The top end of the market continues to be weak and oversupplied, despite low inventory and solid demand in the low and moderate price ranges. Over the last few years, listings above $1 million in the Somerset Hills region were…
Rising interest rates has resulted in fairly low refinance volume in NJ. And inventory, which remains fairly low has also crept into the picture. Buyers do appear to be out there and signed considerably more contracts in the 1st quarter…
Last year about this time I posted about inventory in Essex County. At the time, inventory was feeling unusually constricted. With the economy heating up and interest rates on the rise, focus seems to be on inventory. So how is inventory…
Staging a home has become increasingly common in New Jersey. There’s a good reason for that. According to numerous studies, staged homes sell faster and for more than non-staged homes. But how does staging play into valuation? It’s all about…
As a stats-nerd I started some research to try to get a sense of the impact we might see from the new tax law to try to predict how and where we might see impacts. In going through it, this…
Looking at some of the more transit – oriented residential markets, we are seeing a definite uptick in contract prices this spring. Taking a look at Summit’s market, for example, it’s clear that there has been a substantial “pop”. An…
Earlier this month, Newark announced changes to its rent control regulations. The reasons for rent control are fairly obvious in the way that it protects tenants against landlords and keeps them from being priced out of neighborhoods that they wish to…
Anecdotal reports are that inventory is low right now as noted in my previous post. So to continue the analysis, we did an analysis of the single family residential market in Union County as well. Like Essex County, Union…
The economy is starting to rev up, the Dow is making all time highs and unemployment is low. What are people likely to do? Buy a new house of course. Great for those folks in the real estate sales business,…
We last checked in on the Clifton single family home market in 2014, At the time the market was gradually appreciating at an average rate of just over +1% per month (+13.2% year over year). Checking back in just over…