Home buying activity has been increasing since May
As the New Jersey economy begins its phased reopening, home buying activity has been increasing since May. The initial drop in showing activity experienced throughout much of the county in the early weeks of the pandemic has given way to clear signs of a rebound.
At the heart of this rebound are recorded low-interest rates, rising optimism and a surge in the migration rate from New York City to the suburbs. And while this surge began in entry-level homes, it’s now expanded all the way up to the super-luxury sector.
Impact of COVID 19 on Real Estate Showings in New Jersey