Kushner Breaks Ground on Controversial Colts Neck Project COLTS NECK – Kushner Companies broke ground on its 360-unit residential rental community, Livana Square, previously Colts Neck Manor, after winning a critical state permit that held up the development’s progress for years. The groundbreaking

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

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, conve

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 T

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 projec

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

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 occu

  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, a

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 im

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

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 lo

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 ho

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

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 w

30YR Fixed 7.33% +0.03% 15YR Fixed 6.65% +0.01%   Mixed Results for August Construction Results of the August Residential Construction report from the U.S. Census Bureau and the Department of Housing and Urban Development were decidedly mix

Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you

Expert Home Price Forecasts Revised Up for 2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in