The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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the staff of the Ridgewood blog
Ridgewood , NJ — As part of the newly passed $58.78 billion FY 2026 New Jersey state budget, major changes are coming to the state’s real estate tax structure — particularly the “Mansion Tax.” The revamped policy will increase taxes on high-end property sales and shift responsibility from buyers to sellers, significantly impacting the state’s luxury real estate market.
the staff of the Ridgewood blog
Ridgewood NJ, Homes are selling at record speed across New Jersey, placing the Garden State among the top 10 states in the U.S. where properties are flying off the market the fastest, according to the latest data from Realtor.com.
Continue reading New Jersey Ranked Among Top 10 Fastest-Moving Housing Markets in the U.S.
the staff of the Ridgewood blog
Ridgewood NJ, as we move into 2025, the real estate market is expected to bring stability in mortgage rates, a modest increase in housing inventory, and slower home price growth. Here’s a breakdown of the latest forecasts and expert insights on what homebuyers and sellers can anticipate in the coming year.
Continue reading NJ Real Estate in 2025: What to Expect for Buyers and Sellers
