![]() |
![]() |
The Egri Edge: Your NJ Real Estate Roundup This Week’s Blog by The Egri Team The New Jersey real estate scene is moving fast—some areas are heating up, others are hitting snags. In today’s roundup, we’re breaking down the key shifts, new policies, and bold strategies that matter right now:
Skim this now and stay one step ahead 👇 |
![]() |
![]() |
|||
The Home Seller’s Roadmap: Clear Steps, Real Results Whether you're expanding, downsizing, or simply ready for a fresh start—prepping your home for sale doesn’t have to be overwhelming. We’re Chris & Diane Egri—your local real estate partners—and we’re here to simplify the journey with a plan that works for you.
Ready to Sell—Soon or Someday? Whether you’re a month out or just exploring the idea, we’ll help you create a prep plan that works on your timeline. Let’s talk about your next step. 📞 Reach out and let’s get your home ready—your way.
|
|||
![]() |
![]() |
|||
Ready for More Space or a Fresh Start? Your Equity Can Help Thinking about upgrading to a larger home, switching neighborhoods, or carving out a home office? Even with today’s rates, your home equity could give you more purchasing power than you realize. Turn Equity Into Opportunity Your equity is tied to your home’s current market value—and it can be a key advantage in your next move. Let’s Make a Smart Move—Together Not sure where to start? You’re not alone—and you don’t have to figure it out by yourself. Let’s map out your options and make a plan that fits your life, your goals, and your next chapter.
|
|||
![]() |
![]() |
|||
Foreclosure Spike Hits North + Central Jersey—Here’s What’s Really Driving It New data shows a sharp rise in foreclosures across most North and Central Jersey counties—but what’s behind the spike, and should homeowners be worried? 🔍 Where Are Foreclosures Rising Most? Property Shark’s latest report compared Q2 2024 to Q2 2025, covering single-family, two-family, condos, and co-ops in 12 NJ counties. Here's where the uptick is most pronounced:
In total, the region saw 804 foreclosures in Q2 2025—a 23% year-over-year increase and a 34% jump quarter-over-quarter. 💬 What Local Experts Are Saying Michael Read of Bridgeway Mortgage in Morristown isn’t ringing the alarm: “Fifty-four foreclosures in Morris County isn’t huge when you compare it to pre-pandemic levels.” He points to 66 foreclosures in Q2 2019, before the pandemic and federal protections. His take? This is pandemic forbearance catching up—not a market-wide collapse.
|
|||
![]() |
![]() |
|||
NJ Home Sales Are Climbing—But Affordability Tells a Different Story New Jersey’s real estate market showed renewed momentum in Q2 2025—especially in June. More homes hit the market, buyer interest stayed strong, and transactions surged across the board. But even with rising inventory, affordability is tightening—especially for single-family homebuyers. What’s Fueling the Market? Kathy Morin, President of New Jersey Realtors, says the summer surge reflects a healthier balance: “With more homes on the market, buyers have options—but prices are still holding strong.” Inventory rose to 2.8 months of supply, up 16.7% from a year ago. That’s good news for buyers—but the market is still tilted in sellers’ favor.
|
|||
![]() |
|
![]() |
|||
Big Win for NJ Buyers: “Mansion Tax” Reform Makes Homes More Affordable A major policy change is shaking up New Jersey real estate—and it’s good news for buyers. Thanks to persistent advocacy by NJ REALTORS®, the long-standing “mansion tax” just got a serious makeover. 🏡 Wait—What Is the Mansion Tax? Since 2004, NJ buyers have had to pay a hefty transfer fee when purchasing homes priced over $1 million. But in many communities today, $1 million doesn’t mean luxury—it means a starter home. Here’s what changed:
💬 What This Means for You If you’re buying under $2M, this change could save you thousands at closing.
|
|||
![]() |
|
|
|||
Where Are NJ’s Priciest Homes? Start Here. Thinking about investing in a home that holds long-term value? Some towns in New Jersey aren’t just scenic—they’re also some of the most sought-after markets in the state. These places combine location, legacy, and lifestyle—and that’s reflected in their price tags. Rising Rates, Rising Values
What’s pushing these prices higher? Think: beach access, proximity to NYC, historic charm, and low inventory.
|
|||
![]() |
|
|
![]() ![]() ![]() ![]() |
|
![]() |
Copyright © The Egri Team Brokered By KW Elite Realtors. All rights reserved. |
Contact us: 732-516-8924 | website: https://www.teamegri.com/ |