Home Ownership Costs

Home Ownership Costs Closing Costs: Taxes and escrow payments, legal fees, recording fees and title insurance (between 3-4% of the purchase price), and of course the down payment. The mortgage: the average mortgage payment per month on a 30-year fixed mortgage in New...

The New Normal – High Real Estate Taxes

PA and SC Catching Up to NJ: Higher Taxes in Pennsylvania and South Carolina By: Anthony DiMaio Governments have big appetites, especially when it comes to real estate taxes, as we are finding out. I recently randomly reviewed the property taxes for a home located in...

New Single-Family Homes Get Smaller

The inventory shortage has had a dramatic impact upon the price of a home. And as we have seen, availability isn’t the only issue; price has become problematic, especially for first-time home buyers. That is one of the reasons why home builders are attempting to...

US Housing Market Climbing to $47 Trillion

The recent analysis from Redfin indicates that the US housing market inched its way higher to nearly hit $47 trillion in value. That is an increase of $400 billion from 2022. This steady climb is attributed to the historic shortage of availability of homes for sale on...

Hudson County July Sales

Hudson County Single Family Homes for July Key Metrics       2022       2023     Change New Listings     147        89      – 39.5% Closed Sales      82        66      – 19.5% DOM*                30         34     + 13.3% Median PX       $555K    $613K     + 10.4% %...