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News Updates

Gov. Murphy signs new foreclosure protection program into law

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By Nikita Biryukov, New Jersey Monitor New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, which will give homeowners facing foreclosure — plus their families and certain nonprofits — the right of first refusal to purchase their home at a sheriff’s sale. “With today’s bill signing, we are creating a new avenue

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GoDocs Appoints Adam Craig as CEO to Lead Next Phase of Growth

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GoDocs, the premier commercial lending document automation platform, has announced Adam Craig as its new CEO. This move signals a continued commitment to providing a true enterprise-class solution for banks, credit unions, and private lenders focused on delivering a seamless and consistent closing experience at scale. Craig, a seasoned FinTech leader with a 20-year track record driving disruptive growth, brings to GoDocs a deep expertise in building and delivering best-in-class SaaS solutions

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Bright MLS December Housing Report: 2023 Housing Market Ends Surprisingly Strong

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Home prices rise faster than they have in more than a year Falling mortgage rates brought more buyers into the market in December, but they faced the same constraint that has been plaguing buyers for the past two years—a serious lack of homes to choose from. There were 13,109 new pending sales through the Bright MLS service area in December, which was up very slightly (+0.5%) compared to the extremely low

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U.S. FORECLOSURE ACTIVITY INCREASES FROM 2022 BUT STILL BELOW PRE-PANDEMIC LEVELS

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Foreclosure Starts Up from 2022, While Foreclosure Completions Decline; December 2023 Foreclosure Activity Declines from Previous Month; Q4 2023 Foreclosure Activity Declines from Previous Quarter ATTOM, a leading curator of land, property, and real estate data, released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136

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Lima One Capital predicts stable housing prices and increased transaction volume in 2024

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Lima One Capital unveiled its 2024 Housing Outlook. The 26-page document predicts a more stable housing market than that of the previous 12 months. Read the full report here: https://promo.limaone.com/2024-housing-market-outlook-analysis “The 2023 Housing Market tested the patience of investors and homebuyers alike, as high interest rates and low inventory slowed the transaction rate significantly. But the market staved off the doom and gloom predictions of falling rents and declining home

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New Listing Volume Increased in December Indicating Positive Signs to Come in 2024

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Mortgage Rate Drops Begin to Encourage Market Activity Net New Listing and Contract Volume Marginally Up Versus December 2022 Interest Rate Shock Continues to Keep Inventory at Historically Low Levels HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its December Market Pulse Report, showing that activity in terms of net new listings placed on the market is up 5% versus December 2022. With the Federal

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