New Jersey Law to Cut Property Tax Bills 

by | Jul 19, 2023 | Uncategorized

  A bipartisan bill was passed by both chambers, recently referred to as StayNJ: the program is intended to cut seniors’ property tax bills and will begin to go out in 2026. This program is designed to provide New Jersey homeowners 65 and over tax credits...

June Newly Listed Plummet 26%

by | Jul 18, 2023 | Uncategorized

According to the National Association of Realtors, the Midwest saw listing activity decline by 23.4% compared to 2022, In the Northeast listings also declined 24.6%, and the South reporting a 26.2% drop. The West reported the largest decline, 33.7%. In all regions,...

Consumers Get a Raise in Pay

by | Jul 17, 2023 | Uncategorized

The U.S. Bureau of Labor Statistics released information that for the first time in two years, the hourly earnings for individuals increased by 0.2% on average, compared to May of 2022. This represents a significant economic shift. The report from the Labor Bureau...

New Realities Force NAR to Revise 2023 Forecast

by | Jul 14, 2023 | Uncategorized

The median sales price for a home in May 2020 was $284,000. That was up 2.3% from 2019. Now compare that price to the least expensive state, West Virginia, where the average home price is $147,000. In some ways, the West Virginia home has greater access to highways,...