Monmouth’s Biggest Tax Bills

Monmouth County’s average property tax bill came in at $8,975 during 2017, a bill that was about $300 higher than the state average. NJ property taxes: Schools soak up more than half of the average tax bills. This features the top dozen properties and what they...

Rents Spike in New Zillow Report

The median monthly rent has climbed 3% year-over-year in June, reaching $1,483 in the U.S. today. This is an all-time high. Home values, on the other hand, have slowed down in their appreciation to 5.2% from the 7.6% recorded back in 2018. According to the Zillow...

Home Price Trend Higher

Home prices nationwide came in at 3.4% in June 2019 according to the recent CoreLogic analysis. This increase exceeds the inflation rate but still is manageable and in no way reflects the overheated real estate market of 2006-7. This is also a far slower pace of...

Refis Surge

Refinances accounted for 12% of the loans for the week, increasing by 116% from 2018. Total mortgage application volume increased 5.3% from the prior week, with volume surging by 46.5% from 2018.  According to the Mortgage Bankers Association [MBA], the average...

Negative Equity Falls to 4.1%

Key Findings on the Economic Influence of Housing The number of homes with negative equity has decreased. Total percent of homes underwater went from 25.9% in the first quarter of 2010 to 4.1% in the first quarter of 2019. Total home equity hits new record At the end...