Happy Columbus Day

Wishing All of our Friends, Clients and Associates a Great Columbus Day! We look forward to a record finish for the fourth quarter of 2022. HOLIDAY OFFICE HOURS The Office is Closed Monday, October 10th. We will reopen: Tuesday, October 11th, 8:30...

Morris & Middlesex County August Sales

Morris and Middlesex Counties Morris County Single Family Homes for August Key Metrics       2021       2022     Change New Listings       590         412     – 30.2% Closed Sales      649         560     – 13.7% DOM*                   30           26      – 13.3%...

Home Appreciation Predicted to Slow Down

CoreLogic published its research this month reporting that over the last 12 months, home prices nationwide, including distressed sales, increased year-over-year by 15.8% in July 2022 compared with July 2021. Yet, there was a distinct slowdown on prices on a...

Land Shortages Driving Home Prices Higher

According to a recent Wall Street Journal article, inventory isn’t the only issue facing the buyers and sellers within the real estate industry: right now, the United States as a country is short on land, specifically buildable land. The article mentions that...

Active Listings Soar 26 Percent

Market Update from 9/30/2022 Inflation trends – the Fed expects to continue to raise rates Inflation continues to be a negative factor, which the Fed believes it can control by raising interest rates. Unemployment trends – Initial claims for 9/24 fell to...