Jersey City
Real Estate News

Coronavirus Lockdown Severely Felt by California's Housing Market

Coronavirus Lockdown Severely Felt by California's Housing Market

California home sales dropped sharply in April 2020 from both the previous month and year as the housing market began to feel the full impact of the coronavirus outbreak and the state's stay-at-home order. Read More »


AIA's Architecture Billings Index Reports Historic Contraction in April

AIA's Architecture Billings Index Reports Historic Contraction in April

According to new data this week from The American Institute of Architects (AIA), demand for design services in April 2020 saw its steepest decline on record. Read More »

Homes in Many U.S. Opportunity Zones Enjoy Healthy Price Increases

Homes in Many U.S. Opportunity Zones Enjoy Healthy Price Increases

45 percent of the zones saw median home prices rise by more than the national increase of 11.3 percent from the first quarter of 2019 to the first quarter of 2020. Read More »

Finance Industry Ask U.S Regulators for New Liquidity Facility for Added Mortgage and Rent Forbearance Capacity

Finance Industry Ask U.S Regulators for New Liquidity Facility for Added Mortgage and Rent Forbearance Capacity

Liquidity to mortgage servicers needing additional capacity to support homeowners and renters impacted by COVID-19. Read More »


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Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »

Last Updated May 27, 2020 9:00 AM ET

Jersey City Property News

The average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 389 counties is 8.4 percent for 2020

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 3.45 percent in late February 2019.

Sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 764,000 units in January, coming off an upward revision in December 2019.

Strong demand from both domestic and foreign investors, combined with moderate economic growth, is expected to keep capitalization rates for U.S. commercial real estate assets broadly stable in 2020.

The National Association of Home Builders' latest 55+ Housing Market Index is reporting this week that U.S. builder confidence in the single-family 55+ housing market dropped four points to 68 in the fourth quarter of 2019.

According to the National Association of Realtors, pending home sales in the U.S. fell in December 2019, taking a step back after increasing slightly in November 2019.

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, data collected for October 2019 shows a national rent increase of 3.1% year over year, compared to 2.9% in October 2018.

According to new research from CBRE, U.S. retailers and shippers this 2019 holiday season will handle more returns than ever of goods bought online, illustrating a costly drawback to e-commerce's growth that the industry is working hard to contain.

The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates

The 30-year fixed-rate mortgage in the U.S. averaged 3.64 percent. September 2019 has been the most volatile month since March, in terms of the 30-year fixed-rate mortgage, averaging a weekly movement of 11 basis points.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report.

According to Transwestern Commercial Services' First-Quarter 2019 Office Market Report, as the slow but steady resurgence of the New Jersey office market continues, vacancy has reached its lowest level in nearly a decade.

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes held steady at 62 in March 2019.

According to the recently released CBRE U.S. Seniors Housing & Care Investor Survey, the appetite for senior housing acquisitions in the U.S. remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over the next 12 months.

More than 1.5 million (1,527,433) loans secured by residential property were originated in Q2 2018, down 16 percent from the previous quarter.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit.

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years.

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017.


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