ROK Realty

ROK Realty

By Robert O'Keefe - ROK RealtyBusiness
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ROK Realty episodes

  • The Mansion Tax In NJ #6

    Presented By:

    Robert O'Keefe - ROK Realty Group

    (201)-374-7334 (Text/Call)


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      2 min
    5. Real Estate Market Today☀️ November 2022 by Robert O'Keefe (ROK Realty Group) #2

      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) 

      3 min

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