Stephanie Jang runs again as a Republican candidate for mayor of Palisades Park, NJ. • Public Service Background: Before running for municipal office, Stephanie Jang served on the Palisades Park School Board of Education starting in 2018 and previously served as the Board's President. She was later sworn in as a Palisades Park Councilwoman after winning a tight council election. Last...
Housing Market’s New Test: The 7% Mortgage • Last week, 30-year fixed rates averaged 6.76% according to Freddie Mac. But daily rates have jumped since then and already surpassed 7%, according to Mortgage News Daily, which uses a different methodology. • Mortgage rates as surveyed by Freddie Mac touched 7% in January 2025, but they haven’t stayed above that level for an extended...
Market is becoming easier for buyers slowly As the housing market enters the fall season, sellers across the nation are lowering home prices. This price adjustment is particularly noticeable in regions where home prices surged during the pandemic. According to USA Today, citing data from Realtor.com, the median national price-per-square-foot listing for homes in August dropped...
Lower Manhattan Has Roared Back In 2001, the Sept. 11 terrorist attacks killed close to 3,000 people and reduced the World Trade Center to rubble. The Twin Towers’ shocking collapse inflicted such trauma that many wondered if the Financial Dis. could recover. Now, as the 25th anniversary of the event approaches, lower Manhattan is roaring back. Its population has roughly tripled...
C Land Realty Finalizes Major Logistics Center Deal in NJ • C Land Realty has successfully brokered a long-term lease agreement for a 50,000-square-foot cold chain logistics center located in Northern New Jersey. • The subject of this transaction is a 52,304-square-foot logistics and refrigeration facility located in North Bergen, Hudson County, New Jersey. Situated in a strategic logistics hub,...
San Francisco’s AI Boom Fuels Record Sale in Bay Area Town A gated estate in California’s Hillsborough has sold for $70 million— double the previous record for the affluent town, according to the listing agent. After being shopped off-market late last year, the property just outside San Francisco was listed for $88 million in February. Listing agent Jennifer Gilson of Golden Gate...
Deepening Polarization in the Housing Market by Price Point Polarization between luxury homes and first-time (starter) homes is deepening in the domestic housing market. According to a report by real estate data firm Zillow, cited recently by Fox Business, contrasting trends have emerged: demand for luxury homes is surging, while demand for starter homes is slowing alongside an increase...
$100,000 H-1B Fee Blocked Again in Court of Appeals The Donald Trump administration's attempt to increase the application fee for the H-1B specialty occupation visa to $100,000 has hit another roadblock. Reuters reported on the 24th that the U.S. Court of Appeals for the First Circuit, based in Boston, rejected the Trump administration's request to stay the effect of a lower court...
Broker Fees Hinder Residential Mobility • Federal Appeals Court Dismisses Lawsuit Against FARE Act. Ordinance Banning Shift of Broker Fees to Tenants Maintained. • On the 13th, the U.S. Court of Appeals for the Second Circuit dismissed the plaintiffs' claims in a lawsuit filed by New York City landlords and real estate brokerage groups opposing an ordinance (the FARE Act) that prohibits...
Pal Park Wins Lawsuit Against Former Administrator Former Administrator Lorenzo ordered to return public funds received over $270,000 in sick leave and vacation pay. The Borough of Palisades Park, New Jersey (hereinafter referred to as Pal Park), has won its lawsuit seeking the return of public funds filed against former Administrator David Lorenzo. The court ordered Lorenzo to "return more...
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