SEA BRIGHT – Six buildings in downtown Sea Bright near the Shrewsbury River waterfront will soon be razed to make way for a luxury development. In July, the borough notified residents that demolition on properties located on Church Street, South Street and River Street is beginning, marking a new ch

30YR Fixed 6.40% -0.22% 15YR Fixed 5.89% -0.26%   Rates Plummet as The Market Buys Into The Big Shift The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023.  The st

30YR Fixed 6.40% -0.22% 15YR Fixed 5.89% -0.26%   Mortgage Rates Down to Lowest Levels of The Year It's official!  At this point, you'd need to go all the way back to the end of December 2023 to see a lower average rate for a top-tier, conventional 30-year fixed mortgage.  Today's rates are already

Why Markets Can’t Count on Inflation Data for Insight and 5 Other Things to Know Today. Traders are still in the dark about when the Federal Reserve might start cutting interest rates. Even two new inflation data points this week may not provide much more clarity. The producer price index is out Tue

Plans to build the country's tallest skyscraper in the heart of Oklahoma City have attracted national and international attention. But not all the publicity has been positive. The 1,907-foot tall Legends Tower, proposed by developer Scot Matteson, would be part of the Boardwalk at Bricktown project

The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building permits. The case is being hailed by the National Association of REALTORS®, and other housing groups, as a major victory for property rights in a

Brant Point Construction Begins Denholtz Properties has broken ground on a collection of 16 luxury homes in Atlantic Highlands, seeking to lure buyers with what it describes as Nantucket-style living along Sandy Hook Bay. Known as Brant Point, the custom-designed, single-family dwellings will occupy

Netflix Attempt to Move Beyond Screens Relies on This Empty Mall Department Store Streamer Shows One Way Struggling Shopping Venues Get Repurposed Netflix plans to repurpose a 120,000-square-foot former Lord & Taylor store at the King of Prussia mall into one of its first Netflix Houses. (CoStar) Ma

  LONG BRANCH —Kushner officially broke ground yesterday, March 27, on a $130 million mixed-use residential and retail development in Long Branch. The project is poised to infuse new vitality into the city's Lower Broadway corridor, delivering 299 designer rental residences and upscale amenities, al

30YR Fixed 6.91% +0.00% 15YR Fixed 6.47% +0.00%   Little Change in Mortgage Application Volume, Despite Lower Rates The Mortgage Bankers Association said its Market Composite Index moved lower last week, apparently indifferent to a slight improvement in mortgage interest rates. The Index, which meas

30YR Fixed 6.91% +0.00% 15YR Fixed 6.47% +0.00%   New Home Sales Decline Slightly, Prices Too Sales of newly constructed homes were virtually unchanged in February. The 662,000 seasonally adjusted annual units recorded in during the month was down by 2,000 units or 0.3 percent from the rate in Janua

Curves have been steadily making waves in the interior design world from bean-shaped sofas to swivel chairs and windows, but softer edges are now making their way into the kitchen too — and they just may be here to stay. In lieu of geometric shapes, some designers are opting for rounded kitchen isla

Hey there, Sellers! Let's dive into some key real estate metrics that can help you better understand the current market trends and how they can impact your selling experience.   First up, we have the Months Supply of Inventory, which sits at a low 2.01. This indicates that there is a relatively low

30YR Fixed 6.63% +0.02% 15YR Fixed 5.96% +0.01%   Pending Home Sales Stayed Sideways Near Record Lows The National Association of Realtors (NAR) releases two widely followed home sales reports.  Existing Home Sales measure transactions of homes other than new construction (i.e. previously owned and

30YR Fixed 6.64% -0.01% 15YR Fixed 6.13% -0.02%   Housing Starts Hit 2023 High Housing starts, which had risen modestly in September and October, soared last month, topping 1.5 million units for the first time in 2023. The U.S. Census Bureau and the Department of Housing and Urban Development said c

30YR Fixed 6.62% -0.20% 15YR Fixed 6.15% -0.14%   Rates Plummet to Lowest Levels Since May, 2023 After Fed Announcement Today brought the scheduled Fed policy announcement that we've been waiting for and mortgage rates plummeted as a result.  So does that mean the Fed cut rates?  No...  The Fed kept

30YR Fixed 7.51% -0.18% 15YR Fixed 7.05% -0.05%   From 8% to Under 7.5%, Mortgage Rates Had a Near-Record Week The average top tier 30yr fixed mortgage rate was over 8% as recently as October 19th.  At the start of the present week, things weren't much better at 7.92%.  What a difference a few days