Livingston Johnson

Home purchase contracts in New Jersey soared in April, recording a 28% increase compared to one year ago. Given that the pace of sales rose by 23% in April-2012, purchase demand has expanded by an astounding 58% over the past 2 years. The “buy now, pay less” mood among home buyers is creating a sense-of-urgency that is likely to raise purchase demand in 2013 to pre-recession levels last seen in 2006.