June 2018

Q2 2018 Townhouse Report – Downtown Jersey City

As the second quarter of 2018 comes to a close, the number of listings in downtown jersey city is up over last year, the number of sales has dropped, and sale prices are still rising.  As previously reported, inventory is still low despite the surge in listings, and it remains a seller’s market. Average Sale […]

Dwell JC | Jun 28, 2018

Why Landlords are Selling in Downtown Jersey City

To understand why landlords are selling in downtown Jersey City, I turned to the MLS database.  I’ve always been comfortable with numbers and analyzing data.  By looking at the data, you can often spot trends that help anticipate what may happen in the future.  Although no one can predict the future, several months ago I […]

Dwell JC | Jun 21, 2018

Mortgage Rates Resume Upward Trend

This week mortgage rates resumed their upward trend, which is reported to be the most prolonged increase in 46 years.  According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average jumped to its second-highest level this year, rising to 4.62 percent with an average 0.4 point. It was 4.54 percent a […]

Dwell JC | Jun 15, 2018