North Brunswick Reduces CCO Inspection Fees

At its meeting on November 3, 2015, the North Brunswick Township Council adopted an ordinance creating a new Certificate of Continued Occupancy inspection requirement. Working with the Middlesex County Association of Realtors®, New Jersey Realtors® was able to have the fees that sellers would have to pay when selling their homes reduced. As originally discussed earlier […]

Posted in Government Affairs, Home | Tagged , | Comments Off on North Brunswick Reduces CCO Inspection Fees

Metuchen Passes Vacant and Abandoned Property Ordinance

On Tuesday, September 8, the Metuchen Borough Council voted to pass ordinance 2015-10, which addresses vacant and abandoned properties and storefronts within the community.  After the ordinance was proposed earlier in the summer, the Middlesex County Association of Realtors® worked with members of the Borough Council to address some concerns over areas of the ordinance that pertained to […]

Posted in Government Affairs, Home | Tagged , , | Comments Off on Metuchen Passes Vacant and Abandoned Property Ordinance

Stanhope Exempts Realtors® From Vacant Property Requirements

At its August 25, 2015 meeting, the Stanhope Borough Council adopted an ordinance exempting real estate licensees from being required to register vacant properties they have listed with the municipality. This ordinance was adopted in response to a request from the Sussex County Association of Realtors® and New Jersey Realtors® over concerns that Realtors® would be […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Stanhope Exempts Realtors® From Vacant Property Requirements

New Jersey Realtors® Prevails In Case Limiting Municipal Licensing Fees

New Jersey Realtors® won a significant victory for tenants and the rental industry when the court held that municipalities are limited in the licensing fees they can charge for apartments. In the case, Timber Glen Phase III, LLC v. Township of Hamilton, the Appellate Division held that municipalities can only impose a licensing fee with […]

Posted in Government Affairs, Home | Tagged , | Comments Off on New Jersey Realtors® Prevails In Case Limiting Municipal Licensing Fees

Realtors® Win Local Victories in Trenton and Fair Haven

This week, New Jersey Realtors® had the pleasure of working closely with local associations to help advocate the Realtor®-position on two important issues. Alongside the Mercer County Association of Realtors®, we opposed an ordinance in Trenton that would have held property owners legally responsible for the criminal actions of their tenants and potentially cost landlords thousands of dollars.  This ordinance […]

Posted in Government Affairs | Tagged , , | Comments Off on Realtors® Win Local Victories in Trenton and Fair Haven

Gov. Christie Vetoes Fire Sprinkler Bill

On May 7, Gov. Christie made the decision to conditionally veto proposed legislation for a statewide fire sprinkler bill for a second time. The bill — which New Jersey REALTORS® has historically taken the position of “monitor” on — would require fire sprinkler systems in new single and two family homes.   In his official […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Gov. Christie Vetoes Fire Sprinkler Bill

NJ Buyers Re-Entering the Housing Market

Nearly a decade has passed since the start of the foreclosure crisis, and new research from the National Association of REALTORS® indicates the long awaited return to the housing market of formerly distressed homeowners with restored credit. According to the study , while California, Florida, and Arizona are expected to see the largest share of return buyers within […]

Posted in Consumers, Home | Tagged , , | Comments Off on NJ Buyers Re-Entering the Housing Market

NJ Supreme Court Issues Affordable Housing Ruling

On March 10, 2015, the New Jersey State Supreme Court issued a ruling placing the courts in New Jersey in charge of affordable housing policy instead of the Council on Affordable Housing. Under the ruling — beginning in July of this year — affordable housing policies will be able to be brought before the courts because of COAH’s […]

Posted in Government Affairs, Home | Tagged , | Comments Off on NJ Supreme Court Issues Affordable Housing Ruling

Governor Christie Delivers FY 2016 Budget Proposal

On February 24, Gov. Chris Christie presented his Fiscal Year 2016 budget proposal to a joint session of the New Jersey State Legislature. In his speech, Christie announced his proposed budget for the next fiscal year totals $33.8 billion and contains a 3.8 percent revenue increase due to an uptick in state economic activity leading to higher […]

Posted in Government Affairs, Home | Tagged , | Comments Off on Governor Christie Delivers FY 2016 Budget Proposal

August Real Estate Report: New Jersey Housing Market Sees Small Gains

New Jersey’s housing market continued to recover from a soft patch earlier this year, according to the monthly report from the New Jersey REALTORS®. The August median sales price rose modestly again to $315,000, despite fewer closed sales that month. Similar to the previous month, August’s months’ supply decreased slightly, but remains relatively high and […]

Posted in Other | Tagged , | Leave a comment