably changed. The old coffee shop, the breakfast place where you used to meet. All of the old geographies, the emotional geographies we...
by Anthony | Oct 15, 2020 | 2020 Trends, Construction, Housing, Real Estate News
The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...
by Anthony | Oct 14, 2020 | 2020 Trends, Existing Home Sales, Housing, Real Estate News
August’s existing home sales continued its upward trend. This momentum was reported for all four regions, Northeast, Midwest, South and West. Sales increased year-over-year by 10.5% from 2019, on target to hit 6 million transactions, up from 5.43 million...
by Anthony | Oct 13, 2020 | 2020 Trends, Mortgages, Real Estate News
Nationally Freddie Mac reported that mortgage rates have stayed below 3% for 11 consecutive weeks. This has clearly had an impact on the robust housing market. The average US mortgage for a 30-year fixed loan fell one basis point to 2.87% this past week. The fixed...
Recent Comments