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 6.64% -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

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

Your Home Equity Can Offset Affordability Challenges Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about

Are More Homes Coming onto the Market? An important factor shaping today’s market is the number of homes for sale. And, if you’re considering whether or not to list your house, that’s one of the biggest advantages you have right now. When housing inventory is this low, your house will stand out, e

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 Is Housing Inventory So Low? One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why. There aren’t enoug

THRIVE Red Bank, planned for 273 Shrewsbury Avenue, will feature 32 one-bedroom apartments for neuro-diverse adults. RED BANK, NJ — Apartments enabling neuro-diverse adults to live independently - but with top-notch support - will soon be coming to Red Bank. THRIVE Red Bank, a project that will off

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

Upscale Bowling Lanes Roll Into New Jersey Shore’s Pier Village Kushner Adds Upscale Sports-Focused Entertainment Venue to Mixed-Use Development It Acquired in 2014 Pier Pins will feature four full-sized bowling lanes. (Kushner Cos.) Pier Village, a mixed-use complex on the New Je

Buyer Traffic Is Still Stronger than the Norm Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove

Where Are People Moving Today and Why? Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy

The Value of an Agent When Buying Your New Construction Home Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction ca

Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller Prices nationally rose 0.7% month to month, seasonally adjusted. The index’s 10-city composite fell 1%, year over year, slightly less than the 1.1% decrease in the previous month. The 20-city composite d

Don’t Fall for the Next Shocking Headlines About Home Prices If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is h

30YR Fixed 6.98% -0.02% 15YR Fixed 6.35% -0.02%   Slow Housing Market's Questionable Excuse (And a Much Better Alternative) Inventory! That's been a buzzword for the housing market for more than a decade, but it's been especially pr

30YR Fixed 6.88% -0.02% 15YR Fixed 6.30% -0.01%   Rent Increases Return to Pre-Covid Levels Increases in single-family rents soared in the post-pandemic environment but have now moderated to the annual levels in the pre-pandemic yea

Explaining Today’s Mortgage Rates If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.   But, the