Robert O'Keefe | Broker of Record
Licensed Real Estate Broker - NJ & NY
Keller Williams Park Views Realty 301 Route 17 Ste. 204 Rutherford, NJ 07070
O: (201) 939-0050 | C: (201) 372-4084 (Call/Text)
🏠Home prices fell again for the third consecutive month. The last time this has happened was nearly four years ago. The market still remains competitive. 24% of homes are receiving offers over their asking price. This is due to low inventory which happened to decrease again this month.
🏠After hitting 7%, mortgage rates continue to decrease. Rates fell again to 6.58%. Overall, rates are up 3.1% from where they were last year. Many buyers are utilizing cash, with all-cash sales accounting for 26% of all transactions.
🏠Jersey City Rent Control Battle: Jersey City residents squared off against their landlord and won a rent control ruling for their building.
Robert O'Keefe | Broker of Record
Licensed Real Estate Broker - NJ & NY
Keller Williams Park Views Realty 301 Route 17 Ste. 204 Rutherford, NJ 07070
O: (201) 939-0050 | C: (201) 372-4084 (Call/Text)