October Events in Monmouth County

by | Sep 30, 2022 | Uncategorized

FREE Tour of Battery Lewis   Saturdays & Sundays, October 1 & 2, 8 & 9, and 15 & 16 from 12-4 p.m. Hartshorne Woods Park, Highlands – Rocky Point section Tour the restored Historic Battery Lewis and learn about the history of this important former...

August Monmouth & Ocean County Sales

by | Sep 29, 2022 | Uncategorized

Monmouth County Single Family Homes for August  Key Metrics       2021       2022      Change New Listings       849         809       – 4.7% Closed Sales      721         621       – 13.9% DOM*                   31           24        – 22.6% Median PX        $610K ...

New Jersey August Sales

by | Sep 28, 2022 | Uncategorized

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the...

Fed Comes Down Hard on Housing

by | Sep 27, 2022 | Uncategorized

The Federal Reserve believes that the present housing market needs a correction. Jay Powell indicated that the level of appreciation is moving at an unsustainable level and was looking through Jed policies to reduce inflation within residential real estate. By raising...

Median List Prices Continue to Rise

by | Sep 26, 2022 | Uncategorized

Unemployment claims for week of 9/17 totaled 213,000 +5,000 Continuing claims 1,379,000 were down by 22,000 Inflation is at a 40-year high Mortgage frates for the 30-year fixed rate came in at 6.29% Rising interest rates have cost the average buyer spend $900 more...