Close to 14,000 Houses Sold Yesterday

Taken from the Keeping Current Matters Blog: One of the biggest misconceptions in today’s housing market is that homes are not selling. That is simply not true. Last month’s Existing Sales Report from the National Association of Realtors (NAR) showed that homes were selling at an “annual rate of 5.10 million”. That’s an average of 13,973 every day – 365 days a year! And the monthly Pending Sales Report, which measures the number of houses going into contract each month, has showed … [Read more...]

Americans Confident in Recovery of Real Estate Market

New national survey echoes New Jersey consumers’ belief in real estate as a good investment Somerset, NJ — The majority of America’s potential homebuyers and sellers -- 68 percent -- believe that the real estate market and property values will recover in the next year or two, according to a new survey by Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. [NYSE:PRU] company. This exceeds the 47 percent of Americans who expected house prices would rise in a similar … [Read more...]