Prohibits certain entities from acquiring single family home within first 60 days on market.

This bill prohibits certain large investment entities from buying single-family homes during the first 60 days they are listed for sale. The law defines these restricted entities as those that pool capital to invest in real estate, such as private equity firms and venture capital investors, while excluding individual buyers and employees. By imposing this waiting period, the legislation aims to prevent institutional investors from quickly removing homes from the market and competing with regular buyers. The measure directly affects real estate investors and the individuals trying to purchase homes in New Jersey.