Lacey Township
High mortgage rates have slowed down the real estate market in October, with less home purchase applications and a drop in pending sales. But inventory continued to increase nationally, median listing prices decreased slightly and many properties for sale saw price cuts. Marking the 36th straight month of increases, inventory levels continued to grow in October with a 7.4% year-over-year increase and a 1.9% month-over-month increase. And while inventory remains 6.7% below pre-pandemic norms, this represents the narrowest difference so far, said Realtor.com's October Housing Trends Report . The Northeast continued to be the leading region in the nation for inventory growth, with a 16.5% increase from last year. Listings typically spent about 63 days on the market, which is about one more day than last year and two more days than the previous month. (function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})(); The national median listing price was $415,000. That is down 2.2% from last year — marking the 12th straight month of listing prices falling year-over-year — and down 1% from the previous month. And 20.5% of listings had price reductions in October. In New Jersey, there were 21,759 active listings in October, up 23.63% from the
The following is a listing of all residential property transfers in Ocean County reported during the week of Oct. 26. There were 228 transactions posted during this time. During this period, the median sale for the area was a 1,364-square-foot property on Yellowbank Road in Toms River that sold for $525,000.
A single-family home in Blackwood that sold for $1.5 million tops the list of the most expensive residential real estate sales in Gloucester County over the week of Oct. 26-Nov. 1. During the week of Oct. 26-Nov. 1, a total of 53 residential real estate sales were registered in the...
As the COVID-19 pandemic swept through New Jersey in 2020, it spurred growth in online purchases as people were forced to isolate at home. That, in turn, spiked demand for warehouse space. And warehouses started popping up all over — generating anger and opposition among many New Jersey residents. But it turns out that warehouse developers overestimated demand. Throughout New Jersey, developers are hitting the brakes on construction of new warehouses, which are also called “logistics hubs,” “distribution centers” and “fulfillment centers.” Warehouse construction is at half the level seen during the pandemic, said Brian Golden, a senior logistics executive at CBRE, a company that negotiates leases between the owners of commercial space and the companies that occupy them. Story continues below photo gallery. Tim Evans, research director of New Jersey Future, a policy advocacy group, said that “demand for storage space spiked during COVID for several reasons, and then the commercial construction industry might have slightly overshot in their response, building a bit more than was actually necessary for supply to catch up to demand.” Total warehouse space in North Jersey has grown 12% since 2016, from 203 million square feet to nearly 227 million square feet, reported CoStar,
A single-family home in Monroe Township that sold for $825,000 tops the list of the most expensive residential real estate sales in Monroe in Middlesex County during the past week. In the past week, a total of seven residential real estate sales were registered in the county, with an average...
New Jersey high school students drive a statewide initiative gathering over 113.4T of provisions to support vulnerable regional centers. High school volunteers fill an entire athletic stadium with donations, breaking state records for local food drive collections. Regional distribution networks transport hundreds of thousands of meals directly to families experiencing...
George Norcross just acquired former Trump Plaza property from Carl Icahn. Norcross on future of AC: You go to Ventnor, Margate, Ocean City, you go to Brigantine, you see flourishing family activity and hard-to-get real estate. Why is that not the case in Atlantic City? They have the same beach, same ocean.
Netflix is betting $1 billion on New Jersey - and the Jersey Shore housing market could be next to cash in.
Owners of existing warehouses in New Jersey are gaining the upper hand as new construction dries up, Bisnow reported from its Northeast Industrial and Manufacturing Conference. Industrial deliveries fell 58% year over year in the third quarter, according to a Newmark report, which also showed stronger absorption. Executives at the...
Breakdown of new real estate appraisal regulations rolling out in Nov 2, 2026 and what they mean for the Downbeach property market. How do these policy shifts impact buyers, sellers, and homeowners across Ventnor, Margate, and Longport. New Appraisal Protocol Changes. Enhanced Documentation Requirements. Sellers must document all upgrades, renovations,...
Tenants of 438 and 440 West 45th Street gathered outside their Hell's Kitchen buildings, demanding that state and city lawmakers give renters like them the power to buy their own homes before landlords can sell to the highest bidder. The rally centered on two bills that would reshape how buildings change hands in New York: the Tenant Opportunity to Purchase Act and the Community Opportunity to Purchase Act.
A New York appeals court has cleared the way for NYC Mayor Zohran Mamdani to advance a controversial tax targeting expensive second homes, overturning a lower court ruling that had challenged how the measure was introduced. The proposed pied-à-terre tax, backed by Gov. Kathy Hochul and Mamdani, would apply to...
Scianablo, Vider win as Five Towns voters decide races. Joe Scianablo unseated Hempstead Supervisor John Ferretti, Lisa Vider defeated state Sen. Patricia Canzoneri-Fitzpatrick, and Laura Gillen won re-election as Five Towns-area voters weighed in on key local, county and congressional races. According to unofficial results, U.S. Rep. Laura Gillen won...
Election Day could have major implications for New York real estate. Beyond the governor’s race, far-left and progressive candidates are making bids for the State Legislature — and one City Council seat — with platforms that seek to reshape housing development, rent regulation and tenant protections across the state.
Incumbent Democratic Gov. Kathy Hochul unofficially declared, victory over Republican challenger Nassau County Executive Bruce Blakeman on Nov. 3. Hochul campaigned on affordability, child care, tax relief, school safety and gun laws. “To you, the people of New York,” Hochul said, “thank you for once again putting your trust in...
New York affordable housing investments totaling $872 million will support 12 developments across New York City, the Mid-Hudson Valley, Central New York, the Capital Region and the Finger Lakes, part of the New York affordable housing awards announced by Gov. Kathy Hochul on October 30. The package includes $460 million...
If groceries, utilities, and insurance already stretch your budget, a smaller property tax bill would help. That’s possible for many older New Yorkers, through state and local programs. But the programs differ. These are the New York property tax breaks some homeowners over 65 never apply for. Note: This...
By Hank Russell It seems everything keeps going up - the rate of inflation, mortgage rates and home prices on Long Island, the latter showing no signs of slowing down. According to the recent data
Hello, let’s get into today’s news at the intersection of real estate and policy:. The City Council today will vote to expand two rent-freeze programs for certain tenants that landlords actually support. Infrastructure gaps loomed large during a Council oversight hearing on City Planning’s efforts to target several...
