Chatham New Jersey Realtor

Chatham, NJ Information

Chatham NJ Realtor — Mon, 02 Jan 2012 21:03:30 +0000

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Chatham NJ Realtor — Sun, 01 Jan 2012 21:57:22 +0000

Housing Market for July 2011

Chatham NJ Realtor — Wed, 06 Jul 2011 14:47:00 +0000

Housing Market for July 2011

Bob Idakaar
PRUDENTIAL NJ PROPERTIES
WWW.BOBSHOMES.NET

The Northeast mainly concerning tri state areas of Connecticut, New York and New Jersey seems to be better than many other places in the country. There still are jobs here and thank GOD for the Pharma Companies and Economic strengths of the suburbs of NYC

The Easy answer that everyone agrees to is the creation of jobs will truly help the overall economy which will in turn affect the housing sector and the financial strength we once had.

Here are the Worst Housing Markets For The Next Five Years

The worst place to invest: Miami, Florida
Cumulative growth from 2005 to 2011: -54.3%
Annualized growth from 2011 to 2016: -0.7%

The second worst place to invest: Atlantic City, New Jersey
Cumulative growth from 2005 to 2011: -34.05%
Annualized growth from 2011 to 2016: 0.2%

#3 Nassau County, New York
Cumulative growth from 2005 to 2011: -27.3%
Annualized growth from 2011 to 2016: 0.7%

The next three are tied for #4

#4 (tie) Fort Lauderdale, Florida
Cumulative growth from 2005 to 2011: -52.9%
Annualized growth from 2011 to 2016: 0.8%

#4 (tie) Midland, Texas
Cumulative growth from 2005 to 2011: -40.95%
Annualized growth from 2011 to 2016: 0.8%

#4 (tie) Washington, D.C.
Cumulative growth from 2005 to 2011: -28.1%
Annualized growth from 2011 to 2016: 0.8%

#5 Abilene, Texas
Cumulative growth from 2005 to 2011: -18.9%
Annualized growth from 2011 to 2016: 1.0%

#6 Morgantown, West Virginia
Cumulative growth from 2005 to 2011: -4.15%
Annualized growth from 2011 to 2016: 1.1%

The next two are tied for #7

#7 (tie) Austin, Texas
Cumulative growth from 2005 to 2011: 2.63%
Annualized growth from 2011 to 2016: 1.2%

#7 (tie) Waterloo-Cedar Falls, Iowa
Cumulative growth from 2005 to 2011: -2.73%
Annualized growth from 2011 to 2016: 1.2%

The next five are tied for #8

#8 (tie) Baton Rouge, Louisiana
Cumulative growth from 2005 to 2011: -14.48%
Annualized growth from 2011 to 2016: 1.4%

#8 (tie) Amarillo, Texas
Cumulative growth from 2005 to 2011: -10.5%
Annualized growth from 2011 to 2016: 1.4%

#8 (tie) Lancaster, Pennsylvania
Cumulative growth from 2005 to 2011: -5.15%
Annualized growth from 2011 to 2016: 1.4%

#8 (tie) Monroe, Louisiana
Cumulative growth from 2005 to 2011: -11.31%
Annualized growth from 2011 to 2016: 1.4%

#8 (tie) Shreveport, Louisiana
Cumulative growth from 2005 to 2011: -10.38%
Annualized growth from 2011 to 2016: 1.4%

Although there is little projected growth in these specific locations, many like Austin, and Baton Rouge and others experienced far lighter price declines than in the more “popular” areas such as Arizona, New Mexico, Florida, and the like.

Additionally, even in the hardest hit areas, housing prices are low compared to the rents that many are paying for decent housing. That factor is not often mentioned in the press. Another rarely mentioned fact: if you are planning to be in a location for some time, today’s low mortgage rates (yes, if you qualify) combined with today’s distressed housing prices (look for foreclosures and short sales if you can) make for a once in a lifetime opportunity to acquire housing at a reasonable price for the LONG TERM.

Yes the long term–another item not often mentioned. Even in the areas mentioned in this article which are “only” projected to grow under 2% over the next 5 years, at least there is POSITIVE growth projected. Where else can you provide a life necessity (housing) that one can acquire and get tax advantages (deduct interest) vs. renting? And let’s look at renting; again, if you have plans to stay in the locale where you are, then renting is a guaranteed outflow of money with no return. With buying at today’s levels, even the dismal articles one now sees show stability or small growth in upcoming years. That sounds like a recipe for the right time to buy to me.

Out of chaos comes opportunity. And don’t forget it’s human nature to flee in the wrong direction at the wrong time. For instance, buying when stocks are surging vs. acquiring equities for the long run in a systematic way over time regardless of current price levels–translation: most people buy when the hype is high and sell when stocks are plunging; exactly opposite of what they should be doing to better themselves. I believe that housing correlates well with this stock analogy: buying housing or rental units now, if it’s right for you, is buying into and/or after the bulk of the plunge has taken place. Growth in value may be slow, but relative stability is not a bad thing. It is highly likely that housing will prove to be a great current investment for the 10-20 years that lay ahead as our population continues to support household formation.

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Chatham, New Jersey

Chatham NJ Realtor — Tue, 24 May 2011 18:19:31 +0000

Here is some general information on Chatham, New Jersey provided by city-data.com

Hospitals/medical centers near Chatham:

SUMMIT HOSPITAL (about 3 miles; SUMMIT, NJ)
CHILDRENS SPECIALIZED HOSP (about 5 miles; MOUNTAINSIDE, NJ)
ST BARNABAS MEDICAL CENTER (about 5 miles; LIVINGSTON, NJ)

Amtrak stations near Chatham:

11 miles: NEWARK INTERNATIONAL AIRPORT (NEWARK, ). Services: ticket office, enclosed waiting area, public restrooms, public payphones.
12 miles: NEWARK (RAYMOND PLAZA WEST). Services: ticket office, fully wheelchair accessible, enclosed waiting area, public restrooms, public payphones, snack bar, ATM, paid short-term parking, paid long-term parking, call for car rental service, taxi stand, intercity bus service, public transit connection.
13 miles: METROPARK (ISELIN, 100 MIDDLESEX-ESSEX TPK.). Services: ticket office, fully wheelchair accessible, enclosed waiting area, public restrooms, public payphones, paid short-term parking, call for car rental service, taxi stand, public transit connection.

College/University in Chatham:

NORTH JERSEY SCHOOL OF DOG GROOMING (Location: 11A ROOSEVELT AVE; Private, for-profit)

Colleges/universities with over 2000 students nearest to Chatham:

DREW UNIVERSITY (about 3 miles; MADISON, NJ; Full-time enrollment: 2,133)
SETON HALL UNIVERSITY (about 7 miles; SOUTH ORANGE, NJ; FT enrollment: 7,509)
KEAN UNIVERSITY (about 7 miles; UNION, NJ; FT enrollment: 8,627)
UNION COUNTY COLLEGE (about 8 miles; CRANFORD, NJ; FT enrollment: 5,856)
UNIVERSITY OF MEDICINE AND DENTISTRY OF NEW JERSEY (about 11 miles; NEWARK, NJ; FT enrollment: 4,134)
RUTGERS UNIVERSITY-NEWARK (about 12 miles; NEWARK, NJ; FT enrollment: 6,878)
NEW JERSEY INSTITUTE OF TECHNOLOGY (about 12 miles; NEWARK, NJ; FT enrollment: 6,565)

Public high school in Chatham:

Chatham High School (Students: 923.500; Location: 255 LAFAYETTE AVENUE; Grades: G9 – G12)

Public elementary/middle schools in Chatham:

Chatham Middle School (Students: 795; Location: 480 MAIN STREET; Grades: G6 – G8)
Lafayette Elementary School (Students: 561; Location: 221 LAFAYETTE AVENUE; Grades: G4 – G5)
Southern Boulvard School (Students: 557; Location: 192 SOUTHERN BOULEVARD; Grades: KG – G3)
Washington Ave School (Students: 332; Location: 102 WASHINGTON AVENUE; Grades: KG – G3)
Milton Ave School (Students: 321; Location: 16 MILTON AVENUE; Grades: KG – G3)

Private elementary/middle schools in Chatham:

ST PATRICK ELEMENTARY SCHOOL (Students: 372; Location: 45 CHATHAM STREET; Grades: PK –
ECLC OF NEW JERSEY (Students: 204; Location: 21 LUM AVE.; Grades: UG – UG)
SPROUT HOUSE (Students: 51; Location: 200 MAIN ST; Grades: PK – 4)

Chatham compared to New Jersey state average:

Median household income significantly above state average.
Median house value significantly above state average.
Unemployed percentage below state average.
Black race population percentage significantly below state average.
Hispanic race population percentage significantly above state average.
Foreign-born population percentage significantly above state average.
Renting percentage below state average.
Number of rooms per house above state average.
Number of college students below state average.
Percentage of population with a bachelor’s degree or higher significantly above state average.

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For population 25 years and over in Chatham:

High school or higher: 96.6%
Bachelor’s degree or higher: 66.7%
Graduate or professional degree: 28.3%
Unemployed: 2.1%
Mean travel time to work (commute): 32.9 minutes

For population 15 years and over in Chatham borough:

Never married: 19.1%
Now married: 69.8%
Separated: 0.5%
Widowed: 4.7%
Divorced: 5.9%

831 residents are foreign born (4.2% Europe, 2.4% Asia, 1.6% Latin America, 1.3% North America).

This borough:	9.8%
New Jersey:	17.5%

Median real estate property taxes paid for housing units with mortgages in 2009: $9,272 (1.3%)

Median real estate property taxes paid for housing units with no mortgage in 2009: $9,109 (1.4%)
Nearest city with pop. 50,000+: Union, NJ (6.7 miles , pop. 54,405).
Nearest city with pop. 200,000+: Newark, NJ (10.5 miles , pop. 273,546).
Nearest city with pop. 1,000,000+: Manhattan, NY (21.7 miles , pop. 1,537,195).
Nearest cities: Madison borough, NJ (1.4 miles ), Summit, NJ (1.4 miles ), Florham Park borough, NJ (1.6 miles ), New Providence borough, NJ (1.7 miles ), Millburn, NJ (1.9 miles ), Springfield, NJ (2.1 miles ), Mountainside borough, NJ (2.1 miles ), Livingston, NJ (2.2 miles ).
Latitude: 40.74 N, Longitude: 74.39 W
Daytime population change due to commuting: +273 (+3.2%)
Workers who live and work in this borough: 666 (16.4%)
Area code: 973

Chatham government finances in 2002:

Bond Fund – Cash & Deposits: $1,071,000 ($130.67)
Charges – Solid Waste Management: $234,000 ($28.55) – Parking Facilities: $219,000 ($26.72) – Sewerage: $109,000 ($13.30) – Parks & Recreation: $14,000 ($1.71) – All Other: $11,000 ($1.34)
Construction – Water Utilities: $210,000 ($25.62) – Regular Highways: $33,000 ($4.03) – General Public Buildings: $15,000 ($1.83) – Parks & Recreation: $15,000 ($1.83) – General: $11,000 ($1.34) – Sewerage: $8,000 ($0.98)
Current Operations – Police Protection: $1,911,000 ($233.16) – General – Other: $944,000 ($115.18) – Regular Highways: $761,000 ($92.85) – Water Utilities: $511,000 ($62.35) – Libraries: $462,000 ($56.37) – Central Staff Services: $331,000 ($40.39) – Solid Waste Management: $252,000 ($30.75) – Financial Administration: $182,000 ($22.21) – Judicial and Legal Services: $171,000 ($20.86) – Parks & Recreation: $126,000 ($15.37) – Protective Inspection and Regulation, NEC: $126,000 ($15.37) – General Public Buildings: $82,000 ($10.00) – Fire Protection: $77,000 ($9.39) – Health Services – Other: $56,000 ($6.83) – Sewerage: $39,000 ($4.76) – Welfare – Other: $9,000 ($1.10) – Parking Facilities: $4,000 ($0.49)
General – Interest on Debt: $220,000 ($26.84)
Intergovernmental to Local NEC – Sewerage: $568,000 ($69.30)
Local Intergovernmental – All Other: $29,000 ($3.54)
Long Term Debt Beginning Outstanding – Water Utilities: $1,042,000 ($127.14)
Long Term Debt Beginning Outstanding, NEC: $5,694,000 ($694.73)
Long Term Debt Outstanding – Full Faith & Credit – Other, NEC: $5,072,000 ($618.84) – Full Faith & Credit – Water Utilities: $987,000 ($120.42)
Long Term Debt Retired Unspecified – Other, NEC: $622,000 ($75.89) – Water Utilities: $55,000 ($6.71)
Miscellaneous – Rents: $375,000 ($45.75) – Interest Earnings: $211,000 ($25.74) – General Revenue, NEC: $66,000 ($8.05)
Other Capital Outlay – Fire Protection: $129,000 ($15.74) – General – Other: $83,000 ($10.13) – Police Protection: $24,000 ($2.93) – Financial Administration: $19,000 ($2.32)
Other Funds – Cash & Deposits: $3,991,000 ($486.94)
Revenue – Water Utilities: $778,000 ($94.92)
Short Term Debt Outstanding – End of Fiscal Year: $1,449,000 ($176.79) – Beginning: $1,409,000 ($171.91)
State Intergovernmental – General Support: $797,000 ($97.24) – strong> All Other: $66,000 ($8.05)
Tax – Property: $6,808,000 ($830.65) – NEC: $211,000 ($25.74) – Public Utilities: $18,000 ($2.20)
Total Salaries & Wages: $3,282,000 ($400.44)
Water Utilities – Interest on Debt: $63,000 ($7.69)

6.35% of this county’s 2006 resident taxpayers lived in other counties in 2005 ($85,822 average adjusted gross income)

Here:	6.35%
New Jersey average:	6.12%

0.12% of residents moved from foreign countries ($1,309 average AGI)

Morris County:	0.12%
New Jersey average:	0.14%

Top counties from which taxpayers relocated into this county between 2005 and 2006:

from Essex County, NJ	0.74% ($87,001 average AGI)
from Passaic County, NJ	0.66% ($68,059)
from Bergen County, NJ	0.52% ($89,098)

7.00% of this county’s 2005 resident taxpayers moved to other counties in 2006 ($84,644 average adjusted gross income)

Here:	7.00%
New Jersey average:	6.89%

0.10% of residents moved to foreign countries ($1,962 average AGI)

Morris County:	0.10%
New Jersey average:	0.09%

Top counties to which taxpayers relocated from this county between 2005 and 2006:

to Sussex County, NJ	0.51% ($63,845 average AGI)
to Essex County, NJ	0.44% ($77,483)
to Passaic County, NJ	0.43% ($55,519)

Strongest AM radio stations in Chatham:

WMCA (570 AM; 50 kW; NEW YORK, NY; Owner: SALEM MEDIA OF NEW YORK, LLC)
WOR (710 AM; 50 kW; NEW YORK, NY; Owner: BUCKLEY BROADCASTING CORPORATION)
WINS (1010 AM; 50 kW; NEW YORK, NY; Owner: INFINITY BROADCASTING OPERATIONS, INC.)
WABC (770 AM; 50 kW; NEW YORK, NY; Owner: WABC-AM RADIO, INC.)
WEPN (1050 AM; 50 kW; NEW YORK, NY; Owner: NEW YORK AM RADIO, LLC)
WSNR (620 AM; 20 kW; JERSEY CITY, NJ)
WMTR (1250 AM; 7 kW; MORRISTOWN, NJ; Owner: THE SENTINEL PUBLISHING CO.)
WADO (1280 AM; 50 kW; NEW YORK, NY; Owner: WADO-AM LICENSE CORP.)
WBBR (1130 AM; 50 kW; NEW YORK, NY; Owner: BLOOMBERG COMMUNICATIONS INC.)
WLIB (1190 AM; 30 kW; NEW YORK, NY; Owner: ICBC BROADCAST HOLDINGS-NY, INC.)
WJDM (1530 AM; 10 kW; ELIZABETH, NJ; Owner: RADIO UNICA OF NEW YORK LICENSE CORP)
WFAN (660 AM; 50 kW; NEW YORK, NY; Owner: INFINITY BROADCASTING OPERATIONS, INC.)
WNSW (1430 AM; 5 kW; NEWARK, NJ; Owner: MULTICULTURAL RADIO BROADCASTING INC)

Strongest FM radio stations in Chatham:

WRKS (98.7 FM; NEW YORK, NY; Owner: EMMIS RADIO LICENSE CORP OF NEW YORK)
WFME (94.7 FM; NEWARK, NJ; Owner: FAMILY STATIONS, INC.)
WNEW (102.7 FM; NEW YORK, NY; Owner: INFINITY BROADCASTING OPERATIONS, INC.)
WFMU (91.1 FM; EAST ORANGE, NJ; Owner: AURICLE COMMUNICATIONS)
WNYC-FM (93.9 FM; NEW YORK, NY; Owner: WNYC RADIO)
WPAT-FM (93.1 FM; PATERSON, NJ; Owner: WPAT LICENSING, INC.)
WDHA-FM (105.5 FM; DOVER, NJ; Owner: THE SENTINEL PUBLISHING CO.)
WAWZ (99.1 FM; ZAREPHATH, NJ; Owner: PILLAR OF FIRE)
WQCD (101.9 FM; NEW YORK, NY; Owner: EMMIS RADIO LICENSE CORPORATION)
WKTU (103.5 FM; LAKE SUCCESS, NY; Owner: AMFM RADIO LICENSES, LLC)
WCAA (105.9 FM; NEWARK, NJ; Owner: WADO-AM LICENSE CORP. (“WADO”))
WAXQ (104.3 FM; NEW YORK, NY; Owner: AMFM NEW YORK LICENSES, LLC)
WHTZ (100.3 FM; NEWARK, NJ; Owner: AMFM RADIO LICENSES, L.L.C.)
WWPR-FM (105.1 FM; NEW YORK, NY; Owner: AMFM RADIO LICENSES, L.L.C.)
WBAI (99.5 FM; NEW YORK, NY; Owner: PACIFICA FOUNDATION, INC.)
WBLS (107.5 FM; NEW YORK, NY; Owner: ICBC BROADCAST HOLDINGS-NY, INC.)
WLTW (106.7 FM; NEW YORK, NY; Owner: AMFM NEW YORK LICENSES, LLC)
WQXR-FM (96.3 FM; NEW YORK, NY; Owner: THE NEW YORK TIMES ELECTRONIC MEDIA COMPANY)
WSKQ-FM (97.9 FM; NEW YORK, NY; Owner: WSKQ LICENSING, INC.)
WXRK (92.3 FM; NEW YORK, NY; Owner: INFINITY BROADCASTING OPERATIONS, INC.)

TV broadcast stations around Chatham:

WPXO-LP (Channel 34; EAST ORANGE, NJ; Owner: PAXSON COMMUNICATIONS LPTV, INC.)
WCBS-TV (Channel 2; NEW YORK, NY; Owner: CBS BROADCASTING INC.)
WNYW (Channel 5; NEW YORK, NY; Owner: FOX TELEVISION STATIONS, INC.)
WABC-TV (Channel 7; NEW YORK, NY; Owner: AMERICAN BROADCASTING COMPANIES, INC)
WPIX (Channel 11; NEW YORK, NY; Owner: WPIX, INC.)
WWOR-TV (Channel 9; SECAUCUS, NJ; Owner: FOX TELEVISION STATIONS, INC.)
WPXN-TV (Channel 31; NEW YORK, NY; Owner: PAXSON COMMUNICATIONS LICENSE COMPANY, LLC)
WNBC (Channel 4; NEW YORK, NY; Owner: NATIONAL BROADCASTING COMPANY, INC.)
WNET (Channel 13; NEWARK, NJ; Owner: EDUCATIONAL BROADCASTING CORPORATION)
WXTV (Channel 41; PATERSON, NJ; Owner: WXTV LICENSE PARTNERSHIP, G.P.)
W54CZ (Channel 54; MORRISTOWN, NJ; Owner: WLNY-TV, INC.)
WNJU (Channel 47; LINDEN, NJ; Owner: WNJU LICENSE CORPORATION)
WFUT (Channel 68; NEWARK, NJ; Owner: UNIVISION NEW YORK LLC)
WNYE-TV (Channel 25; NEW YORK, NY; Owner: NEW YORK CITY BOARD OF EDUCATION)
WXNY-LP (Channel 32; NEW YORK, NY; Owner: ISLAND BROADCASTING COMPANY)
WLBX-LP (Channel 22; CRANFORD, NJ; Owner: RENARD COMMUNICATIONS CORP.)
WKOB-LP (Channel 53; NEW YORK, NY; Owner: WKOB COMMUNICATIONS, INC.)
WEBR-CA (Channel 17; MANHATTAN, NY; Owner: K LICENSEE INC.)
WRNN-LP (Channel 57; NYACK, NY; Owner: LP NYACK LIMITED PARTNERSHIP)
WNJB (Channel 58; NEW BRUNSWICK, NJ; Owner: NEW JERSEY PUBLIC BROADCASTING AUTHORITY)
W60AI (Channel 60; NEW YORK, NY; Owner: VENTANA TELEVISION, INC.)
WNXY-LP (Channel 26; NEW YORK, NY; Owner: ISLAND BROADCASTING COMPANY)
WMBC-TV (Channel 63; NEWTON, NJ; Owner: MOUNTAIN BROADCASTING CORPORATION)
WFME-TV (Channel 66; WEST MILFORD, NJ; Owner: FAMILY STATIONS, INC.)
W33BS (Channel 33; DARIEN, CT; Owner: CT&T BROADCASTING, INC.)

NJAR® Issues Statement Regarding 1st Quarter 2011 Data

Chatham NJ Realtor — Tue, 24 May 2011 14:34:13 +0000

Report from – NJAR.com

On Tuesday, May 10, the NATIONAL ASSOCIATION OF REALTORS^® (NAR) 2011 First Quarter Metropolitan Area Home Prices/State Resales reports were released. For the first quarter of 2011, New Jersey demonstrated its second straight quarterly gain in existing home sales since the post-home buyer tax credit period. According to a statement from NJAR^® CEO Jarrod Grasso, “This shows signs that the state’s housing market is building a solid foundation without a government incentive.”

Compared to the first quarter of 2010, New Jersey sales declined only 2.8 percent. This is just two percentage points below the national figure, but higher than all of our neighboring states. Although most of the metro areas showed slight yearly declines in median home price, two bright spots that demonstrated increases were Wayne, N.J./New York and Newark, N.J. View the full statement from NJAR^®.

2010 Metro-Area Housing Equity Reports Released

How has the wealth of current homeowners changed as a result of homeownership? One way to answer that question is to create a snapshot of the equity individuals who purchased a home at the median price 5, 10, 15, and 20 years ago would have built up if they had kept that home through 2010. Find out how your metro area is doing. Below you will find the 2010 Housing Equity Reports for New Jersey that were released by the National Association of REALTORS^® (NAR).

For more information and to view all 154 metro area reports, please visit the NAR website.

Vacation- and Investment-Home Shares Hold Even in 2010

The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the NATIONAL ASSOCIATION of REALTORS^® (NAR).

NAR’s 2011 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2010, shows vacation-home sales accounted for 10 percent of transactions last year while the portion of investment sales was 17 percent, both unchanged from 2009.

NAR Chief Economist Lawrence Yun said, “Despite extraordinarily tight credit conditions for purchasing a second home, the market share for vacation and investment homes held steady,” he said. “A sizeable number of buyers made deals with all-cash offerings.”

For more information, please view NAR’s press release.

NAR Metro Reports and NJ Housing Report Released

The NATIONAL ASSOCIATION OF REALTORS^® (NAR) released the 2010 Fourth Quarter Metro Area Home Prices/State Resales report. The median home price in each of the Garden State’s metro areas demonstrated year-over-year growth, with six of the seven metro areas trumping the national and northeast regional median. According to NJAR^® CEO Jarrod Grasso, “This is encouraging news for local housing markets as it shows strength in New Jersey property values. With affordable prices approaching an upward trend, the opportunity to “buy low,” coupled with favorable interest rates, seems to be getting shorter.”

New Jersey resales increased 9.7 percent from the third quarter to the fourth quarter of 2010, but were down 27.1 percent compared to the fourth quarter of last year. Read the NJAR^® statement.

The New Jersey housing market displayed a strong 2010 as the NAR Affordability Index reached its highest point in years, with a state index of 137.7 for the fourth quarter and 174.6 for the year. NAR’s ‘affordability index’ is a measure that factors median home prices, mortgage interest rates, average family income and other economic indicators to determine how affordable owning a home is in a particular area. View the fourth quarter New Jersey housing report.

New Jersey International Business Report Released

International transactions are of increasing importance. With the expansion of international trade, the flow of people across borders has also increased rapidly, and, therefore, the demand for real estate in both residential and commercial sectors in conjunction with international transactions has been on the rise. The NATIONAL ASSOCIATION OF REALTORS (NAR) has recently issued state-by-state reports on international transactions. The purpose of the current state-by-state reports is to present recent economic and demographic data related to international business activity directly associated with each of the states. View New Jersey’s International Business Report here.

National Housing Statistics

The NATIONAL ASSOCIATION OF REALTORS^® (NAR) conducts research and has available several reports such as national housing statistics, and economic indicators and forecasts.

NAR’s housing statistics include Existing Home Sales, Pending Home Sales, Metropolitan Area Home Prices, State Existing-Home Sales and the Housing Affordability Index.