Party's Over: Hamptons Crack Down On Short-Term Rentals Party's Over: Hamptons Crack Down On Short-Term Rentals
Party's Over: Hamptons Crack Down On Short-Term Rentals The Hamptons just told partygoers to pack it up. Southampton’s village board banned short-term seasonal rentals by a vote of 4-1 on Thursday, Aug. 14, in an attempt to crack down on noisy party houses. Customers on sites like Airbnb and Vrbo must now book a minimum of 14 days to rent properties in the village. The amendment to Southampton’s seasonal rental law was approved following complaints from residents who said their neighborhoods were being disrupted by a revolving door of rowdy weekend renters. “To have to call the police every Saturday night to try and say that there's a young gr…
$4.5M Ministry Purchase Secures Somerset Property $4.5M Ministry Purchase Secures Somerset Property
$4.5M Ministry Purchase Secures Somerset Property Pillar Plaza, a non-profit ministry in Somerset County has purchased an office property in Somerset for $4.5 million, Bussel Realty Corp. announced. The 84,325 square foot office property is located at 80 Cottontail Ln., off Exit 5 on Route 287, Bussel Realty said. The property consists of 85,425 square feet of modern office space, with 329 surface and covered parking spaces. The property was purchased  through Ten-X, an online platform specializing in commercial real estate auctions. Pillar Plaza, affiliated with Pillar Ministries, has had a presence in Somerset County for o…
Metuchen Ranks Among Safest, Richest Towns In U.S. — Here’s How It Scored Metuchen Ranks Among Safest, Richest Towns In U.S. — Here’s How It Scored
Metuchen Ranks Among Safest, Richest Towns In U.S. — Here’s How It Scored If you live in one of these towns, you’re not just doing well — you’re doing really well. Several communities in New Jersey, New York, Connecticut, Pennsylvania, Maryland, and Virginia have been named among the safest and richest cities in America for 2025, according to new research from GOBankingRates. The ranking looked at the top 50 cities nationwide with sky-high household incomes, low crime, and enviable livability scores. Data came from the U.S. Census, Zillow home values, Sperling’s BestPlaces cost-of-living indexes, and FBI crime stats. Only towns with a livability index above 80 ma…
America’s 50 Wealthiest Suburbs Ranked: East Coast Enclaves Dominate The List America’s 50 Wealthiest Suburbs Ranked: East Coast Enclaves Dominate The List
America’s 50 Wealthiest Suburbs Ranked: East Coast Enclaves Dominate The List The richest suburbs in America have been named — and the East Coast is cleaning up. A new GOBankingRates report finds that New York, New Jersey, Connecticut, Maryland, and Virginia communities are holding their own (and then some) among the country’s priciest and most prosperous addresses. For the second year in a row, Scarsdale, NY wore the crown. The leafy Westchester enclave boasts an average household income of $601,193 in 2023 — up 2.2 percent from the year before — and home values pushing past $1.2 million. Not far behind was Rye, NY, where the average household brings in $421,259 an…
Brand-New $40.7M Affordable Housing Community Opens In NJ, Home To 50% Veterans Brand-New $40.7M Affordable Housing Community Opens In NJ, Home To 50% Veterans
Brand-New $40.7M Affordable Housing Community Opens In NJ, Home To 50% Veterans A $40.7 million affordable housing community in Central Jersey is officially open — and more than half its residents are military veterans. Valor Pointe, an 80-unit complex developed by Conifer Realty in partnership with the People for People Foundation, celebrated its ribbon-cutting with local leaders last month in Monroe Township. Clarke Caton Hintze More than 50 percent of Valor Pointe’s apartments are leased to veterans and their families. Units feature large bedrooms, ample closet space, patios or balconies, and modern finishes. Amenities include a fitness center, great room, smart-c…
New Study Breaks Down Renters’ Changing Habits New Study Breaks Down Renters’ Changing Habits
New Study Breaks Down Renters’ Changing Habits A new national survey reveals that more Americans are putting down roots in their rentals, transforming temporary units into true homes.  According to research by Talker Research for Lemonade, a digital insurance company, today's renters are staying put longer and developing new habits around their living spaces. The study, which polled 2,000 Americans, highlights a rise in long-term tenancy.  Nearly a third of renters surveyed have spent years in the same unit, with baby boomers (41 percent) and Gen Xers (28 percent) most likely to stay for the long haul. In fact, 62 percent sai…
$2.4M NJ Home Was Once A Church — Now It Has A Lazy River $2.4M NJ Home Was Once A Church — Now It Has A Lazy River
$2.4M NJ Home Was Once A Church — Now It Has A Lazy River From the outside, 301 Station Avenue looks like a charming English cottage.  Step inside the Haddon Heights, and you’ll find one of the most unique homes on the market in South Jersey — complete with a lazy river. Built in 1925 as the First Church of Christ, Scientist, the 4,725-square-foot property was designed by New York architect Bernhardt E. Muller in an English cottage style.  Listing agent Michala Costello of Compass said the exterior is “so unassuming,” but the interior — once the worship area — is “just stunning and gorgeously beautiful.” Lovingly converted into a priva…
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive
NJ Mansion Tax: Lawmakers Just Quietly Passed A New Bill That Makes Selling Way More Expensive New Jersey’s luxury real estate market was thrown into turmoil after lawmakers passed a sweeping mansion tax bill on Monday, June 30, shifting the state’s high-end realty transfer fee from buyers to sellers and adding steep new tiers up to 3.5%. Under the new law, Assembly Bill 5804, sellers of homes over $1 million will absorb what had historically been a 1% buyer-paid fee, with significant increases for higher-value properties. The rates for sellers rises to: 2% over $2 million 2.5% over $2.5 million 3% over $3 million 3.5% over $3.5 million That means a seller of a $4 million home will …
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market
New Home Sales Sink In May, Supply Hits Three-Year High As Trump Tariffs Strain Market New home sales plunged in May while housing supply surged to a three-year high, as rising prices, growing inventory, and the impact of President Donald Trump's tariffs deepened the US housing slowdown. Sales of new single-family homes fell to a seasonally adjusted annual rate of 623,000 in May, the US Census Bureau and Department of Housing and Urban Development said on Wednesday, June 25. That's down 13.7% from April and 6.3% from May 2024. The total also fell far below Wall Street's expectations. The Dow Jones had forecasted 695,000 sales for May, CNBC reported. The actual figur…
New Jersey Home Listed For $1 — Yes, That's Right New Jersey Home Listed For $1 — Yes, That's Right
New Jersey Home Listed For $1 — Yes, That's Right A Newark home can be yours, as long as you have a dollar to spare. The house at 28 Reynolds Pl. has been listed for $1. And while you probably can't own the home for a simple George Washington, it's created quite a stir on the real estate market. Brendan DaSilva, who listed the 3-bedroom, 2-bathroom home, said he has seen homes suffer from being overpriced, but never saw a listing suffer from being undervalued. "The market dictates value, regardless of the listing," DaSilva, who has sold nearly 1,000 homes, 400 in Newark alone, said. Since the $1 listing went up, DaSilva said he receives …
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…