Monthly Archives: March 2010

NJ foreclosures slow, but still hit a painful 14% YOY increase

Posted on March 12, 2010 by grim
Posted in Foreclosures, New Jersey Real Estate | 522 Comments

From the Star Ledger: N.J. foreclosure rate drops for second month in a row The number of New Jersey homeowners in various stages of the foreclosure process dropped for the second consecutive month in February, displaying a housing picture that … Continue reading →

“As bad as (we thought) the recession was, the final numbers indicate that it was worse”

Posted on March 11, 2010 by grim
Posted in Economics, New Jersey Real Estate | 380 Comments

From the APP: N.J. job losses hit 228,300; worst since ’90s New Jersey’s economy lost 114,100 jobs in 2009 and another 9,100 jobs in January 2010, the state reported Wednesday, offering evidence that the recession has been the most severe … Continue reading →

Exquisite Handcuffs

Posted on March 10, 2010 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 515 Comments

From Bloomberg: N.J.’s Christie Says Layoffs Out for Cutting Budget New Jersey Governor Chris Christie said he’s unable to lay off or furlough unionized state workers to help close an $11 billion budget gap. Christie, speaking at a town hall … Continue reading →

State Tax Caps Not Effective

Posted on March 9, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 487 Comments

From the Star Ledger: N.J. municipalities raise taxes despite state cap When New Jersey announced that property taxes went up by an average of 3.3. percent last year — the smallest increase in a decade of rapid growth — some … Continue reading →

More on the (still misguided, and even less affordable) NJ Homebuyer Credit

Posted on March 8, 2010 by grim
Posted in Economics, New Jersey Real Estate | 479 Comments

From the Record: Bill would create N.J. homebuyer tax credit In an effort to boost the state’s housing market, New Jersey legislators have introduced a bill that would give home buyers an income tax credit of up to $15,000, spread … Continue reading →

NJ Home Buyer Credit? Misguided legislation we just can’t afford.

Posted on March 5, 2010 by grim
Posted in New Jersey Real Estate, Property Taxes | 695 Comments

From the Star Ledger: N.J. legislation could create home buyer tax credit A state association of real estate agents is backing legislation that would create a New Jersey tax credit for home buyers, according to a release. The bill, which … Continue reading →

Fed: Housing markets appear to have softened in early 2010

Posted on March 4, 2010 by grim
Posted in Economics, New Jersey Real Estate | 437 Comments

From the Federal Reserve: The Beige Book – Second District — New York The Second District’s economy has shown some further signs of strengthening since the last report, despite some apparent slowing in the housing market; input price increases have … Continue reading →

Recession not so bad?

Posted on March 3, 2010 by grim
Posted in Economics, New Jersey Real Estate | 377 Comments

From NJBIZ: Experts: N.J. less hard-hit by recession, but projected for slower growth The Garden State has withstood the economic downturn better than other parts of the country, with less dramatic increases in unemployment and availability rates in commercial real … Continue reading →

Making sense of the foreclosure numbers

Posted on March 2, 2010 by grim
Posted in Economics, Foreclosures, New Jersey Real Estate | 485 Comments

From the NY Times: In New Jersey, No Consensus on Foreclosure Problem IN gauging the severity of the foreclosure problem in New Jersey, the experts could hardly be farther apart. Some see the state as relatively unscathed at this point, … Continue reading →