Real Estate Market Today☀️ November 2022 by Robert O'Keefe (ROK Realty Group)
🏠Home prices fell again for the third consecutive month. The last time this has happened was nearly four years ago. The market still remains competitive. 24% of homes are receiving offers over their asking price. This is due to low inventory which happened to decrease again this month.
🏠After hitting 7%, mortgage rates continue to decrease. Rates fell again to 6.58%. Overall, rates are up 3.1% from where they were last year. Many buyers are utilizing cash, with all-cash sales accounting for 26% of all transactions.
🏠Jersey City Rent Control Battle: Jersey City residents squared off against their landlord and won a rent control ruling for their building.
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
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Lead Safe Paint Law
🖌️ New Lead Paint Safe Law for Real Estate Investors
👉👉 Quick overview on the New Law for All NJ Rental Properties.
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
🏠 We consult with people all over on their real estate opportunities & challenges.
👍 Contact & Subscribe to grow smarter and wealthier in real estate.
🎥 Write Quick Summary of Video Here; send proof for approval.
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
✉️ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
Easy to Read & Fast Insights on the Market
Solid Tips & Tactics
I Respond to All Emails
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Real Estate Market Today☀️October 2022 by Robert O'Keefe (ROK Realty Group)
🏠Mortgage interest rates surged north of 7%. This has been the first time rates have hit 7% in over 20 years. Home prices dipped again for the third straight month in a row.
🏠Despite high interest rates, the market remains competitive in many areas. 25% of homes are still selling above their list price due to low inventory. In 2008 by contrast, inventory levels were 4X Higher than they are today.
🏠The rental market continues to cool off. Apartment vacancy rose 5.1% from last quarter. Rents had previously been up 25% over the past year. Demand has stagnated as renters have been room-mating together or staying with family and friends.
Presented By:
Robert O'Keefe - ROK Realty Group
(201)-374-7334 (Text/Call)
robert@rokrealtygroup.com
🏠 We consult with people all over on their real estate opportunities & challenges.
👍 Contact & Subscribe to grow smarter and wealthier in real estate.
🎥 Write Quick Summary of Video Here; send proof for approval.
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
✉️ ROK Realty Report Newsletter: https://sendfox.com/robokeefe
Easy to Read & Fast Insights on the Market
Solid Tips & Tactics
I Respond to All Emails
☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️
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