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New Jersey

ONE Sotheby’s International Realty expands into New Jersey

Brokerage, Florida, HWmember, Mergers and Acquisitions, New Jersey, ONE Sotheby’s International Realty, Real Estate, Real Estate Agents /

Mayi de la Vega and Daniel de la Vega, the leaders behind luxury brokerage ONE Sotheby’s International Realty, have announced the company’s expansion into New Jersey through the acquisition of the 80-year-old Callaway Henderson Sotheby’s International Realty. The move connects two longtime family-led affiliates within the Sotheby’s International Realty network and creates a new luxury […]

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Inventory is rising, but homes are selling faster

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Rising inventory has often meant homes are taking longer to sell. That may be starting to shift in 2026. New HousingWire data suggests the 2026 housing market is becoming more capable of processing available inventory, even as more homes come online nationally. National inventory was up 2.3% year over year in the latest weekly data,

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New Jersey real estate teams merge and join eXp Realty

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Sharif Hatab moved his Team Sharif Sells operation to eXp Realty from Berkshire Hathaway HomeServices FOX & ROACH, Realtors and merged with Peter Boutros’ Stunning NJ Homes to launch the Unify Real Estate Team in New Jersey, the company announced on Tuesday. eXp Realty, the cloud-based brokerage subsidiary of eXp World Holdings, said the move

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New Jersey reverse mortgage counseling bill would have ‘chilling effect’ on senior home equity use, NRMLA says

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The National Reverse Mortgage Lenders Association (NRMLA) this week sent a letter to a New Jersey lawmaker, stating its opposition to a legislative proposal tied to reverse mortgage counseling requirements in the Garden State. The letter is addressed to state Sen. Shirley Turner (D), the sponsor of New Jersey Senate Bill 264, which creates “pre-loan

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Top New Jersey team launches boutique firm at Side

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A top-producing New Jersey team is making the move to Side. The Long Beach Island-based Freeman Group announced Wednesday that it was leaving REMAX at Barnegat Bay to launch a boutique firm, Freeman & Company, at Side.  The six-person team is led by owner and managing partner Edward Freeman. In launching the new firm, Freeman

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NRMLA backs New Jersey bill clarifying reverse mortgage rules

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The National Reverse Mortgage Lenders Association (NRMLA) has voiced formal support for New Jersey Senate Bill 4970 — urging lawmakers to advance legislation that would clarify how reverse mortgages are treated under the state’s secondary mortgage law. In a letter sent to State Sen. Joseph Lagana, the association said the bill would exempt reverse mortgage

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CrossCountry challenges court order in Gallo case

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CrossCountry Mortgage (CCM) filed a motion last week as it seeks to intervene in the criminal case against former loan officer Christopher Gallo, and to vacate a November court order that blocked the company’s arbitration claim against the former employee. National Mortgage News first reported the legal action. According to the Dec. 3 filing, the

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Fulton to acquire money-losing New Jersey bank for 3M

Fulton to acquire money-losing New Jersey bank for $243M

Community banking, M&A, New Jersey /

Forward look: The combined company will start with more than $28 billion of deposits, including $1.8 billion in Northern New Jersey. Supporting data: Blue Foundry Bancorp has reported more than $20 million of losses since its conversion to a stock-traded company in 2021. Expert quote: “Blue Foundry was horrible. They couldn’t make any money,” said

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Court dismisses N.J. mayors’ challenge to affordable housing law

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A New Jersey Superior Court judge has dismissed lawsuits from a coalition of state municipalities seeking to overturn a new affordable housing law — dealing a major setback to opponents of the policy. Assignment Judge Robert Lougy on Tuesday rejected two suits filed by the Local Leaders for Responsible Planning, a group led by Montvale,

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Oceanfirst announces mortgage exit, partners with Embrace

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New Jersey’s Oceanfirst Bank is ceasing mortgage operations later this year, choosing to instead embark on a new nonbank partnership to serve its customers with home lending needs. The “strategic decision” will pair Oceanfirst with Embrace Home Loans, a deal that is set to begin in the fourth quarter this year, bank officials said.  “The

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