Sales in Hudson County started off slow in the first quarter. We saw a 10% decrease in sales compared to Q4 2021 and a 1% increase compared to the year before. This may be due to a number of factors including the increase in mortgage rates and extremely low inventory leading to bidding wars. Unfortunately, […]
The US economy ended strongly towards the end of the year, with a large gain of over $200,000 jobs. Because of this continuing job creation and record low unemployment rate, the housing market has continued to increase. The economic improvement has allowed home buyers to take advantage of lower mortgage interest rates and expansive inventory. […]
Sales were down 17% overall from Q2 2019, but down only 8% for the rolling year. Fortunately, this decline in sales did not have an effect on pricing, which was up about 6% overall. We can see an increase in pricing of almost 6% for single family homes, 5% for multi-family properties and 4% in condos/coops. Interest rates continue to […]
Last weekend, Omikron Development along with Vue Realty Group hosted an open house to unveil their latest project — a trio of full-floor condominium residences at 194 Cambridge Avenue. The heavily attended event offered the first glimpse inside a project that Omikron thinks will raise the bar in The Heights. With every detail thoughtfully considered by architects MVMK, this […]
