Latest news with #housingdata
Yahoo
3 days ago
- Business
- Yahoo
With nearly 25% more home listings in May, housing inventory in NJ continues to rise
If it feels like you've been noticing more for sale signs popping up, it's not all in your head: Housing inventory across the nation has consistently been increasing across the country, including right here in New Jersey. With more than 1.5 million homes for sale — 31.5% more than the year prior — May marked the 19th consecutive month of inventory growth across the nation, according to Monthly Housing Market Trends Report. Inventory is at its highest post-pandemic level to date, and this marks the first time the number of homes for sale has topped one million since the winter of 2019. "Still, inventory remains 14.4% below typical 2017-2019 levels, though May's gains indicate the market is closing the gap at an accelerating pace," said. The national median listing price was $440,000, or about 0.1% more than this time last year, but found that about 19.1% of active listings saw price reductions. This is the highest share for any May since at least 2016, and the fifth consecutive month with growing price reductions nationwide. In New Jersey, there were a total of 16,379 active home listings. This was 24.11% more than last year and 15.69% more than April 2025, according to monthly market data. The Garden State also had a median listing price of $575,000 — a 0.86% decrease from last year and a 1.05% increase from April 2025 — and active listings stayed on the market for about 33 days. Mortgage rates also remained fairly consistent in May with what we've seen over the last several months. Rates for a 30-year fixed mortgage ranged from 6.76% to 6.89%, and rates for a 15-year fixed mortgage ranged from 5.89% to 6.03%, Freddie Mac reported. Here's a breakdown of how North Jersey's real estate market performed in May 2024, according to data from Fourteen of New Jersey's 21 counties had an increase in new listings compared with May 2024, and 12 counties had an increase in new listings compared with April 2025. In North Jersey, all six counties had an increase in new listings compared to this time last year. Bergen: 1,016 listings (14.16%) Passaic: 336 listings (1.2%) Morris: 624 listings (14.29% Essex: 556 listings (11.2%) Sussex: 264 listings (6.45%) Hudson: 484 listings (0.83%) When compared with April, Essex and Sussex were the only two North Jersey counties that saw a decline in new home listings. Otherwise, all other North Jersey counties saw increases during this time. Bergen: 21.53% Passaic: 9.09% Morris: 15.56% Essex: -1.42% Sussex: -2.94% Hudson: 0.41% Of New Jersey's 21 counties, 16 had active listings stay on the market for a longer period compared with May 2024. And 13 New Jersey counties had active listings stay on the market for a longer period compared with April 2025. At 31 days — or 7.46% less time than at the same time last year — Sussex was the only North Jersey county that had active listings stay on the market for fewer days in May. All other counties had active listings stay on the market for more days during this time. Bergen: 24 days (2.13%) Passaic: 23 days (12.2%) Morris: 23 days (27.78%) Essex: 30 days (13.21%) Hudson: 37 days (11.28%) When compared with the previous month, active listings stayed on the market for more days in the counties of Morris, Essex and Hudson. And the counties of Bergen, Passaic and Sussex had active listings stay on the market for the same amount of time as the month before. Bergen: 0% Passaic: 0% Morris: 21.05% Essex: 3.45% Sussex: 0% Hudson: 17.46% As usual, median listing prices have continued to rise across most of the state. Sixteen New Jersey counties saw price increases compared to May 2024, while 17 counties saw price increases compared to April 2025. With a median listing price of $619,000 — down 7.95% compared with the same time last year — Hudson County was the only place in North Jersey that saw median listing prices decrease. All other North Jersey counties saw increases. Bergen: $800,000 (0.06%) Passaic: $549,999 (10.12%) Morris: $749,000 (0.58%) Essex: $599,900 (2.42%) Sussex: $434,900 (7.39%) And Hudson was also the only North Jersey county that saw median listing prices decrease when compared with the previous month, at 2.13%. The other five North Jersey counties all saw increases. Bergen: 0.13% Passaic: 7.58% Morris: 3.56% Essex: 0.91% Sussex: 7.12% Here's how all 21 New Jersey counties performed in May, according to Maddie McGay is the real estate reporter for and The Record, covering all things worth celebrating about living in North Jersey. Find her on Instagram @maddiemcgay, on X @maddiemcgayy, and sign up for her North Jersey Living newsletter. Do you have a tip, trend or terrific house she should know about? Email her at MMcGay@ This article originally appeared on NJ real estate: How market performed in May 2025
Irish Times
20-05-2025
- Politics
- Irish Times
James Browne broke Dáil rules when refusing to release housing data, Ceann Comhairle finds
Ceann Comhairle Verona Murphy has found that Minister for Housing James Browne failed to comply with Dáil rules when refusing to release data on social and affordable housing schemes. Ms Murphy was responding to a complaint by Sinn Féin housing spokesman Eoin Ó Broin , who had written to her asking to examine responses to parliamentary questions he put down but argued had not been properly answered. The Dublin Mid-West TD had sought data on five different social and affordable programmes, including applications for funding, approvals, and how many applications were pending. Mr Ó Broin outlined that he had sought the information because of what he believed were 'significant delays in the approval of social and affordable housing scheme applications' which would have a knock-on effect on output. READ MORE However, the data was refused on the basis of commercial sensitivity, he said, with the Department of Housing also saying it would be too cumbersome to collate. Following correspondence with the department, including its top civil servant Graham Doyle, and a series of further parliamentary questions in March, Mr Ó Broin submitted a complaint to the Ceann Comhairle. In a letter to the Oireachtas, he said it was his view that the information was being 'deliberately withheld' as it would confirm a 'very significant problem with social and affordable housing scheme approvals'. Ms Murphy contacted the Department of Housing on foot of the complaint, which told her that it had provided some data in response, but that the format of his query fell outside the 'normal reporting process'. 'The information sought is not readily available and its compilation would involve a disproportionate amount of time and work,' the department told the Ceann Comhairle, adding that period publications it compiled contained 'the majority' of the data being sought. In a response to Mr Ó Broin, Ms Murphy wrote that she had decided to examine the issue under Dáil standing orders (the rules under which the business of the house is organised) which dictate that ministers must 'address each and every request for information' contained in a question from a TD submitted through the Oireachtas. Having reviewed the question and replies, Ms Murphy told the Sinn Féin TD that she agreed with him that the replies 'do not comply with the provisions of the standing order'. The exchanges were first reported in Tuesday's edition of the Irish Examiner. She said that an argument from the department that the information was not readily available and would take a disproportionate amount of time and work to compile was 'not a sufficient basis … to either disallow or fail to adequately reply to a question'. 'The Minister shall be requested to provide an indicative timeline as to when this data can be collated.' She added that the decision had been communicated to the Minister for Housing. The Department of Housing and a spokeswoman for Mr Browne have been asked for a comment.
Yahoo
18-05-2025
- Business
- Yahoo
1 Stock to Buy, 1 Stock to Sell This Week: Snowflake, Target
Moody's U.S. credit downgrade, housing data, and retailer earnings will be in focus this week. Snowflake is a buy with strong earnings, upbeat guidance on deck. Target's shrinking revenue, declining profit and weak outlook make it a stock to sell. Looking for more actionable trade ideas? Subscribe here for 45% off InvestingPro! The stock market ended higher on Friday, with the major averages registering sharp gains for the week driven by signs of a de-escalation of the U.S.- China trade war and renewed optimism over AI spending prospects. For the week, the Dow Jones Industrial Average rose 3.4%, the S&P 500 climbed around 5.3%, while the tech-heavy Nasdaq Composite surged 7.2%. The strong week saw the Dow and S&P wipe out their losses for the year. Source: More volatility could be in store this week as investors continue to assess the outlook for the economy, inflation, interest rates and corporate earnings. Late Friday, Moody's downgraded the U.S. credit rating by one notch to 'Aa1' from 'AAA', citing rising debt and interest payments. On the economic calendar, flash PMI readings on manufacturing and the services sector will grab attention on Thursday, along with updates on the housing market. Interest rate futures suggest traders see a more than 90% chance that the Fed will keep rates unchanged at its June meeting, according to the Fed Rate Monitor Tool. Source: Elsewhere, in corporate earnings, results from major retailers such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Target (NYSE:TGT), and TJX Companies (NYSE:TJX) will be the key updates of the week as the reporting season quiets down. Other notable names lined up to report earnings include Palo Alto Networks (NASDAQ:PANW), Snowflake (NYSE:SNOW), Intuit (NASDAQ:INTU), and Baidu (NASDAQ:BIDU). Regardless of which direction the market goes, below I highlight one stock likely to be in demand and another which could see fresh downside. Remember though, my timeframe is justfor the week ahead, Monday, May 19 - Friday, May 23. Snowflake, the data analytics and cloud data management software provider, is positioned for a potential positive catalyst when it releases its first-quarter earnings report on Wednesday at 4:05PM ET. Analyst sentiment has been notably positive heading into the print. According to InvestingPro data, profit estimates have been revised upward 19 times in recent weeks, compared to just ten downward revisions. This favorable revision ratio suggests growing confidence in Snowflake's near-term execution and business momentum. Source: InvestingPro For the April-ended quarter, analysts expect adjusted profit to rise an impressive 51% year-over-year to $0.21 per share, with revenue projected to increase 22% to just over $1 billion. This growth trajectory demonstrates Snowflake's continuing ability to expand its enterprise customer base despite broader technology spending concerns. Once a data analytics pure-play, Snowflake has transformed into a comprehensive cloud data platform, capitalizing on the AI and big data megatrends. Its Cortex AI suite is gaining significant traction, empowering businesses to harness predictive analytics. Additionally, analysts have noted improving adoption of Snowpark, the company's developer framework that expands use cases beyond traditional data analytics. Given these dynamics, Snowflake's management is well positioned to deliver strong sales guidance for the current quarter and beyond as it benefits from the strong upward trend in AI adoption rates, customer retention, and strategic growth initiatives. Source: Market participants predict a sizable post-earnings swing in SNOW stock, with a possible implied move of 10.8% in either direction according to the options market. Shares – which have staged an impressive rally off the April 7 low of $120.10 - closed at $183.08 on Friday. Despite concerns about its valuation, the technical picture for Snowflake is exceptionally strong, with "strong buy" signals across most short- and long-term timeframes. With an RSI of 72.5, the stock is in overbought territory—typically a cautionary sign, but in the context of pre-earnings momentum and strong fundamentals, this suggests powerful buying pressure. Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Subscribe now for 45% off and position your portfolio one step ahead of everyone else! In contrast, Target faces a much more difficult environment as it prepares to release its Q1 financial results on Wednesday at 6:30AM ET. According to the options market, traders are pricing in a swing of 10.4% in either direction for TGT stock following the print. Analyst sentiment has deteriorated significantly ahead of the report, with InvestingPro data showing all 22 analysts covering Target reducing their profit estimates - a unanimous expression of growing concern. Source: InvestingPro Wall Street projects earnings of $1.69 per share, falling nearly 19% from a year earlier, while revenue is anticipated to decline by about 1% to $24.4 billion. These projections indicate Target is struggling to maintain both top-line momentum and profitability in the current retail environment. The big-box retailer is facing a plethora of headwinds, including slowing store traffic, reduced spending on discretionary goods, as well as potential margin pressure from proposed tariffs that could impact its supply chain and product costs. Further complicating Target's situation is customer response to the company's diversity, equity, and inclusion (DEI) initiatives, with some analysts pointing to boycott activity affecting store traffic. As such, I believe CEO Brian Cornell is likely to deliver cautious full-year guidance due to a challenging operating environment, competitive landscape, and concerns over potential tariffs. Source: TGT stock –which fell below $100/share for the first time since April 2020 earlier this month– ended Friday's session at $98.58. Shares, which are trading below their key moving averages, are down a whopping 27.1% in 2025, significantly underperforming the broader market. It should be noted that Target currently has an InvestingPro 'Financial Health Score' of 2.5 out of 5.0 due to lingering concerns over weakening profit margins and spotty sales growth. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters, and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. At the time of writing, I am long on the S&P 500, and the Nasdaq 100 via the SPDR® S&P 500 ETF (SPY (NYSE:SPY)), and the Invesco QQQ Trust ETF (NASDAQ:QQQ). I am also long on the Invesco Top QQQ ETF (QBIG), and Invesco S&P 500 Equal Weight ETF (RSP). I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies' financials. The views discussed in this article are solely the opinion of the author and should not be taken as investment advice. Follow Jesse Cohen on X/Twitter @JesseCohenInv for more stock market analysis and insight. Related articles 1 Stock to Buy, 1 Stock to Sell This Week: Snowflake, Target 1 Stock to Buy, 1 Stock to Sell This Week: Alibaba, Walmart Alphabet: Is the Selloff From Apple's AI Play a Buy-the-Dip Opportunity? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Duval County homes listed for less in April. Here are the latest real estate trends.
The median home in Duval County listed for $308,935 in April, slightly down from the previous month's $309,000, an analysis of data from shows. Compared to April 2024, the median home list price decreased 6.4% from $330,000. The statistics in this article only pertain to houses listed for sale in Duval County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at More data: See more real estate numbers for Duval County Duval County's median home was 1,861 square feet, listed at $0.29 per square foot. The price per square foot of homes for sale is up 3.6% from April 2024. Listings in Duval County moved slowly, at a median 54 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 54 days on the market. Around 1,876 homes were newly listed on the market in April, a 7.6% increase from 1,744 new listings in April 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Jacksonville metro area, median home prices rose to $399,995, slightly higher than a month earlier. The median home had 3,822 square feet, at a list price of $0.28 per square foot. In Florida, median home prices were $440,000, a slight increase from March. The median Florida home listed for sale had 49,045 square feet, with a price of $0.25 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Florida Times-Union: Are houses expensive in Jacksonville, Fl? See recent listing price
