Tom Gibbons

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

Reval Survey Results are in!

Here are the reval survey results recently conducted by DwellJC.com over a ten-day period.  The survey reached 1155 property owners in Downtown Jersey City.  Of the 1155 that were sent the survey, 49 read it and 15 completed it.  The survey asked if the reval resulted in a property tax increase and, if so, the […]

Dwell JC | May 18, 2018

Location and Price Make this Newly Listed, 3-Family Townhouse a Hot Property

Everyone knows that location is a driving factor in the real estate market, and it’s just one reason why this townhouse located at 244½ First Street in Downtown Jersey City is an amazing opportunity. Just blocks from the Grove Street Station, this three-family brownstone an amazing investment opportunity. But let’s start with the location because it […]

Dwell JC | May 17, 2018

Downtown Jersey City – Q1 2018 Market Report

In Q1 2018, a four-family home on Mercer Street in downtown Jersey City sold for $1,937,500, which is just below the record high set last year of $2,270,000.  This quarter’s record sale was approximately 14% below asking, which compares unfavorably to last year’s record sale which sold for just 3.4% below asking.  On average, the […]

Dwell JC | Apr 29, 2018