/PRNewswire/ The Manasquan Bank Charitable Foundation is pleased to announce the appointment of Andy Sisti as a Foundation Trustee. The appointment comes as.
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At first the coronavirus pandemic slowed New Jersey’s real estate market, but a huge rebound followed, even as many other industries struggled.
“It’s COVID-19, that’s probably one of the main reasons,” said Robert White, a Monmouth County realtor who noted buyers fleeing New York City have driven demand in his region.
The surge in home sales means a boost for New Jersey’s bottom line since it generates more revenue from a tax on real-estate transactions.
And real estate is not the only industry seeing a rise in sales during the pandemic and with it a corresponding lift in state revenues.