Mortgage Rates – 2020 Trends to Track

Other factors that will play a significant role in the 2020 real estate landscape will be the low interest rate market. A recent article in Housingwire identified that the average rate for a 30-year fixed mortgage was 3.7%. This compares with the 4.8% rate recorded...

Morris & Middlesex October Sales

Morris County Single Family Homes for November Key Metrics       2018   2019   Change New Listings        462    433    – 6.3% Closed Sales       412   407    + 7.2% DOM*                   69    62     + 11.7% Median PX     $441K  $420K  + 4.8% % of PX          97.5% ...

NJ Monmouth & Ocean November Sales

Monmouth County Single Family Homes for November Key Metrics    2018   2019   Change New Listings   626    551    – 12.0% Closed Sales     516   553   + 7.2% DOM*                60      67   + 11.7% Median PX     $431K  $452K  + 4.8% % of PX      98.0%   97.0%  – 1.0%...

NJ December Real Estate Sales

In November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1% from last year at this time. Residential new...