The difficulties in securing single-family properties have seemingly pushed many toward townhouses and condo units, for which sales were up almost 11% in August versus the same month in 2020.
New Jersey home sales slowed in March and probably even moreso in April. With spring sales season lost, real-estate business hopes for a better summer and fall.
Despite warnings that 2017 federal tax changes would hurt New Jersey home prices, to date the market has mirrored national trends: Rising values, fewer sales.
Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market.
Midwestern homebuyers helped spark a national increase in real estate sales during April, a sign that demand for housing remains steady despite rising prices and tight inventories.