Big Zillow Makes Big Cuts

The big decision of Zillow to close down its iBuying business in November of 2021 may not only reveal a flawed business model but also the segue to a new real estate market climate. Inventories continue to contract, and interest rates for mortgages remain at or near...

September Morris & Middlesex County Sales

Morris and Middlesex Counties Morris & Middlesex County Single Family Homes for September Key Metrics     2020     2021     Change New Listings     813       586      – 27.9% Closed Sales    614       493      – 19.7% DOM*                 51         30      –...

September Sales for Union and Essex Counties

Union and Essex Counties Union County Single Family Homes for September Key Metrics     2020     2021     Change New Listings     667       512      – 23.2% Closed Sales    536       372      – 30.6% DOM*                 44         31      – 29.5% Median PX     $469K ...

September Sales for Bergen and Passaic Counties

Bergen and Passaic Counties Bergen County Single Family Homes for September Key Metrics       2020     2021     Change New Listings     1,139      819      – 28.1% Closed Sales       874      738      – 15.6% DOM*                   51         32      – 37.3% Median...

New Monmouth County ERAP Jumps to $30,000

The Monmouth County Board of County Commissioners announced significant changes to the emergency rental assistance program, AKA “Monmouth County ERAP.” New Ceiling Goes to $30,000 The changes will demonstrably increase the total maximum amount of funds from the...