New Dedicated Agency Established to Prevent Real Estate Fraud. • New York City Mayor Eric Adams has established a dedicated agency to strengthen the response to home ownership fraud. On the 24th, Mayor Adams announced the creation of the city's first Office of Deed Theft Prevention (ODTP) under the Department of Finance (DOF). • The agency will be tasked with monitoring "deed theft"—real...
NYC Developers Are Suddenly Obsessed With the Number 99. A city government program that was enacted in 2024 offers a tax exemption to developers of most apartment buildings that have fewer than 100 units and include some affordable housing. Anyone building bigger than that has to abide by stricter requirements to get the same tax break. They have to pay construction workers at least $40 an hour, or...
New Jersey Home Price Growth Ranks #1 in the Nation • Compared to the national average home price growth of 0.5% during the same period, home prices up 6% compared to last year Driven by influx from New York City and limited supply. While the national housing market is generally slowing down, New Jersey's home price growth has emerged as the most prominent in the country. • The 'Spillover'...
Mortgage Rates Jumped in Week, Rising to 6.46%. • Mortgage rates rose to the highest level since September, the fifth straight weekly increase. The average rate on the standard 30-year fixed mortgage climbed to 6.46%, up from 6.38% last week, according to Freddie Mac. • Mortgage applications for home purchases fell a seasonally adjusted 3% last week compared with the previous week, according...
Neighborhood grocery stores can signal home price trends. • Areas with higher-end stores like Trader Joe’s or Sprouts saw home prices rise about 6% above average. • While areas with discount stores like Walmart saw growth about 4% below average. • However, experts say this is not caused by the stores themselves—rather, retailers choose locations with certain economic...
Recent Real Estate News for Bergen County, NJ (March 2026) 버겐 카운티의 최근 부동산 상황(2026, 3 월) Market Trends: "Seller's Market Persists with Shifting Dynamics" Reports from the past week indicate a complex market in Bergen County characterized by low inventory and rising prices. Single-Family Homes: Inventory remains extremely tight. As of early 2026 data, new listings are...
More People Are Inheriting Their Homes. About 18% of all property transfers in the state last year, representing nearly 60,000 homes, were made through inheritance, according to a recent analysis by real-estate data firm Cotality. That share is a record for California in data going back to 1995, up from 12% in 2019. It is also roughly double the national share of 8.8% last year. The...
4-Alarm Fire Destroys Korean Restaurants in Palisades Park. A massive four-alarm fire ripped through a mixed-use commercial building on Broad Avenue early Sunday morning, February 8, 2026, leaving popular local businesses destroyed and two residents hospitalized. The blaze was reported at approximately 2:15 AM at 337-339 Broad Avenue, a building housing several Korean businesses....
Will sharp increases in Property Taxes for Palisades Residents become reality? In Palisades Park, New Jersey, concerns are growing that residents may face significant property tax increases after the New Jersey Department of Community Affairs (DCA) rejected the borough’s request for an emergency appropriation. Palisades Park requested $7.75 million in emergency funding to cover a budget...
H-Mart opens the biggest market in US. • The build-to-rent business is exempt from Trump’s executive order to restrict large investors from purchasing homes. So-called BTR developers build neighborhoods of new single-family homes specifically for the purpose of renting them out, either on their own or by selling the homes to institutional investors. • It is a small but growing...
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