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NJ Housing Market thoughts on appraisal and the nj housing market

  • Somerset Hills High End Market
    by Tom Caruso on April 26, 2018 at 1:11 am

    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…

  • Market update, 1st quarter
    by Tom Caruso on April 2, 2018 at 11:03 pm

    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…

  • Low Inventory in Essex County?
    by Tom Caruso on March 3, 2018 at 9:55 pm

    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…

  • How does staging affect an appraisal in New Jersey?
    by Tom Caruso on February 16, 2018 at 9:29 pm

    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…

  • New Tax Plan and its effect on NJ Real Estate
    by Tom Caruso on February 15, 2018 at 12:31 am

    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…