Blog

September 24th, 2021 8:08 AM
Median residential rental prices increased 11.5% year-over-year in August, with 28 of the 50 largest U.S. metros seeing rents skyrocket — some by as much as 30.6%, Realtor.com reported Sept. 16. Alternatively, rents have declined in big tech hubs like New York City, Boston and San Francisco. > FULL STORY

For all your Residential and Commercial Real Estate Sales & Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: jimhanson1@comcast.net

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce




Posted in:General
Posted by James M. Hanson on September 24th, 2021 8:08 AMLeave a Comment

Subscribe to this blog
September 24th, 2021 8:03 AM
Mortgage rates were flat during the past week and have remained stagnant for almost two months as the economy slows due to a rebound in COVID-19 cases, Freddie Mac reported Sept. 16 in its Primary Mortgage Market Survey. Freddie noted that there are fundamental economic changes occurring that likely will lead to new post-pandemic economic models and future economic growth. > FULL STORY

  • 30-year fixed-rate mortgage averaged 2.86 percent with an average 0.7 point for the week ending September 16, 2021, down slightly from last week when it averaged 2.88 percent. A year ago at this time, the 30-year FRM averaged 2.87 percent.
  • 15-year fixed-rate mortgage averaged 2.12 percent with an average 0.6 point, down from last week when it averaged 2.19 percent. A year ago at this time, the 15-year FRM averaged 2.35 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.51 percent with an average 0.1 point, up from last week when it averaged 2.42 percent. A year ago at this time, the 5-year ARM averaged 2.96 percent.

For all your Residential and Commercial Real Estate Sales & Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: jimhanson1@comcast.net

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce



Posted in:General
Posted by James M. Hanson on September 24th, 2021 8:03 AMLeave a Comment

Subscribe to this blog
The number of for-sale homes rose 5.5% between May and June, but there still is a significant shortage of inventory, which remains 43.1% lower than at the same point a year ago, Realtor.com reported July 1. Home prices reached a new high for the fifth consecutive month with a median price of $385,000 in June. Click Here for full story.


For all your Residential and Commercial Real Estate Sales & Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: jimhanson1@comcast.net

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on July 9th, 2021 7:42 AMLeave a Comment

Subscribe to this blog
July 9th, 2021 7:40 AM
Mortgage rates fell slightly during the past week as steady economic growth continues to bolster the nation’s economy, Freddie Mac reported July 1 in its Primary Mortgage Market Survey. However, months of low and relatively stable mortgage rates have hurt housing affordability and are causing a market slowdown. Click Here for full story.


For all your Residential and Commercial Real Estate Sales & Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: jimhanson1@comcast.net

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on July 9th, 2021 7:40 AMLeave a Comment

Subscribe to this blog
After experiencing a significant drop in April, pending home sales rose 8% in May and remain 13% higher than at the same point a year ago, the National Association of Realtors reported June 30. The Northeast saw the greatest increase in pending sales, up 15.5% month-to-month and 54.6% year-to-year. Click Here for full story.

For all your Residential and Commercial Real Estate Sales & Appraisal needs please contact:
James M. Hanson Associates, Inc.
Phone: (609) 884-9185
Email: jimhanson1@comcast.net

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on July 9th, 2021 7:37 AMLeave a Comment

Subscribe to this blog

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: