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Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

Judge Denies New Jersey Towns’ Injunction Request on Affordable Housing Mandate

by Phil Hall | Jan 3, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A New Jersey judge rejected a request from 26 towns for an injunction to halt the state’s affordable housing development process while their lawsuit challenging the state requirements is decided. The towns sued in October to void a state law the created guidelines for...
Report: West Virginia Named Top State for 2024’s Inbound Migration

Report: West Virginia Named Top State for 2024’s Inbound Migration

by Phil Hall | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

West Virginia led the nation for inbound migration during 2024 while New Jersey saw the greatest outbound migration, according to United Van Lines’ 48th Annual National Movers Study. West Virginia had the highest percentage of inbound migration (66%) among the states...
New Jersey Condo Property Manager Arrested on Theft and Fraud Charges

New Jersey Condo Property Manager Arrested on Theft and Fraud Charges

by Phil Hall | Dec 30, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The property manager of a New Jersey condominium complex was arrested on multiple charges of theft and forgery. Corner Property Management of Springfield, New Jersey, asked the Union County Prosecutor’s Office to investigate significant discrepancies in its accounts....
Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

Real Estate Investor Sentenced for Role in Mortgage Fraud Scheme

by Phil Hall | Dec 18, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A New Jersey real estate investor was sentenced to five years in prison and ordered to pay $22 million in restitution for his role in a $54.7 million multi-year mortgage fraud scheme. Aron Puretz was an employee of Apex Equity Group, a real estate investment and...
Report: Four States Are Home to Most At-Risk Housing Markets

Report: Four States Are Home to Most At-Risk Housing Markets

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, Florida, Illinois and New Jersey were home to the greatest number of at-risk markets in the country, according to the third quarter Special Housing Risk Report from ATTOM. The new report found two-thirds of the 50 counties considered most exposed to...
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