The Rand NewsReal

Joe Rand, our Editor-in-Chief and lead contributor is the Chief Creative Officer at Better Homes and Gardens Rand Realty.

He is the founder of the “Client-Oriented Real Estate” (“CORE”) school of real estate education, based on the idea that real estate agents should build their business by learning how to be great at the job of helping clients buy and sell homes.

He has been a featured speaker and moderator at Real Estate Connect, the RIS Media CEO Conference, the Women’s Council of REALTORS Annual Conference, and many other industry events.

He is a regular contributor to Inman Media, writing about industry issues mostly relating to agent education and client service.

He is a graduate of Georgetown University, Georgetown Law Center, Stanford Law School, and a former law professor at Brooklyn Law School and Fordham Law School.

He lives in Nyack, New York with his wife and two children.

Real Estate Market Report: Third Quarter 2018 – Hudson County, NJ

The Hudson County housing market surged yet again in the third quarter, with prices rising overall and particularly for multi‑family and condo properties. Overall sales for the county were down almost 8% from last year’s third quarter, with both multi‑family and condo sales falling sharply due to the lack of inventory available on the market. […]
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Real Estate Market Report: Third Quarter 2018 – Sussex County, NJ

The Sussex market surged yet again in the third quarter, with small increases in sales coupled with a dramatic jump in pricing. Transactions were only up about 2% for the quarter, but that finished a year where sales rose over 9%. That’s a pretty robust showing compared to other markets in the region. This strong […]
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Real Estate Market Report: Third Quarter 2018 – Essex County, NJ

The Essex housing market experienced a strong third quarter, with both sales and prices rising in what is now a pretty robust seller’s market. Sales were up over 5% for the quarter, finishing a year in which they rose about 3%. That’s not a torrid transactional pace, but compared to other counties in the market, […]
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Real Estate Market Report: Third Quarter 2018 – Morris County, NJ

The Morris County housing market contained a series of contradictory indicators in the third quarter, with sales up, prices down, and the negotiability metrics suggesting increased leverage for sellers. Unlike most of the higher‑end markets in the region, Morris actually experienced sales growth, with sales up over 3% for the quarter, and the rolling-year totals […]
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Real Estate Market Report: Third Quarter 2018 – Passaic County, NJ

The Passaic housing market cooled off a little in the third quarter, with both sales and prices relatively flat after a robust second quarter. Indeed, we saw exactly one fewer sale in the third quarter compared to last year, and only 40 more sales for the rolling year. But this sales plateau does not indicate […]
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Real Estate Market Report: Third Quarter 2018 – Bergen County, NJ

The Bergen County housing market stabilized in the third quarter, with a lack of inventory continuing to stifle growth but pricing showing only mixed results. Sales were up just a tick: Single‑family home sales rose about 1% from last year’s third quarter, and condo sales rose about 2%. For the rolling year, sales in both […]
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Real Estate Market Report: Third Quarter 2018 – Northern New Jersey

The housing market in the Northern New Jersey suburbs of New York City cruised through the third quarter of 2018, with strong demand driving meaningful price appreciation, even while low levels of inventory suppressed sales growth throughout the region. The regional market continues to suffer from a lack of supply. The number of homes available […]
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Real Estate Market Report: Third Quarter 2018 – The Bronx

With Better Homes and Gardens Rand Realty’s recent expansion into the Bronx, we are delighted to present the Rand Quarterly Market Report for Bronx County. We have been providing these quarterly market analyses or almost 15 years for the markets we service, which include Westchester and the Hudson Valley, Northern New Jersey, and now the […]
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Real Estate Market Report: Third Quarter 2018 – Dutchess County, NY

Pricing in the Dutchess housing market soared again in the third quarter, with prices rising from high demand and limited inventory. Sales were down, just as in the rest of the region, from a lack of supply, not a lack of demand, which you can see from the pricing trends: Single‑family home prices rose almost […]
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Real Estate Market Report: Third Quarter 2018 – Putnam County, NY

The Putnam housing market absolutely soared through the third quarter of 2018, with dramatic increases in both sales and particularly in pricing. Putnam was the only county in the region to experience sales growth this quarter, with transactions rising 3% for houses and 5% for condos. The real story was price appreciation, with prices up across the board: Houses were up 11% on average, 5% at the median, and 8% in the price‑per‑square‑foot, and condos were up 13% on average […]

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Real Estate Market Report: Third Quarter 2018 – Orange County, NY

The Orange County housing market soared yet again in the third quarter of 2018, with prices exploding upward. With inventory still very low, and demand high, house prices rose 14% on average, 8% at the median, and 12% in the price‑per‑square‑foot, while condo prices were up 17% on average, 12% at the median, and 14% in the price‑per‑square‑foot. More importantly, after years of frustrating stagnation, we’re finally seeing sustained appreciation trends in Orange County. This was the ninth straight quarter […]

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Real Estate Market Report: Third Quarter 2018 – Rockland County, NY

The Rockland housing market had another strong quarter, with prices up, even while a lack of inventory held back sales growth. Sales of houses were down almost 3% for the quarter, and are now down almost 5% for the year. But that’s more a reflection of a lack of supply, not a lack of demand, evidenced by continuing appreciation, with prices up 6% on average and 7% at the median for the quarter, and now up 6% on average and […]

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Real Estate Market Report: Third Quarter 2018 – Westchester County, NY

The Westchester housing market held steady in the third quarter of 2018, with a small decline in sales coupled with flat pricing. We believe that the decline in sales comes largely from a shortage of viable inventory, rather than a lack of demand, but it may be that the 2018 tax reform changes have hampered demand in the highest end of the market, increasing the percentage of lower‑priced homes in the mix of properties sold and thereby suppressing price appreciation. […]

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Real Estate Market Report: Third Quarter 2018 – Westchester and Hudson Valley

Despite concerns that the 2018 tax reform law would undermine housing values, Westchester and the Hudson Valley held steady in the third quarter, with prices rising throughout the region and up dramatically in some counties. Some analysts have expressed concerns about the effects of the 2018 Tax Reform law on our regional housing market. The tax law capped the deductibility of state and local taxes and reduced the mortgage interest deduction, which particularly impacts high‑tax areas, like Westchester and the […]

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Tri-County Realty Teams with Rand Realty

NANUET, NY – Better Homes and Gardens Rand Realty continues to grow throughout Northern New Jersey, following their Wayne, New Jersey, office’s acquisition of Tri-County Realty, which was located in the township and owned by Joseph Palermo, a broker/salesperson. “I’ve had the privilege of leading my brokerage for 20 years, and I’m grateful that my dedicated team now has the chance to work with Better Homes and Gardens Rand Realty,” said Palermo.  “My agents have a strong commitment to service, […]

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Real Estate Market Report: 2nd Quarter 2018 – Hudson County, NJ

The Hudson County housing market surged again in the second quarter, with low levels of inventory stifling sales activity but driving a spike in pricing. Overall sales for the county were down about 3%, with both multi-family and condo sales falling sharply due to the lack of inventory available on the market. But that lack of supply, coupled with high levels of demand, is having a dramatic impact on pricing. Average prices were up almost 8% for all property types, […]

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Real Estate Market Report: 2nd Quarter 2018 – Sussex County, NJ

The Sussex market surged again in the second quarter, with sharp increases in both sales and prices. Transactions were up over 11% from last year’s second quarter, continuing a yearlong trend that brought sales up almost 14% for the rolling year. That kind of buyer demand has winnowed down the housing supply, with the months of inventory falling over 21% from last year and now getting close to the six‑month mark that signals a seller’s market. We’re certainly moving into […]

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Real Estate Market Report: 2nd Quarter 2018 – Essex County, NJ

The Essex housing market was flat for the second quarter, with mixed results in sales and pricing. Sales were up just a tick from last year, and are up about 2% for the rolling year. That said, we’re now seeing sales at levels higher than any time in the past 15 years, since the height of the last seller’s market. To get sales moving, though, we need more supply in the market, since the months of inventory has now settled […]

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Real Estate Market Report: 2nd Quarter 2018 – Morris County, NJ

The Morris housing market flattened out a bit in the second quarter, with sales down and prices basically flat. Quarterly sales were down for only the second time in about four years, falling over 4% and now down about 1% for the rolling year. But demand remains strong, driving prices up slightly for the quarter and between 2‑3% for the rolling year. Sales might pick up in the third quarter, since we’re starting to see inventory levels rise just a […]

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