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Inventory will continue to be an issue, but experts predict that the housing market will not as heavily favor sellers.

NorthJersey.com On the hunt for six months in North Jersey's sizzling housing market, Samantha and Christian DeFalco lost three homes in bidding wars. To be competitive, the Nutley couple knew they had to stand out.  Working with real estate agent Wilfredo Alfaro, they recently bid $40,000 over the $600,000 list price for a nearly half-century-old home in Fairfield. And they took another gamble: They waived the right to inspect the property for all but "major" structural and environmental concerns, such as the foundation and heating. It worked. The DeFalcos just closed on the split-level ho...

NorthJersey.com As empty-nesters, Dan and Susan Russo had contemplated selling their 1920s Tudor-style home in Ho-Ho-Kus for more than a year. Seeing the spike in demand for homes this spring, the Russos decided to list their three-bedroom home on the market this month at $999,000. "With low inventory, I thought it was a good time," said Dan Russo, 56, who works as an attorney.  Inventories are at all-time lows, but the situation may be changing. Because of the pandemic, more people were seeking to move to the suburbs for larger space working from home, and that created a demand for homes in...

NorthJersey.com When Eithan and Zoey Rosenfeld needed more space to work from home, they left their cramped Manhattan one-bedroom behind and set their sights across the Hudson.  The couple wanted a bigger apartment, but also other amenities: outdoor space, work areas, perhaps even a dog park should they decide to adopt a pooch. In Teaneck, where Eithan grew up, they discovered One500, a luxury "lifestyle development" that seems tailor-made for a new shelter-at-home reality.  For $3,300 a month, the Rosenfelds got two bedrooms and a den, along with a state-of-the-art fitness center, a la...