Ocean and Monmouth County August Existing Sales

OCEAN COUNTRY AUGUST 2017 Ocean County Sales of Single Family homes also grew by 7.7% year-over-year in August. An encouraging sign came in the new listing category which increased by 2.8% year-over-year despite the fact that inventory fell by 21% from 2016. Inventory...

A Snapshot of American Wealth

Net Worth: $81,200 median net worth of an American family is down by 1.93% from previous report in 2013. Net worth is the total value of all the money in a person’s bank accounts and investments, plus property and other assets, minus any debts owed. Saving: The...

How to Research Your First Home Purchase

Here are some tips on how to research your first home. The Public Records Public records can provide you with a great starting point. It will show you trends such as past sales history and tax assessments. Another good area to investigate are the public property...

Facts About Millennials

The 83 million Millennials represent the largest generation in the history of the United States. They also are the first generation that grew up alongside of the Internet. ■ Millennials are saddled with student loan debt. ■ Millennials are making less money than prior...

Homeowner Equity Hits $8 Trillion

CoreLogic reported that homeowner equity reached $8 trillion in Q2 2017, representing a 100% increase from its levels in 2009, when CoreLogic began tracking the figures.  Home Equity Report Q2 2017 ■ 750,000 borrowers achieved positive equity. ■ CoreLogic analysis...

Freddie Mac Sees New Housing Starts Up for 2018

In a press release issued on September 21, 2017, Freddie Mac sees that the scarcity in inventory will receive some relief in the form of 1.33 million new housing starts in 2018. It also projects that current market trends will see an increase in purchase mortgage...