Are We Approaching Recession Levels in Monmouth County Real Estate?
A recent article in Fortune magazine caught my attention when Torsten Slok, Chief Economist of Apollo Investment Group, suggested that some housing markets are exhibiting "recession levels" of home sales. With mortgage rates remaining elevated, and affordability challenges persisting, many homeowners are holding onto their properties to maintain their lower mortgage rates. But are we truly experiencing recession-like conditions in Monmouth County? Let’s take a look at the data.
5 Years After COVID-19: Monmouth County's Real Estate Market Transformation
It's hard to believe that exactly five years ago this weekend, we went into lockdown mode as COVID-19 changed life as we knew it. The pandemic dramatically reshaped New Jersey's real estate landscape, particularly in Monmouth County where I focus my practice. Today, I'm sharing valuable insights about our local market's evolution from 2018 to early 2025, with
Monmouth County’s Million-Dollar Towns
Located in coastal central New Jersey, Monmouth County has impressive waterfront credentials: 27 miles of beachfront on the Atlantic coastline, and 26 miles of coastline on the Raritan and Sandy Hook Bays. There are 53 distinct municipalities in Monmouth County. In this article, I am sharing insights on the 13 towns that had median home sale prices over $1 million in 2024. These communities represent the pinnacle of luxury living in the county.