ocean county housing market trends: Will Ocean County Home Prices Continue to Increase?
- 11/04/18 09:46 AM
There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion. What’s Your Ocean County Home Worth However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase. It is that simple. In real estate, it takes a six-month … (1 comments)
ocean county housing market trends: Is the Current Pace of Home Sales in Ocean County Maintainable?
- 05/02/17 03:55 PM
There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why the concern? Some are looking at the last four years of home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking. However, if we go further back in history, we can see the real picture. … (0 comments)
ocean county housing market trends: Which Homes Have Appreciated the Most and Ocean County Market Trends
- 03/19/17 08:23 AM
Home values and prices have risen dramatically over the last twelve months and especially in some towns in Ocean County . The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report broke down appreciation even further into four different price categories: Lower Priced Homes: priced at 75% or less of the median Low-to-Middle Priced Homes: priced between 75-100% of the median Middle-to-Moderate Priced Homes: priced between 100-125% of … (0 comments)
ocean county housing market trends: Buyers Are Searching For Your House in Ocean County
- 02/09/17 08:01 AM
Buyers Are Searching For Your House in Ocean County The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade. In Ocean County: Homes that sold in Ocean County in January 2017 jumped 7.9% in comparison to the same month in 2016. And Ocean County Homes that have gone "under contract" (pending) in January … (2 comments)
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