by Anthony | Jul 21, 2022 | 2022, First-Time Buyers, Manhattan, New York CIty, Rentals
Affordability is now becoming a roadblock to home ownership and affordable rentals. With the median price for a single-family home hitting $460,000 this past May, first-time buyers are being forced to put their home purchase plans on hold. The consequence of these...
by Anthony | Jun 28, 2022 | Existing Home Sales, Housing, Inventory Shrinkage, Real Estate News, Rentals
As we discovered in the recent realtor.com YouTube video, the median rent for 0- to 2-bedroom rental homes across the 50 largest metropolitan areas across the country hit an all-time high of $1,849 in May. This represents the 15th consecutive month of a new record...
by Anthony | Jun 6, 2022 | 2022, Housing, Inflation, Inventory, NJ Real Estate News, Rentals
For the last two-and-a-half years the real estate market has been in such an accelerated trend that it was acting more like the stock market rather than the real estate market. In contrast with the inflated market that led to the 2008 crash of the stock and real...
by Anthony | Mar 18, 2022 | 2022, Disruption, Real Estate News, Rentals
The inventory crisis that has plagued the real estate market for the last two years is now bumping heads with the supply chain issues that are curtailing builders’ abilities to meet demands for new homes. On top of it all, inflation has hit the economy like a tractor...
by Anthony | Mar 1, 2022 | 2022, Existing Home Sales, Housing, Real Estate News, Rentals
OVERPRICED? A recent report being cited by MarketWatch indicates that the coastal towns are not the big winners in this bonanza real estate market. The typical places that we would expect to be overvalued are not – Los Angeles and New York – but actually the number...
by Anthony | Jan 25, 2022 | 2022, Rentals
Inflation seems to have hit the housing market again according to a recent report published by Redfin. December mortgage payments for home buyers skyrocketed by 21.6% from December 2020, coming in at $1,553. Mortgage payments aren’t the only thing rising; the...
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