Joanne DOUDS, Weichert Realtors

09/16/2026

The Federal Reserve raised the federal funds target range by 25 basis points to 3.75-4.00% on Sept 16, it's first rate increase since 2023. Updated projections show most FOMC participants expect additional tightening this year, adding pressure to a housing market already confronting mortgage rates near 7%.

09/07/2026

"Framing the market differently: Why are home sales and home prices not falling when mortgage rates have been rising?

Many eager buyers are no longer waiting on the sidelines, as they don't expect mortgage rates to decline in any meaningful way and don't want to risk being priced out."

Dr. Lawrence Yun
Chief Economist, National Association of Realtors

08/29/2026

Condolences to my Norwegian friends who lost their beloved King Harald V today

08/11/2026

"Millennials are slowly stepping back into the home buying market. Given that national wealth is at an all time high - a combination of the stock market and real estate valuations - some young adults are getting help from the wealth-holding family members. The starter home does not have to be the perfect home. Just need to be the beginning phase of a later trade-up to a better home."
Dr. Lawrence Yun
Chief Economist, National Associatioin of Realtors

08/05/2026

Homeowners...You could be sitting on a GOLD mine$$
Buyer demand is very strong in South Orange, an now would be the perfect time to see how much equity you have built! Your home's value may surprise you.
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Call Joanne Douds for an in-person visit 908-656-5157

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07/24/2026

"More reasons for boosting housing supply, especially at the starter home price points. The number of young adults living at home has doubled from 4 million in 2000 to an estimated 8 million in 2026. They are not homeowners even though they are living in a homeowner;s home."

Dr. Lawrence Yun, Chief Economist, National Association of Realtors

07/14/2026

Residents are willing to pay more to live in communities that provide walkability to shops and parks reducing the dependency on driving.

06/23/2026

The median sold price jumped 51% to $1.25M! Sellers, it's a great time to list. Buyers, let's find the best value in this competitive market. 💰🤝

06/08/2026

“Strong price increases have led to the condition where more American lives may improve from(moving) to a smaller size, they’re not selling because they do not want to be hit with the capital gains tax.” Dr. Lawrence Yun. Chief economist National Association of Realtors

05/18/2026

"Consumers are getting used to a bit higher mortgage rates or deciding now before they get even higher. Or will the recent increases in mortgage applications and home buying drop off if rates rise further from this point."

Dr. Lawrence Yun
Chief Economist National Association of Realtors