Stories

Real estate insights, market moves, and local intelligence from The Wu Team.

2026-10-04
Central NJ Housing Market: How High Rates Are Trapping Homeowners
Here's a dynamic nobody talks about enough: homeowners who locked in 2.5% or 3% mortgages five years ago are essentially frozen in place. Rates are now double or triple what they had. The math is brutal. Move to a new...
2026-10-03
Kitchen Islands Are Getting Bigger: National Trends and Design Insights
Across the nation, kitchens are undergoing a significant shift, with islands becoming central to modern home design. Data shows that 60% of kitchen renovation households choose to install an island, and more than half...
2026-10-03
What Items Should I Expect to Still Be There at the Walk-through?
The final walk-through is a critical but often overlooked step in the home purchase process. Many buyers are unsure what to inspect at this stage or which items are contractually required to remain in the home. Accord...
2026-09-24
Builders Cut Prices as New Home Supply Holds at 8.5 Months: What It Means for NJ Buyers
The new home market has shifted noticeably nationwide, with new home supply now sitting at 8.5 months. In response, builders are deploying price cuts, upgrades, and incentives to move inventory. For families consideri...
2026-09-07
How Sellers Make Homes Move-In Ready Without Big Renovations: Paint, Lighting and Curb Appeal
In today's competitive real estate market, many sellers invest time in home improvements before listing. But which updates actually deliver the best return? When buyers walk through a home, the feeling of a well-maint...
2026-08-26
Homebuilder Material Costs Jump 6.7% in a Year: What It Means for Central NJ New Homes
Construction material costs have risen 6.7% over the past year, squeezing builder profit margins. While new home prices have not yet reflected these pressures immediately, builders may be forced to adjust pricing over...
2026-08-24
Redfin: Late Summer Is a Good Window for Buyers in the Princeton Area
August and early September create a genuine opportunity for homebuyers in the Princeton, West Windsor, and surrounding areas. As families prioritize summer vacations over real estate moves, overall market activity slo...
2026-08-22
Montgomery NJ's Long-Awaited Whole Foods Opens at the Promenade on Nevius Boulevard
After more than a decade and a half of watching a 54-acre site sit undeveloped, Montgomery residents got their answer on Friday when Whole Foods Market's grand opening drew significant crowds to Nevius Boulevard. This...
2026-08-17
Los Angeles Hits Record ADU Construction: What It Means for ADUs in Princeton NJ
Los Angeles is seeing record ADU construction after easing restrictions, but this trend is far from new. Princeton has actually piloted an ADU permitting system for years, though results have been decidedly mixed and...
2026-08-16
South Brunswick NJ Releases Quick Move-In Townhomes Ready to Close This Fall
South Brunswick just released quick move-in townhomes with limited-time builder incentives, and they're ready to close before fall. This matters for Greater Princeton area buyers hunting new inventory right now. When...
2026-08-16
Trump Officials Float a Capital Gains Tax Cut on Home Sales: What NJ Sellers Should Track
There's a policy conversation happening in Washington that could affect thousands of homeowners in our region: potential changes to the capital gains tax on primary residence sales. Right now, homeowners can exclude u...
2026-08-15
New Loop Roads Open at Route 518/206 in Montgomery NJ: Traffic Pattern Shift
Montgomery just got a major infrastructure upgrade to support new commercial development. This weekend, three new loop roads opened at the Route 518/206 intersection: Nevius Boulevard and Bolmer Corner (at Montgomery...
2026-08-06
Whole Foods Opens August 21 at Montgomery Promenade in Skillman
Whole Foods Market will open its doors on August 21 at Montgomery Promenade in Skillman. The new store spans 45,000 square feet and will serve residents throughout Montgomery Township and surrounding areas with premiu...
2026-08-06
Nevius Boulevard, Bolmer Corner and Village Drive Open at Route 206/518 in Montgomery
This Friday, Montgomery Township will open Nevius Boulevard and Bolmer Corner, with Village Drive scheduled to open the following Monday. This represents a significant infrastructure upgrade for the area, designed to...
2026-08-06
Foreign Buyers Are Buying Fewer US Homes, Led by H-1B Workers, While Luxury Holds Up
Here's what the national headlines don't emphasize: while foreign buyers overall are stepping back from U.S. residential real estate, the pullback is hitting mainstream and mid-market properties hardest. H-1B visa wor...
2026-08-04
CBRE 2026 Report: NY/NJ Life Sciences Jobs Rise, a Route 1 Housing Demand Signal
The New York/New Jersey region is doubling down on its life sciences leadership. According to CBRE's 2026 Life Sciences Talent Trends report, the NY/NJ market is experiencing renewed hiring momentum, surging employmen...
2026-08-04
New Fannie Mae and Freddie Mac Condo Rules: Limited Impact for Greater Princeton Buyers
Starting in August, Fannie Mae and Freddie Mac adjusted their mortgage policies, but the new rules primarily affect older high-rise condo buildings, particularly those with structural or maintenance issues. For condo...
2026-07-27
How to Choose a Real Estate Agent to Sell Your Home in the Greater Princeton Area
In the greater Princeton area, selecting the right real estate agent can be a deciding factor in your home's sale outcome. Many sellers focus on school districts, but a truly excellent agent does much more. They need...
2026-07-13
Investor Buys 60,000 Sq Ft Flemington Retail Center for $4.7 Million
Last week, a nearly 60,000 square foot retail center in Flemington sold for $4.7 million to a family investment group, with Marcus & Millichap handling the transaction. Assets of this size don't trade frequently, and...
2026-07-12
San Francisco Home Sellers Ask for OpenAI and Anthropic Stock: A Signal for Tech Markets
This isn't a hypothetical anymore. Home sellers in the San Francisco Bay Area are now negotiating real estate deals not in dollars, but in private company equity from OpenAI and Anthropic. Even before these firms' ant...
2026-07-11
Going on Vacation? Princeton Police Will Check Your Home for Free
One of the quietest but most valuable services available to Greater Princeton homeowners is right in your police department's backyard. Princeton Police will check on your home while you're traveling for free. That me...
2026-06-26
Mamdani's NYC Rent Freeze Passes: The Hidden Costs and What It Signals for NJ Housing
New York City's recent rent freeze vote has sparked a critical debate about one of housing's deepest trade-offs: protecting tenants today versus preserving affordable housing tomorrow. On the surface, rent controls so...
2026-06-25
CBRE: New Jersey's $430M Film Incentive Could Triple Studio Space by 2028
We recently fielded an interesting project inquiry. A production company approached us directly about establishing a film and television production facility in New Jersey. This isn't casual conversation or early-stage...
2026-06-25
Griggstown Causeway Canal Bridge in Montgomery to Be Replaced, No Start Date Yet
The Griggstown Causeway canal bridge in Montgomery Township has been in the planning phase for years. Officials announced plans to replace the aging wooden structure with a single-span steel plate girder design, but n...