Is the New Jersey housing market headed for a downturn? In this episode of The New Jersey Living Podcast, veteran Coldwell Banker broker Michael Pennisi offers his expert analysis on what homebuyers and sellers can expect in 2025.

Despite 2024 seeing the lowest home sales in 30 years nationwide, New Jersey's market remains resilient due to persistent demand amid limited inventory. Pennisi forecasts interest rates stabilizing between 5-6% in 2025, potentially sparking increased buying activity while also heightening competition.

With millennials driving demand and new construction focused primarily on luxury rentals rather than affordable single-family homes, buyers may benefit from acting sooner rather than later. Meanwhile, sellers should strategically time their market entry and consider cost-effective upgrades to maximize returns in this evolving landscape.

Did you know some of the biggest names in music, film, and sports call New Jersey home? 🤯 Join Corey Jones and Jose Rodriguez on The Garden State Take as they explore NJ’s rich celebrity history and why stars love living here. From A-list neighbors to NJ’s unique real estate appeal, plus Corey and Jose’s fun celebrity encounters—this episode has it all. Don’t miss out! 🎙️✨

Welcome to an unforgettable episode of The New Jersey Living Podcast! Are you considering a move to the Garden State? Whether you’re a local or new to the area, there’s one must-visit destination you’ll want to add to your list—The Chart House!

Join us as we sit down with Hans Nielsen, General Manager of New Jersey's top-rated dining spot, located on the iconic waterfront. Discover why The Chart House is beloved not just by locals but by visitors from all over the state. Hans shares insider insights into what makes this restaurant truly exceptional—from its rich history and rebuilding journey to its breathtaking location and world-class menu.

🚨 Interest Rate Update! 🚨 Did you catch my latest YouTube episode on mortgage interest rates? 🎥 Spoiler alert: We published right before the Fed dropped rates by 0.5% on September 18th—bigger than expected! 🤯 My conversation with lending partner Kevin Handerhan dives into how this drop is pushing more buyers into the market, but here’s the kicker: mortgage rates don’t always play follow-the-leader with the Fed! 📉 We also discuss what to expect as we head into the final quarter of 2024 and early 2025. How low will rates go? And will we finally see more homes hit the market? 🏡 Click the link in bio for the full episode! 🔗

#MortgageRates #RealEstateMarket #InterestRates #FedRate #RealEstateTips #HomeBuying

🌟 Ready to play Monopoly - Jersey style? 🏘️ Join me & the savvy Kevin Collymore as we duke it out on NJ's Top 5 investment hotspots! Multi family moguls, this one's for you. Tune in or miss out on prime real estate gold! #Top5 #RealEstate #NewJersey #InvestmentProperty 🎩💼

🏡💸 Is it THE moment to invest in some Jersey soil? Tune into "Garden State Take" on New Jersey Living The Podcast! Kevin Collymore dives deep into the national real estate price nosedive - but does Jersey follow suit? Find out now! #NewJerseyLiving #GardenStateTake #RealEstate #PriceDrop

🔎 Diversify your portfolio with the power of Mixed-Use properties! 🏢🛍️ Tune into our latest episode of New Jersey Living The Podcast for professional insights on why real estate investments in this sector are key. Don't miss out on learning about the deals that check all the boxes! #RealEstateInvestment #MixedUse #SmartInvesting

🚨 BREAKING NEWS for every buyer & seller! 🚨 Before you hire a Realtor, STOP and listen to this crucial episode! Michael Pennisi, esteemed Broker at Coldwell Banker, breaks down the seismic shifts in Agency post-NAR lawsuit settlement. The landscape is changing – be informed. Don't make a move until you know the facts! #RealEstateAlert #SettlementChanges #AgencyEvolution

🏡💥 Spotting a dream home or a structural nightmare? Tune into our podcast with the savvy Structural Engineer Safwat Tadrous. We're dissecting those hidden red flags that could haunt homeowners and first-time buyers. Don't let New Jersey living catch you off guard! #HomebuyerTips #NJRealEstate #PodcastAlert

📈🏠 Attention New Jersey Homebuyers & Sellers! As interest rates nudge higher, the burning question remains: Are property prices taking a dip? Don't miss out on our Spring market review for an in-depth analysis of the latest Market Trends. Uncover the pulse of Real Estate this season. #NewJerseyRealEstate #MarketTrends #SpringMarket