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The Bergen Record

partner publisher · 102.4K followers
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These NJ counties saw the most home price reductions in October

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

New Jersey · 3d

NJ.com

publisher · 297.0K followers

Homes at or under $1 million in Monmouth County in the week of Nov. 2

Prospective homebuyers considering the real estate market had a range of options in various neighborhoods throughout the region during the week of Nov. 2 to 8. In this article, we outline recent property sales in Monmouth County, all of which featured properties at the price point of $1 million or under.

Monmouth County, NJ · 6h
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TAG24 NEWS

partner publisher · 35.6K followers
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New York building collapse exposes gentrification anger in Black community: "It's just all about making money"

New York, New York - Winston Bowen quietly watched as New York firefighters looked for survivors in the rubble of a collapsed building in Brooklyn, after a deadly tragedy that he blamed on "careless" developers leading rapid gentrification. The 54-year-old's assessment was echoed by others who gathered Thursday opposite the grim scene in Flatbush, a mostly Black neighborhood, where a three-story building plunged into a neighboring excavation site. Investigations have only just begun, but Bowen said he believed the property owners may have cut corners in their plans to construct a nine-story bu...

New York, NY · 5h

NJ.com

publisher · 297.0K followers

What can $750,000 buy you in Mercer County in the week of Nov. 2?

For prospective homebuyers eyeing the real estate market in the area of Mercer County, here's what sold for $750,000 or under over the week of Nov. 2 to 8. Here, we provide a breakdown of the top five properties in each area, selected based on their proximity to the desired price range and the most spacious living areas available.

Mercer County, NJ · 8h
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classicnewyorkhistory.com

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Whatever Happened to Pergament Home Centers?

For generations of Long Islanders, Pergament was one of those stores that seemed to be part of the suburban landscape. Whether a homeowner needed paint for a bedroom, wallpaper for a kitchen, replacement hardware, or supplies for a weekend project, the familiar Pergament name was never far from the conversation. Its stores grew alongside the neighborhoods they served, long before national home-improvement warehouses came to dominate the market.

New York, NY · 3d

njtoday.news

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Adubato pitches softballs at political dinosaur: Elizabeth Mayor J. Christian Bollwage

Steve Adubato sat across from J. Christian Bollwage and lobbed softballs at a mayor whose 33-year tenure has been defined by vanity, corruption, and a stunning betrayal of the working-class tenants who put him in office. The veteran broadcaster, whose program “CommUNITY MATTERS” purports to examine pressing urban issues, delivered...

Elizabeth, NJ · 19h

roi-nj.com

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Springfield Gateway breaks ground in Irvington

Developers, public officials and financial partners were on hand to break ground on Springfield Gateway, a $22.7 million development that will bring 48 affordable homes to Irvington, where 10 vacant lots once stood. The event was attended by co-developers Adenah Bayoh of Foya Development Group and Bryan Scotland of Lionheart...

Irvington, NJ · 6h

App.com | Asbury Park Press

partner publisher · 50.6K followers

K. Hovnanian moving headquarters to this landmark Monmouth property

HOLMDEL -- New Jersey homebuilder K. Hovnanian Companies is moving its corporate headquarters back to Monmouth County after signing a long-term lease for space at Bell Works, the reimagined former Bell Labs building on Crawfords Corner Road. K. Hovnanian is moving into 72,388 square feet on the third floor of Building 3 at Bell Works, according to the announcement made by JLL, which represented K. Hovnanian in the lease deal. The transaction includes a sublease with iCIMS, one of Bell Works' anchor tenants, followed by a direct-lease extension with Inspired by Somerset Development, Bell Works' owner. The deal secures K Hovnanian's long-term presence at Bell Works. The company is relocating its headquarters from a large building in Old Bridge, just off the Garden State Parkway's Exit 120. K. Hovnanian moved to offices to the Old Bridge office park, formerly occupied by iCIMS, after its sold its Red Bank headquarters to OceanFirst Financial in 2017 . Holmdel news: See plans for proposed data center at Bell Works Inspired by Somerset Development has transformed the former Bell Labs building in Holmdel, a historic facility designed by architect Eero Saarinen, into an office, retail and lifestyle hub. Besides attracting large employers such as

Holmdel, NJ · 1d

hoodline.com

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Westfield's Empty Lord & Taylor Finally Sells, But Mystery Shrouds What Comes Next

The long-dormant Lord & Taylor building at 609 North Avenue West in Westfield has a new owner. Mayor Jeremy Berman told the town council Tuesday night that the sale to Premier Development closed the week before, ending months of uncertainty over who would take control of the prominent downtown property after its previous redevelopment plan collapsed.

Westfield, NJ · 1d

jerseydigs.com

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Newark Approves $240 Million Development With 670 Apartments in South Ironbound

The Newark Central Planning Board recently approved the redevelopment of a 116,756-square-foot assemblage at the intersection of Mulberry and Murray streets in the South Ironbound. The project will redevelop nearly an entire block and include an eight-story building with 670 apartments, a parking garage for up to 585 vehicles, and nearly 19,000 square feet of retail space.

Newark, NJ · 9h

Backyard Garden Lover

partner publisher · 8.9K followers

New Jersey Voters Overrule Landlord Opposition and Bring Back $20 Rent Increase Limit

Voters in Elizabeth, New Jersey, have brought back a $20 limit on rent increases after years of legal fights. Nearly 69% supported the change, despite warnings from landlords that such a strict limit could make it harder to maintain rental properties. The November 3 vote restored a rule that city leaders removed in 2022. Under...

Elizabeth, NJ · 1d

qns.com

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Housing lottery underway for 15 units in Far Rockaway, rent at $2,713

Sign up for our weekly email newsletter to stay updated on the latest housing lotteries in New York City. New York City has launched an affordable housing lottery for 15 units at 139 Beach 29th St. in Far Rockaway. The 6-story residential building has 74 total housing units, with 59...

New York, NY · 10h

New York Post

partner publisher · 1.8M followers

Boom of tiny NYC apartment buildings due to developers gaming tax-relief program

If the city has such a desperate housing shortage, why do so many new apartment buildings around town seem tiny? The magic number for residential developers in the Big Apple is 99 — the maximum number of units they can build to keep construction and labor costs low and to maximize future profits under a city-state tax-relief program. The Real Estate Board of New York found that new or planned apartment projects in the five boroughs with under 100 units surged to 172 from July 2024 to September 2026, as tallied by the city’s Housing Preservation and Development agency and the Department of Buildings. In comparison, a mere 13 such small-scale projects were recorded from 2008 to 2023. The 23-story Eastline at 1655 First Avenue, which will have 99 units. Google Maps Since 2024, Brooklyn and Queens had 65 and 58 new projects, respectively, with fewer than 100 units, while Manhattan had 17, according to REBNY. Manhattan leasing remains red hot in October A mere 99 units in some buildings is minuscule in light of the city’s need for 700,000 new homes in the next decade. But the reason they’re so popular with builders is simple, say REBNY vice president

New York, NY · 1h

Deltias Gaming

partner publisher · 29.8K followers

Zohran Mamdani Says “New York City Will Now Give Community Organizations the First Shot at Buying Eligible Homes”

New York Mayor Zohran Mamdani recently signed the COPA bill that prioritizes vetted community organizations to buy eligible homes. On November 19, 2026, New York Mayor Zohran Mamdani talked about the Community Opportunity to Purchase Act (COPA). The bill gives tenants and community organizations the first opportunity to buy eligible buildings before profit-focused property flippers. It also aims to support affordability for New Yorkers and treat housing as a social right. In his post, the mayor stated that flippers looking to make a profit would not receive priority. Instead, vetted community ...

New York, NY · 1d

jerseydigs.com

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Newark’s Ballantine Brewery Site Lands $130 Million Loan for 501 Apartments and Food Bazaar

New York-based real estate development firm Shorewood Real Estate Group and Brooklyn-based retail operator Bogopa Enterprises recently secured a construction loan for the second phase of the redevelopment of the former P. Ballantine & Sons brewery on Ferry Street. The firms secured a $130 million construction loan from Los Angeles-based financial services firm PCCP to build a new seven-story building at 412-426 Ferry Street, including a 57,000-square-foot Food Bazaar.

Newark, NJ · 2d

Reasoncom

partner publisher · 51.7K followers

Rent Control Ballot Initiatives Won Almost Everywhere

Across the country, voters approved ballot initiatives that cap rents and impose new restrictions on landlords' ability to rent to whom they please. The most eye-catching of these was a successful initiative in Elizabeth, New Jersey, where 68 percent of voters revived a cap on annual rent increases of $20 per month that the city council had axed back in 2023.

Elizabeth, NJ · 1d

brickunderground.com

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I need a guarantor, but my roommate meets the NYC landlord’s income requirements on her own. What should we do?

My roommate and I applied for a New York City rental apartment. She earns a lot more than I do and would meet the landlord’s income requirement on her own. I also want to be on the lease but we don’t want to miss out on the apartment. What should we do?

New York, NY · 2d

roi-nj.com

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Two N.J. real estate firms purchase six-building small-bay industrial portfolio In Middlesex County

Doors & Spaces Industrial, a Morristown-based institutional real estate investment development and management firm, in partnership with Devli Real Estate of Weehawken, has acquired a six-building, 46,250-square-foot small-bay industrial portfolio spanning Middlesex and Dunellen. Financial terms were not disclosed. The transaction adds a collection of in-demand, multi-tenant infill assets to...

Middlesex County, NJ · 1d

New York Post

partner publisher · 1.8M followers

Tony Brooklyn nabe goes from old money to ultra-luxury as Ritz-Carlton moves in and bidding wars explode

Brooklyn Heights has always had money. Now it has a velvet rope. The landmarked neighborhood perched above the East River is getting the borough’s first branded condos, a members-only athletic club with a five-figure price tag and a buzzy chef-owned grocery. And it’s all while buyers are clawing over the few apartments that actually come up for sale. “Since COVID, it has definitely taken on a completely different aura than it had pre-COVID,” Corcoran broker Deb Rieders told The Post. “It’s always been considered a great neighborhood. However, what’s happened since COVID … prices have exponentially gone up.” Brooklyn Heights, long one of New York’s most coveted neighborhoods, is climbing into ultra-luxury territory as high-end brands, pricey clubs and frenzied buyers converge on the landmarked enclave. Jonbilous Corcoran broker Deb Rieders said the neighborhood has transformed since the pandemic, when Manhattanites sought more space without sacrificing an easy commute. She noted that the scarcity of listings means nearly every co-op and condo between $1 million and $5 million sparks a bidding war, with one of her clients losing out on about six homes before landing one. Emmy Park for NY Post The splashiest sign of the shift sits at 98

Brooklyn, NY · 2d