As everyone has recently learned clearly, no can predict the future. In this Blog, I can report that the present moment is very strong for real estate in New Jersey. I have experienced a tremendous volume of new transactions over the last 6 weeks.
The real estate lawyer's role and work has been drastically affected by the pandemic ( as has occurred in all areas of life.)
In these unprecedented times, it may seem hard to celebrate, but it is more important now than ever that we look to days like these to allow yourself to enjoy some smile time!
Usually, in a time of uncertainty, it is best to hunker down and not make any significant moves until things calm down, That logic does not seem to be the case with real estate as we come out of this pandemic lockdown.
New Jersey has always been very popular for summer rentals down the shore. The current COVID-19 pandemic is affecting all aspects of people's lives and commerce, including summer rentals.
Governor Murphy signed a new Order extending the deadline to allow property owners to file real estate property tax appeals until July 1, 2020.
I have been practicing law for a long time now and I have experienced many ups and downs in the law practice, in the real estate industry, and in the economy overall. I can specifically recollect recessions which affected the activity and value of properties.
An interesting phenomenon has developed pertaining to real estate and the pandemic. Due to the fact that the more densely populated urban areas have been hit the hardest with the COVID-19 virus statistics, residents of New York City are migrating to the suburbs (Including North New Jersey).