by Anthony | Mar 7, 2022 | Uncategorized
The current state of commercial real estate remains solid, with several economic drivers seen as being responsible for this: â– Low inventory of available inventory of existing starter homes â– Inability of construction firms to...
by Anthony | Mar 4, 2022 | Uncategorized
Morris and Middlesex Counties Morris County Single Family Homes for January Key Metrics 2021 2022 Change New Listings 410 316 – 22.9% Closed Sales 392 335 – 14.5% DOM* 41 37 – 9.8% Median PX $517K $580K +...
by Anthony | Mar 3, 2022 | Uncategorized
Monmouth County Single Family Homes for January Key Metrics 2021 2022 Change New Listings 611 488 – 20.1% Closed Sales 539 449 – 16.7% DOM* 46 39 – 15.2% Median PX $550K $580K + 5.5% % of PX 99.5% 100.8% +...
by Anthony | Mar 2, 2022 | Uncategorized
The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take...
by Anthony | Mar 1, 2022 | Uncategorized
OVERPRICED? A recent report being cited by MarketWatch indicates that the coastal towns are not the big winners in this bonanza real estate market. The typical places that we would expect to be overvalued are not – Los Angeles and New York – but actually the number...
by Anthony | Feb 28, 2022 | Uncategorized
The Mortgage Bankers Association reported that the forbearance rate fell to 1.3% in January from 1.41% in December. This translated into approximately 650,000 homeowners who were in forbearance as of January 31st. This metric has only been calculated by the MBA for...
