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Welcome back to another episode of The Wilton Report, Princeton’s only dedicated real estate podcast and videocast! In today's episode, we dive deep into a controversial topic affecting the housing market in Princeton, New Jersey—redlining and how it might be happening through historic preservation policies.
In this episode, Josh Wilton, co-owner and broker of Queenston Realty, breaks down:
The challenges facing first-time homebuyers in a high-demand, low-inventory market.
Insights into Princeton's real estate trends and how historic overlays are impacting the ability to build and buy homes.
A case study on a specific property (114-118 Birch Street) and why it languished on the market for over 150 days, despite being a double lot in a desirable neighborhood.
How restrictions in neighborhoods like John Witherspoon are limiting housing options for both sellers and buyers.
A closer look at the issues surrounding housing density and why we need more affordable housing options that people can actually buy.
Josh also shares updates on upcoming events, including a First-Time Homebuyer Seminar and talks about the new offerings from their sister company, Princeton Property Management Services, now managing local Airbnbs!
🚨 Important: If you're watching on YouTube, be sure to check out the photos of the homes discussed in today’s episode.
🏠 If you're interested in Princeton's real estate market or have questions on buying or selling in the area, you won’t want to miss this.
🔔 Don't forget to like, comment, and subscribe for more insightful content on Princeton real estate, local market updates, and much more! If you have any questions or thoughts on this episode, Josh would love to hear from you.
📅 Upcoming Event:
First-Time Homebuyer Seminar – December 14th, 10:15 AM
📞 Have questions?
Text Josh: 609-773-8054
Follow Josh on Instagram: @JoshWilton71
#PrincetonRealEstate #WiltonReport #Redlining #HistoricPreservation #HousingMarket #RealEstatePodcast #NewJerseyHomes #PrincetonNJ #FirstTimeHomebuyer #RealEstateTrends #AffordableHousing #RealEstateIssues
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In the 51st episode of The Wilton Report, co-owner of Queenston Realty, Josh Wilton, discusses the current state of real estate markets including West Windsor, East Windsor, Lawrenceville, and Princeton. He outlines the significant trends in home sales and prices over recent years, emphasizing the market's strong price growth despite declining inventory. He also highlights upcoming market seminars for those interested in gaining a comprehensive understanding of local real estate trends. Join the upcoming seminar on the 19th, either on Zoom or in person, for deeper insights.
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Welcome back to 'The Wilton Report', Princeton's top real estate podcast! In today's episode, we delve into the current market trends in Princeton and the surrounding areas. We provide an analysis of home inventory, mortgage rates, and absorption rates to give you a deep understanding of the real estate dynamics. We also discuss the forecast for mortgage rates and how they impact buying and selling decisions. Tune in for valuable insights if you're in the market to buy, sell, or just stay informed about Princeton's real estate landscape. Don't forget to subscribe, rate, and leave a comment on Spotify or Apple Podcasts!
00:00 Welcome to the Wilton Report
00:46 Market Trends and Inventory Analysis
02:15 Understanding Mortgage Rates and Spreads
08:29 Absorption Rates and Market Indicators
10:11 Town-by-Town Real Estate Breakdown
20:39 Upcoming Topics and Closing Remarks
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In this episode of the Wilton Report, Josh dives deep into the current state of the Princeton real estate market, highlighting the tight inventory and the upcoming fall market seminar. He provides insights into national housing trends, particularly the low inventory levels compared to pre-pandemic years, and emphasizes the importance of diverse housing options in Princeton. The discussion also touches on the challenges faced by buyers and sellers in the current market, including price adjustments and the need for strategic planning.
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Welcome back to the Wilton Report, Princeton's only dedicated podcast and video series focusing on all things Princeton and Greater Princeton Real Estate. In this episode, we wrap up the second quarter with a deep dive into national, state, and local real estate data.
Key Highlights:
Overview of national real estate trends.Detailed analysis of New Jersey's real estate market.Insights on Princeton’s local market through the second quarter.Information on our upcoming market seminar on July 20th at 10:15 AM (Zoom or in-person). Text “seminar” to 609-773-8054 for details.Special Features:
Princeton Home Connections for ADU development.Princeton Property Management Services for landlords.Closing services and title company, Princeton Abstract.Notable Segments:
National real estate insights from industry experts like Lance Lambert and Bill McBride.New Jersey’s single-family, townhouse, and condo market trends.Mercer County market specifics and local Princeton data analysis.Upcoming Topics:
Detailed breakdown of surrounding towns such as West Windsor and Plainsboro.Connect with Us:
Subscribe to the Wilton Report for more updates.Share this video on social media and let us know so we can thank you appropriately.Contact:
Text any questions to 609-773-8054.Thank you for tuning in! Don’t forget to hit subscribe and stay updated with the latest in Princeton real estate.
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Welcome back to The Wilton Report! In today's episode, we dive into the current real estate market, discussing trends, opportunities, and potential pitfalls. We'll explore:
The current state of the real estate marketFuture topics: affordable housing overlay, historic preservation in Princeton, and its impact on property rightsThe importance of ADUs (Accessory Dwelling Units) and how to get started with Princeton Home ConnectionsRevamped services for landlords through Princeton Property Management ServicesOpportunities for realtors with Queenston Realty, including our unique compensation structurePrinceton Abstract, our title and closing services company, and upcoming insurance venturesStay tuned as we break down market trends, highlight significant statistics, and share expert insights to help you navigate the real estate landscape.
Key Highlights:
Current market analysis: sluggish yet sellingBreakdown of market segments: under $1 million, $1-2 million, and over $2 millionPredictions on market movements and inventory changesAchievements of Queenston Realty in the Princeton marketContact Us:
For ADUs: Princeton Home ConnectionsFor Property Management: Princeton Property Management ServicesFor Real Estate Opportunities: Contact Queenston Realty at 609-773-8054Join us for detailed market insights and stay ahead of the real estate game. Don't forget to tune in for our next multilingual episode in Korean, Chinese, and French!
Follow Us:
Subscribe to our YouTube channel for more updates.Listen to us on Spotify and other podcast platforms.Subscribe, Like, and Share!
#WiltonReport #RealEstate #PrincetonRealEstate #MarketTrends #QueenstonRealty #ADUs #PropertyManagement #RealEstateInvesting
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In this episode of The Wilton Report, Princeton's exclusive blog and video blog about residential and commercial real estate, host Josh Wilton returns to provide an in-depth analysis of the current real estate market trends. Josh discusses the market's interesting dynamics, the impact of undersupply, national and local price appreciations, and how specific areas like Princeton, West Windsor, Lawrenceville, and Cranbury are performing. He also highlights Queenston Realty's unique approaches, including their ADU developments and referral associates. Join us for valuable insights for both buyers and sellers in the region.
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Welcome back to The Wilton Report, your go-to podcast/videocast for all things Princeton real estate! In this episode, we delve deep into the rental market trends of the first quarter of 2024.
Join us as we analyze the data, discuss the current state of rental properties, and uncover valuable insights for both landlords and tenants. From pricing dynamics to demand patterns, we cover it all.
Discover why rental inventory is sparse, how landlords are commanding top dollar for their properties, and what it means for prospective tenants. Plus, gain valuable tips for navigating the competitive rental landscape in Princeton.
Whether you're a landlord, tenant, or potential investor, this episode is packed with essential information to keep you informed and empowered in the Princeton real estate market.
Don't miss out on the latest insights from The Wilton Report! Hit play now and stay ahead of the curve in Princeton's dynamic real estate scene.
Got questions or comments? Reach out to us on social media—we'd love to hear from you! Thanks for tuning in, and until next time, happy renting! 🏡✨
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Welcome back to The Wilton Report! Join Josh as he breaks down the latest trends and insights in the real estate market, focusing on Princeton and beyond. In this episode, Josh covers a wide range of topics, from inventory shifts nationally to the local market dynamics in Princeton. With insights backed by years of experience, Josh provides valuable information for buyers, sellers, landlords, and tenants alike.
In this episode, Josh discusses:
National inventory shifts and housing market affordability.Updates on Princeton's real estate scene, including new listings, closed transactions, and pricing trends.Insights into bidding wars, pricing strategies, and market dynamics for both buyers and sellers.A preview of upcoming changes in the real estate industry and how they might impact you.Plus, don't miss out on Josh's upcoming market seminar on May 18th at 10:15 a.m., where he'll dive deeper into market insights and strategies for success. Whether you're a seasoned investor or a first-time homebuyer, there's something for everyone in this episode of The Wilton Report.
Subscribe to The Wilton Report on YouTube, Spotify, Apple Podcasts, or your preferred platform to stay updated on the latest episodes. And if you find this episode helpful, don't forget to share it with anyone who's navigating the real estate market.
Thank you for tuning in, and see you next week on The Wilton Report!
00:00 Welcome to the Wilton Report: Princeton's Premier Podcast Vlog
00:29 Introducing Queenston's Array of Companies
01:01 Meet the Wilton Group: Your Real Estate Dream Team
02:04 The Importance of a Strong Support Network in Real Estate
03:55 First Quarter Real Estate Recap: National and Local Insights
06:55 A Deep Dive into New Jersey's Real Estate Market Trends
10:40 Princeton's Real Estate Market: A Closer Look
17:12 Forecasting the Future: Real Estate Trends to Watch
20:58 Final Thoughts and Upcoming Events
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Welcome back to the Wilton Report! Join Josh in this update as he shares insights on the challenging real estate market in Princeton, New Jersey. From the launch of Princeton Home Connections, a new company specializing in ADUs (Accessory Dwelling Units), to the latest market trends, Josh covers it all. Learn about the upcoming public-facing seminars on March 14th and 16th. Discover the benefits of ADUs, insights into the competitive market, and valuable buyer and seller strategies. Don't miss out – watch now and share with friends interested in the Princeton real estate scene! 🌆🏠 #RealEstate #PrincetonHomes #WiltonReport
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Welcome back to the Wilton Report! In this episode, we dive into the scintillating real estate market, covering everything from national job growth to local market dynamics in Princeton and West Windsor. Join us as we analyze the latest trends, including the surge in housing prices, dwindling inventory, and the impact on buyers and sellers. Don't miss out on the insider insights and expert analysis that can help you navigate the current real estate landscape. Plus, get a sneak peek into our upcoming in-person seminar at the Nassau Club. Subscribe, stay informed, and make strategic moves in this dynamic real estate environment. See you at the Nassau Club!
🏡 #RealEstate #HousingMarket #ResidentialRealEstate #WiltonReport
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📢 Exciting Episode Alert! 🎙️
In this week's episode of the Wilton Report, Josh Wilton welcomes a special guest, Lance Lambert, the founder of ResiClub, a news and research company focused on the residential real estate market. Lance discusses the nuances of the U.S. housing market, the impact of the pandemic on housing trends, and the variation in market behavior across different regions.
They delve into the concept of a "bifurcated market" and explore how factors like work-from-home trends, interest rates, and local market dynamics contribute to the housing landscape. Lance shares insights into specific markets like Austin, Texas, and the Northeast, highlighting the role of inventory, new home construction, and affordability.
The conversation also touches upon the current state of mortgage rates, the potential unlocking of inventory as rates change, and predictions for the housing market in 2024. Josh and Lance engage in a thought-provoking discussion on the interplay between interest rates, the labor market, and the decision-making process for homebuyers.
Don't miss out on this informative and dynamic conversation between Josh Wilton and Lance Lambert! To stay updated on the latest real estate insights, make sure to follow Lance on Twitter at @newsLambert and check out Resi Club at resiclubanalytics.com.
🔗 Connect with Lance Lambert:
Twitter: @newsLambert
Resi Club: resiclubanalytics.com
🏡 #RealEstate #HousingMarket #ResidentialRealEstate #WiltonReport
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🎉 Welcome to 2024! 🎉 In this special 40th episode of the Wilton Report, we take a moment to acknowledge and thank our incredible viewers for their unwavering support. It's been an amazing journey exploring the intricacies of the Princeton real estate market together. Your feedback has been invaluable, and we appreciate each and every one of you who has joined us on this adventure.
🙌 A special shout-out goes to some of our biggest fans at Princeton High School – Leo Surrett, Joe George, Louisa Buss, Tyler Goldberg, and Aiden Linkov. Your enthusiasm and good-natured teasing have added a unique flavor to the Wilton Report. We love hearing from you, even if it's not always fun for Sean Wilton (our host's youngest son). Thanks for making the Wilton Report trend at Princeton High School in 2024!
📅 Save the Dates:
February 3rd, 10:15 AM: Join us for an in-depth exploration of the local real estate markets, covering Princeton, Mercer County, Middlesex County, and Somerset County. Whether you're buying, selling, investing, or just curious, this seminar is for you.
February 29th, 6:15 PM: If you're a homeowner or investor looking to lower your taxes, don't miss our online or in-person seminar at 344 Nassau Street. We'll delve into the appeals process, hosted by Jeff Gerdone, a partner at a prominent law firm in New Jersey.
🔗 Registration Details:
To register for these seminars, keep an eye out for the links we'll be posting this week. Alternatively, you can text us at 609-773-8054, specifying which seminar you're interested in (market seminar or tax appeal), and we'll ensure you have a seat.
📊 2023 Real Estate Recap:
Nationally, 2023 presented challenges, with an 18% decline in sales volume. Existing home inventory dropped significantly, affecting buyer choices and affordability.
Inflation has shown signs of improvement, and interest rates have come down since October 2023.
Job growth in New Jersey, particularly in Mercer and Middlesex County, has contributed to the strong local real estate market.
🏡 Princeton Real Estate Highlights:
Transaction volume in Princeton saw a decline, leading to increased appreciation in home values.
The average sale price in Princeton has surged, particularly in the single-family home segment, reaching $1.399 million.
Condos, townhouses, and duplexes have also seen significant price increases, making the first-time homebuyer segment competitive.
🔮 2024 Forecast:
The first two quarters are expected to be tight in terms of inventory, with appreciation likely.
A slight loosening of the market is anticipated by the end of the second quarter, leading to a more active third quarter.
Sellers are encouraged to act now to take advantage of low competition, while buyers should carefully consider their options.
🌟 Thank You & Looking Forward:
As we kick off 2024, we extend our gratitude to the viewers and supporters of the Wilton Report. Your engagement, questions, and feedback drive us to provide valuable insights into the dynamic real estate landscape. Stay tuned for upcoming episodes, including a deep dive into the rental market and conversations with investors. Happy New Year, and welcome back to the Wilton Report! 🏡🎉
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In the final episode of 2023, we delve into the current market conditions, emphasizing the supply shortage while highlighting the huge demand for properties. With a retrospective look at the performance of Princeton real estate podcast, the Wilton Report, we explore the market outlook for 2024 based on respected economists and indicators. We also discuss the services we offer such as property management, realtor compensation plans, and ADU development. Finally, we provide updates on planned events, including market seminars and a tax appeal workshop in early 2024. Join us on our journey navigating through the real estate market, be part of our growing subscriber base, and stay tuned for in-depth market analysis in the coming year.
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🎉 Exciting News: Introduction to Accessory Dwelling Units (ADUs) in Princeton! 🏡🌟
Welcome to the premiere episode of Princeton Home Connections! 🎥 Join us as we dive into the world of ADUs with Josh Wilton, Marina Rubina, and Ingela Kostenbader. In this episode, we explore the concept of ADUs, their benefits, and how they're revolutionizing housing in Princeton.
Episode Highlights:
🏠 What is an ADU?
🌐 Exploring the ADU concept
👪 Meeting diverse housing needs
💼 Economic advantages for homeowners
🔍 Current housing market trends in Princeton
🌱 Sustainable living with ADUs
💡 Creative design solutions
💰 Maximizing return on investment
🤝 Community outreach and education
Join us for an insightful conversation that sheds light on the potential of ADUs in Princeton. Whether you're a homeowner, prospective buyer, or just curious about innovative housing solutions, this episode has something for everyone!
📌 Stay tuned for more episodes covering ADU design options, navigating the regulatory landscape, and real-life success stories!
Connect with Princeton Home Connections:
🌐 PrincetonHomeConnections.com
📧 Contact: [email protected]
Don't forget to like, subscribe, and share this video to spread the word about the exciting possibilities of ADUs in Princeton! 🎉🏠 #PrincetonHomeConnections #ADUs #InnovativeHousing #PrincetonRealEstate
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Welcome to the latest edition of the Wilton Report with Josh Wilton, your host and a broker at Queenston Realty in Princeton. In this episode, Josh delves into the critical issue of the "missing middle" in the Princeton real estate market. He discusses the scarcity of available homes for middle-class buyers and the impact of rising prices. Join Josh as he explores the data and provides insights into the local housing market. Don't miss this eye-opening episode.
For more real estate insights and information about upcoming events, visit PrincetonPropertyManagementServices.com and stay updated with Queenston Realty's latest offerings. If you're interested in the Princeton real estate market, strategies for buying, selling, or investing, be sure to attend their market update seminar. Josh also shares details about upcoming 1031 exchange workshops in December.
In addition to discussing the real estate market, Josh highlights the importance of affordable housing options and potential solutions like ADUs (Accessory Dwelling Units). He encourages viewers to consider the need for additional housing to accommodate the growing population and demand for homes in the area.
The episode also touches on personal topics, such as philanthropy and community support, with Josh sharing his commitment to donating to the Rescue Mission of Trenton in memory of his brother, Phil, who struggled with addiction. The Rescue Mission helps combat homelessness and addiction, making a meaningful impact in the community.
Stay informed about the Princeton and West Windsor real estate markets, discover the challenges of the "missing middle," and gain insights into the broader housing landscape. Like, subscribe, and share to support the Wilton Report's mission to provide valuable information to its viewers.
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Good morning everybody and welcome back to the Wilton Report, Princeton's only dedicated podcast and videocast! We are going to get started today. The market remains as frenetic as ever and I have to tell you, it's intense. It's an intense market for everybody.
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Welcome back to the Wilton Report! This is our 36th episode and it's pretty exciting, because it's our first episode where we have a guest Adrian Colarusso, CPA, CPT.
https://www.linkedin.com/in/adriancolarusso
The views that Adrian expresses in this podcast are his own and don’t necessarily reflect the views of his firm, Target Rock Wealth Management. The information he shares is for informational purpose only and should not be construed as financial advice.
Adrian is a friend of mine, a customer, and a Princeton resident. We are going to talk, of course, all things Princeton real estate and Adrian is going to present some interesting financial models for people who are thinking of becoming landlords or current landlords and are thinking about the best use to their money.
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Hello and welcome back to The Wilton Report. My name is Josh Wilton and you are now watching or listening to the only video cast or podcast completely dedicated to the Princeton real estate market in Princeton, New Jersey, a rather beautiful Princeton, New Jersey I might say. So let's get to it. We are going to take a look at the 2023 year to date rental market analysis.
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Good morning everybody and welcome back to The Wilton Report, Princeton's only dedicated real estate podcast, videocast, whatever cast you want to call it. We talk all things real estate for Princeton and the greater Princeton market . Today we have a lot of really interesting numbers to cover. We're going to take a deep dive into the close of the second quarter and we're going to look at the overall numbers. And at the end, we're going to take a look at inventory and what I think is going to happen for the balance of the year.
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