The Elephant in the Room

The subject of property taxes is a subject that no one is willing to discuss. Right now, the average American pays about $2,149 per year in property taxes, or $180 a month. For the list of states below, that number translates into a monthly charge of $617-$261. As you...

Safety Precautions for This Spring

Tip #1 Keep it light Show properties before dark. If you are going to be working after hours, advise your associate or first-line supervisor of your schedule. If you must show a property after dark, turn on all lights as you go through, and don’t lower any...

Northeast Pending Home Sales Jump 2.3%

The National Association of Realtors reported that regionally, pending home sales in the Northeast rose 2.3% month-to-month and were 3.6% above 2016. In the Midwest sales fell 5.0% for the month and were 3.8% lower than January 2016. Pending home sales in the South...

Monmouth County Closed Sales Up 21 Percent

Monmouth County January Key Metrics  2016  2017  Percent Change New Listings 799  906 + 13.4% Closed Sales 362  440  + 21.5% Days on Market Until Sale 91 74 – 18.7% Median Sales Price $370,000 $406,500  + 9.9% % of PX Received 94.8% 96.5%  + 1.8% Inventory 3,238...

New Jersey Pending Home Sales Soar

New Jersey January Market Trends • Single Family Closed Sales were up 13.1% to 4,930. • Townhouse-Condo Closed Sales were up 7.4% to 1,438. • Adult Communities Closed Sales were up 16.4% to 440. • Single Family Median Sales Price increased 1.1% to $288,000. •...

Millennial Mortgages and then Marriage

According to the website Zillow, there is a surge of unmarried Millennial couples purchasing homes. The numbers have increased 36%: from 11% in 2005 to 15% in 2016. [Millennials range between the ages of 24 and 35.] This is leading to couples forsaking a marriage...