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Housing Market

Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows
Foreclosures Surge 20% In 12th Straight Month Of Annual Increases, New Data Shows Foreclosures surged across the US in February, marking the twelfth straight month of annual increases amid an ongoing housing affordability crisis, according to new data. There were 38,840 properties with foreclosure filings nationwide in February, real estate analytics firm ATTOM said in a report released on Thursday, March 12. That was up 20% from February 2025. ATTOM CEO Rob Barber said the latest numbers reflect a rise in foreclosures after several years of unusually low levels. "Foreclosure activity in February marked the twelfth consecutive month of annual increases, extending a…
Dumont Apartment Complex Sells To Investors For First Time In 65 Years Dumont Apartment Complex Sells To Investors For First Time In 65 Years
Dumont Apartment Complex Sells To Investors For First Time In 65 Years A 32-unit apartment complex in Bergen County is changing hands for the first time in 65 years. Sage Investment Real Estate Advisors brokered the sale of Madison Apartments in Dumont, the four-building property at 186-192 Madison Avenue. Co-founders Steve Tragash and Greg Pine represented the longtime owner, Stayce Arms LLC, and brought in the buyer, NWestates LLC, a private group scooping up multifamily assets across North Jersey. The sale price wasn’t disclosed. Built in 1960 and never before sold, Madison Apartments includes four two-story brick buildings packed with one- and two-bedroom …
IKEA To Sell Products Inside Some Best Buy Stores: What To Know IKEA To Sell Products Inside Some Best Buy Stores: What To Know
IKEA To Sell Products Inside Some Best Buy Stores: What To Know IKEA is testing out a collaboration with Best Buy to sell some of its furniture at the electronics giant's stores. Best Buy and IKEA will begin a pilot program in the fall to have IKEA products in Best Buy locations, the chains announced in a joint news release on Thursday, July 31. This marks the first time IKEA merchandise will be available through another US retailer. Ten Best Buy locations across Florida and Texas will feature 1,000-square-foot IKEA showrooms where shoppers can get design help, along with purchasing furniture, appliances, and storage setups. "When you're shop…
Westchester, Putnam, Dutchess Q2 Real Estate Markets Stayed Strong Despite High Rates: Report Westchester, Putnam, Dutchess Q2 Real Estate Markets Stayed Strong Despite High Rates: Report
Westchester, Putnam, Dutchess Q2 Real Estate Markets Stayed Strong Despite High Rates: Report Despite higher mortgage rates and tight inventory, the real estate market across Westchester, Putnam, and Dutchess counties showed continued strength in the second quarter of 2025, according to a new report from Houlihan Lawrence. In Westchester County, luxury homes priced above $2 million remained in high demand, especially in towns with strong transportation access and updated interiors. Many well-priced properties attracted multiple offers, and buyers continued to act quickly, the brokerage said in its new Houlihan Lawrence Q2 2025 Westchester, Putnam, and Dutchess Market Report…
Home Listings Surge To Record $698 Billion As Buyers Back Off Home Listings Surge To Record $698 Billion As Buyers Back Off
Home Listings Surge To Record $698 Billion As Buyers Back Off A swelling supply of unsold homes and a slowdown in buyer activity have sent the housing market to a record high — $698 billion in total listings, the largest dollar value seen in more than a decade. That figure, reported by Redfin, is based on the combined asking prices of all active home listings across the US at the end of April. It marks a 20.3 percent increase from one year ago, and the highest value since Redfin began tracking the data in 2012. Much of that growth is driven by stale inventory. More than $330 billion worth of homes have sat on the market for 60 days or longer, accordin…
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'
Stocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario' Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread "liberation day" tariffs. The tariff announcement sent stocks into their worst tailspin of 2025 so far and dragged the US dollar to a six-month low on Thursday, April 3. Trump unveiled the sweeping 10% tariffs on all imports and far steeper rates for key trade partners on Wednesday, April 2. By 11 a.m., the Dow Jones Industrial Average had plunged about 1,590 points, down 3.77%. The S&P 500 fell 4.35% – or about 247 points – while the Nasdaq …
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…
Hartford Reclaims Title Of Hottest Real Estate Market In The Nation: Report Hartford Reclaims Title Of Hottest Real Estate Market In The Nation: Report
Hartford Reclaims Title Of Hottest Real Estate Market In The Nation: Report With home sales surging across the country, one Connecticut city was named the nation's hottest housing market once again, according to a new report. Two others made the top 20.  Hartford earned the top spot for February 2025 after seeing a jump in interest from buyers looking to move there, Realtor.com reported. The site credited the historic city's strong job market and high-quality schools as key factors driving the renewed demand. The median price for a Hartford home hit $434,000 in February, rising 6.6 percent compared to last year, Realtor.com reported. Despite higher prices, lis…
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans. The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024. The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook. "…
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…
These Cape May County Towns Had the Highest Property Taxes In 2024 These Cape May County Towns Had the Highest Property Taxes In 2024
These Cape May County Towns Had the Highest Property Taxes In 2024 If you own a home in Stone Harbor, Avalon, or West Cape May, chances are you’re paying some of the highest property taxes in Cape May County. According to data from the New Jersey Department of Community Affairs, Stone Harbor Borough tops the list with an average property tax bill of $12,335 in 2024—the highest in the county. Avalon follows close behind at $10,696, while West Cape May homeowners are paying $7,311 on average (scroll down for a complete breakdown by municipality). Beachfront Taxes, Beachfront Prices High property taxes often come with high home values, and that’s certainly t…
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report.  Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…
Most Expensive Homes Sold In Monmouth County In The Last 30 Days Most Expensive Homes Sold In Monmouth County In The Last 30 Days
Most Expensive Homes Sold In Monmouth County In The Last 30 Days A $6.6 million mansion tops the list of most expensive homes sold in Monmouth County in the last 30 days, according to Zillow. According to Redfin, home prices were up 11.5% for September 2024 compared to last year, with a median selling price of $697,000. Monmouth County homes sell, on average, after 20 days on the market compared to 20 days last year, Redfin says.  The most expensive homes sold in the last 30 days in Monmouth County are: 1. 12 Oyster Bay Dr., Rumson, sold Oct. 18 for $6.6 million 2. 9 Atlantic Ave., Spring Lake, sold on Oct. 15 for $5.8 million 3. 8…
Here's How Westchester's Luxury Housing Market In Q3 2024 Compared To Hudson Valley Counties Here's How Westchester's Luxury Housing Market In Q3 2024 Compared To Hudson Valley Counties
Here's How Westchester's Luxury Housing Market In Q3 2024 Compared To Hudson Valley Counties A new report has revealed a growing number of luxury home sales in the Hudson Valley and Fairfield County during the third quarter of 2024.  In markets north of New York City, including the Hudson Valley counties of Westchester, Putnam, and Dutchess as well as Fairfield County, luxury home sales have experienced a sharp uptick, according to Houlihan Lawrence's Q3 Luxury Market Report.  The report, released on Thursday, Oct. 10, revealed that the percentage of these sales increased by double digits in each county and was concentrated in the lower end of the luxury markets.  T…
Two-Family Home Sells For $100K Over Asking In Clifton (PHOTOS) Two-Family Home Sells For $100K Over Asking In Clifton (PHOTOS)
Two-Family Home Sells For $100K Over Asking In Clifton (Photos) A two-family home in North Jersey sold for nearly $100,000 over asking. The home at 10 Union Ave., in Clifton was listed at $649,900, but the new owners closed on $750,000 this week, listing agent Juan Gamarra said. "The Clifton market is always a hot market, specifically if it's a two-family home centrally located," Gamarra said. "This particular home had many qualities that made it very unique. The multiple car parking, the convertible garage as well as a finished basement gave the property a value of its own, and I think me and my team did a great job highlighting that to every pros…
Most Expensive Long Island Home Listings All Sold For Under Asking Price Most Expensive Long Island Home Listings All Sold For Under Asking Price
Most Expensive Long Island Home Listings All Sold For Under Asking Price These luxury homes on Long Island didn’t quite fetch the selling price their owners had hoped for. Of the 10 most expensive residential sales to close across Nassau and Suffolk counties since Wednesday, Aug. 28, all 10 sold for below asking price, data from Zillow shows. The most expensive listing – a one-bedroom, three-bathroom ranch on 1.62 acres in Great Neck that was listed for $7.8 million – closed on Wednesday, Aug. 28, for $6.5 million, 16-percent under asking. The cheapest of the 10 – a six-bedroom, six-bathroom newer build on one acre in Woodbury that had sought $3.495 million – c…
Stamford Is Best Place To Live For Families In CT, New Rankings Say Stamford Is Best Place To Live For Families In CT, New Rankings Say
Stamford Is Best Place To Live For Families In CT, New Rankings Say A municipality in Connecticut made the Top 50 list of Fortune’s third annual national rankings of the Best Places To Live For Families list. The city of Stamford, located in Fairfield County, came in at No. 32 in the country by offering the best of both urban and suburban worlds, the report said. Located about an hour away from New York City by train, Stamford offers residents quiet but friendly neighborhoods and a thriving downtown full of top-notch restaurants, theaters, art galleries, shopping, a ballet company, and symphony, and plenty of music and entertainment. With 136,480 residents…
NJ Town Ranked Among Top 10 Best Places To Live In America NJ Town Ranked Among Top 10 Best Places To Live In America
NJ Town Ranked Among Top 10 Best Places To Live In America A historic green smack-dab in the middle of town. Transportation to and from the city. Ample job opportunities. Who could ask for anything more? One North Jersey township has been named to Fortune's 2024 list of 50 Best Places to Live for Families. "A great place to live is not one that solely supports a family in the present," the outlet writes, "but one that will serve them for the long term." Fortune said it analyzed more than 2,000 cities across the U.S., and the ones that came out on top scored high for affordability, healthcare, resources for seniors, and more. Morristown, NJ came …
Virginia Community Ranked Third 'Best Place To Live For Families' New Fortune Report Finds Virginia Community Ranked Third 'Best Place To Live For Families' New Fortune Report Finds
Virginia Community Ranked Third 'Best Place To Live For Families' New Fortune Report Finds If you know, you know.  It's no secret to Fairfax County residents, but Fortune made it official, naming Chantilly the third "best place to live for families" in a newly released ranking, citing it as "a serene escape" from the DC craziness. Researchers cited Chantilly's proximity to the city (24 miles), as well as Dulles International Airport, which is approximately seven miles away and is "convenient for family vacations."  "The community is largely residential, with just over 25,000 people, but there’s plenty to do," they said. "Along Route 50 you’ll find a number of…
Exquisite Haworth Home Sells For $370K Over Asking Price (PHOTOS) Exquisite Haworth Home Sells For $370K Over Asking Price (PHOTOS)
Exquisite Haworth Home Sells For $370K Over Asking Price (Photos) A Bergen County home sold for $2.265 million — and $370,000 over asking price. The more than 5,600-square-foot home at 157 Grant St. in Haworth boasts  five bedrooms, five bathrooms, and multiple exquisite upgrades, listing agent Tony Nabhan of Keller Williams City Views says. Highlights of the home include a radiant marble foyer with 20-foot ceilings, a stunning dining room, a sunken great room with a fireplace, a formal living room, and an office. The modern chef's kitchen features Subzero and Viking appliances, a sprawling island, an entertaining bar, a sunny breakfast area with sl…
$4.75M Mansion Is Most Expensive Home Ever Sold In Upper Saddle River $4.75M Mansion Is Most Expensive Home Ever Sold In Upper Saddle River
$4.75M Mansion Is Most Expensive Home Ever Sold In Upper Saddle River The sale of a newly-built, 11,800-square-foot home is breaking records in one Bergen County town. The 6-bedroom, 6.5-bathroom brand-new property at 17 Harvey Ln., in Upper Saddle River sold for $4.75 million this week with Tony Nabhan of Keller Williams City Views. View this post on Instagram A post shared by Tony Nabhan (@tony.nabhan) Nabhan said the home, which sits on just over 1.1 acres of land, was originally listed for $3.5 million during the design phase. After the property owner added an in-ground pool, a garage bay (bringing the tota…
Fair Lawn Home Sells For $100K Over Asking Price (PHOTOS) Fair Lawn Home Sells For $100K Over Asking Price (PHOTOS)
Fair Lawn Home Sells For $100K Over Asking Price (Photos) The sale of a home at $100,000 over asking price in one popular Bergen County commuter town is both a strong indication of how fast the market can shift, and a testament to how hot the market in the area is. The 2,064-square-foot cape at 10-09 Campbell Road in Fair Lawn, represented by Tiffany Leape of Blueline Realty, is a completely renovated home with four bedrooms, three bathrooms, and a lot of space, the real estate agent said. 10-09 Campbell Road in Fair Lawn. Gabriel Ramirez/Incustudio 10-09 Campbell Road in Fair Lawn. Gabriel Ramirez/Incustudio 10-09 C…
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says These NY Locales Among 20 Hottest Housing Markets In US, New Report Says
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says Blink and you could miss out on homes in these New York locales, among the hottest housing markets in the country, according to a new ranking. Two metro areas in the Empire State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following New York metro areas made the ranking: No. 2: Rochester. Median listing price: $295…
These CT Locales Among 20 Hottest Housing Markets In US, New Report Says These CT Locales Among 20 Hottest Housing Markets In US, New Report Says
These CT Locales Among 20 Hottest Housing Markets In US, New Report Says Blink and you could miss out on homes in these Connecticut locales, among the hottest housing markets in the country, according to a new ranking. Four metro areas in the Constitution State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following Connecticut metro areas made the ranking: No. 8: Hartford-West Hartford-E…
These Mass Locales Among 20 Hottest Housing Markets In US, New Report Says These Mass Locales Among 20 Hottest Housing Markets In US, New Report Says
These Mass Locales Among 20 Hottest Housing Markets In US, New Report Says Blink and you could miss out on homes in these Massachusetts locales, among the hottest housing markets in the country, according to a new ranking. Three metro areas in the Bay State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following Massachusetts metro areas made the ranking: No. 2: Springfield. Median listing …
Newly-Built 'Trophy Home' With Pool Listed At $5.75M In Franklin Lakes Newly-Built 'Trophy Home' With Pool Listed At $5.75M In Franklin Lakes
Newly-Built 'Trophy Home' With Pool Listed At $5.75M In Franklin Lakes A newly-built home in Bergen County is on the market for $5.75 million. A "trophy home" with six bedrooms and eight bathrooms features a 2-story great room with a wall of glass that opens into a kitchen at 675 Navaho Trail Dr., in Franklin Lakes, according to the Zillow listing. 675 Navaho Trail, Franklin Lakes. Jump 675 Navaho Trail, Franklin Lakes. Jump The second floor includes a luxury primary suite with a spa-like bath and custom closets and four guest bedrooms. The lower level features a recreation room with a wet bar, a wine room, a cigar room and a gym, accordin…
New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where
New Upscale Rental Development Now Seeking Tenants In Bronxville: Here's Where The first upscale rental development to be built in a Westchester village in decades is now available for occupancy.  Elk Homes' 15 Parkview Avenue in Bronxville is now seeking tenants, the rental developer announced on Wednesday, March 27.  The new 80,000-square-foot building, which is the first upscale rental development in Bronxville and the neighborhood of Garrett Park in decades, offers 60 "meticulously designed and spacious apartments," according to the developer. This includes 20 one-bedroom units; 35 two-bedrooms; and five three-bedrooms.  Twenty of these units have …
These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report
These CT Communities Make List Of Top 10 Popular Real Estate Markets In Country: Report Four Connecticut municipalities are among the top ten most popular real estate markets in the country, according to a new report by Zillow.  According to the report, released by Zillow on Tuesday, Dec. 19, three Hartford County towns and one Middlesex County city were among the ten most popular real estate markets in the United States in 2023.  To find out which ten communities were most bustling among home shoppers, the website took a look at housing metrics that indicate consumer demand for more than 2,000 US cities such as page-view traffic, home value growth, and num…
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report
Here's How Q3 Westchester Housing Market Compared To Other Hudson Valley Counties: Report A record-setting low number of inventory caused housing sales in the Hudson Valley to decline over the third quarter of 2023 despite intense competition among buyers, according to a new report.  The number of homes bought over the third quarter of 2023 declined in Westchester, Putnam, and Dutchess Counties, according to the Houlihan Lawrence Westchester-Putnam-Dutchess Q3 Market Report released on Wednesday, Oct. 11. Although the market showed declines in all three counties, median sales prices went up slightly as buyers intensely competed for the homes that were available, accord…
Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says
Norwalk Among Top 10 'Hottest' Real Estate Markets In Nation, New Report Says Those looking to buy homes certainly seem to be flocking toward Connecticut, as the state is the only one to have two zip codes that are among the top 10 "hottest" markets in the nation, according to a new report from Realtor.com.  Both the Hartford County town of Southington and the Fairfield County city of Norwalk appeared on Realtor.com's 2023 list of the "hottest zip codes" in the US, taking the No. 2 spot and the No. 8 spot, respectively.  The annual rankings are determined by taking into account both the market demand, measured by the number of unique viewers per property on…