by Anthony | Mar 22, 2023 | Uncategorized
February Sales Spike The demand for housing in the area of existing home sales climbed 14.5% in February. This represents a shift in the erosion of existing sales that had been on the 12th month skid. It also represents a 22.4% increase year-over-year, which is the...
by Anthony | Mar 21, 2023 | Uncategorized
The nation’s very first outdoor mall is slated for demolition. Liberty Village, located in Flemington, New Jersey, represents the first outdoor mall ever constructed in the country. It will be replaced by a multi-site construction of townhomes with multiple...
by Anthony | Mar 20, 2023 | Uncategorized
Jobless claims ticked up to 211,000, up 21,000 Unemployment stands at 3.6% Net jobs added: 311,000 Hourly earnings increased by 4.6% Y/Y The Fed is expected to raise rates in March Mortgage rates ticked up to 6.73% The housing shortage remains in the...
by Anthony | Mar 17, 2023 | Uncategorized
Guess which state is number one for jobs? No, it’s not New York! It’s Florida. According to the Bureau of Labor Statistics, Florida closed out 2022 with 9,578,500 non-farming jobs, beating out New York State, which had just 9,576,100 jobs. This is the very...
by Anthony | Mar 16, 2023 | Uncategorized
Redfin reported that for December, 2022, the number of homes for sale fell 14.1% to 25,534 from 2021. While the number of newly listed homes was 4,272, down 29.7% from 2021 with the months of supply remained at 2 months, the same as in 2021. The average price in...
by Anthony | Mar 15, 2023 | Uncategorized
The numbers are confirming that the active inventory of homes for sale is growing even as mortgage rates dip to under 7%. According to the National Association of Realtors, the current trend boasted active listings to above their 2020 level in the same month for the...
