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The Egri Edge: Your NJ Real Estate Roundup This Week’s Blog by The Egri Team The market’s shifting fast—and knowing how to move is everything. Whether you're buying your first place or leveling up, this week’s insights are packed with local moves that matter:
Take the first step—your real estate plan starts here. 👇 |
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Open House or Private Showing? Here’s How to Play It Smart Buying in Central New Jersey? The way you tour can be just as important as what you tour. Let’s break down how each viewing style works—and when to use it to your advantage. Open Houses: Easy Access, Limited Insight Open houses are great when you're just dipping your toes in. They're casual, flexible, and perfect for scoping out multiple homes in one afternoon—no appointment needed. Private Showings: Your Fast Track to the Front of the Line Ready to get serious? This is where private showings shine. You’ll get focused time with your agent, full access to the home, and a chance to move before the weekend crowd shows up. Your Next Step: Build Your Touring Game Plan In today’s fast-moving Central Jersey market, home alerts alone won’t cut it. You need a viewing strategy that lines up with where you are and where you’re headed. Whether it starts with open houses or jumps straight into private tours, the key is timing, intention, and the right support.
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House-Hunting on a Budget? Here's How to Win Big Stretch your home budget without sacrificing what matters. From factoring in the full cost (yes, that includes taxes and maintenance) to prioritizing must-haves, exploring rising neighborhoods, and considering townhomes or fixer-uppers—there are smart ways to buy without overspending. Curious what your budget can unlock right now in Central Jersey? Let’s map it out.
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Foreclosures Rising in NJ: What Buyers and Sellers Need to Know Two New Jersey counties just hit a two-year high in first-time foreclosures—and it’s shifting the local real estate landscape. Somerset & Morris See the Sharpest Spikes According to new data from Property Shark, foreclosure filings in NJ jumped 23% year-over-year, far outpacing the 6% uptick across the greater NYC region. Here’s what stood out:
“While still below pre-2020 levels, the trend points to lingering financial pressure for some homeowners,” says Rob Barber, CEO of ATTOM.
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Why Hanover Township Isn’t Cooling Down—Even as Other Markets Slow While many New Jersey towns are seeing price cuts and slower sales, Hanover Township is doing the opposite. Inventory is tight, competition is high, and homes are flying off the market—often well over asking. What's Driving the Demand? Local agents point to a powerful mix of value and livability:
Inventory Is Scarce—and That’s Fueling Bidding Wars As of mid-July, there were fewer than 10 single-family homes for sale in the entire township. With demand far outpacing supply, sale prices are soaring. Hanover Township isn’t flying under the radar anymore—and in this market, speed and strategy make all the difference.
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Why NJ Housing Costs Keep Climbing—And Who Should Pay to Fix It New Jersey home prices continue to climb—and now lawmakers are debating who should foot the bill to make housing more affordable. What This Means for Buyers and Sellers If you’re buying: Expect continued competition—especially in family-friendly towns near NYC and Philly. Look into new developments or less-saturated markets. If you’re selling: Even with rising costs, demand is still high. But staying ahead of shifting policies could help you make the most of your timing. 📩 Not sure how this could impact your move? Let’s talk strategy and get clear on what’s next.
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NJ Is Setting the Pace for Real Estate Tech Bergen County just launched the largest blockchain land-record project in the U.S.—digitizing over 370,000 deeds and $240B in property value. This move could streamline closings, cut costs, and open the door to tokenized real estate across New Jersey. Why it matters:
In a state with high demand and aging systems, tokenization is New Jersey’s bold step into the future.
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Copyright © The Egri Team Brokered By KW Elite Realtors. All rights reserved. |
Contact us: 732-516-8924 | website: https://www.teamegri.com/ |