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NJ Real Estate News

NJ Real Estate News: Housing sales off to slow start in 2015

Despite low mortgage rates and a healthier job market, home sales have started off the year at a subdued pace, dipping in January compared with December, the National Association of Realtors said Monday.

Summary of the Article

… affordable inventory – appear to be weighing on the real estate market. … According to New Jersey realtors, the inventory of single-family homes for …

Article

Despite low mortgage rates and a healthier job market, home sales have started off the year at a subdued pace, dipping in January compared with December, the National Association of Realtors said Monday. Sales nationwide were up from a year ago, however.

Harsh winter weather and a lack of inventory – especially affordable inventory – appear to be weighing on the real estate market.

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first published: 2015-02-22 21:45:00