Monthly Archives: December 2010

Time to fix Farmland Assessment

From the Courier Post: ‘Fake farmers’ avoid paying $82M in taxes Spotty enforcement and an outdated state law allow thousands of landowners to pay pennies on the dollar in property taxes. The Farmland Assessment Act of 1964, intended to preserve … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 250 Comments

Property Tax Triptych

From the Daily Record: When home prices fall, why don’t taxes? A sharp and continued decline in the value of taxable property in Morris County has sent municipal official scrambling to push back the growing number of tax appeals that … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 208 Comments

No recovery until 2014/2015

From Reuters (hat tip Juice): At least 3 more years of housing troubles seen The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 162 Comments

Can they bring the jobs back?

From Bloomberg: New Jersey lawmakers focusing on jobs, economy New Jersey lawmakers will soon focus their attention on legislation aimed at creating jobs and keeping businesses from leaving the state. Budget committees in both the Senate and the Assembly will … Continue reading

Posted in Economics, New Jersey Real Estate | 117 Comments

‘Tis the season for vultures?

From the NY Times: For Home Buyers, a Season for Deep Discounts LOOKING for a deal in a down market? As winter sets in, the fruits of desperation — foreclosure sales, short sales, auction sales and deep discounts — are … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 87 Comments

October Pending Home Sales Explode! (Or Not!)

From Bloomberg: Pending Sales of Existing Homes in U.S. Increased a Record 10% in October Pending sales of U.S. existing houses unexpectedly jumped by a record 10 percent in October, indicating the industry at the center of the last recession … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 197 Comments

December Beige Book

From the Federal Reserve: December Beige Book (Summary of current economic conditions) – Second District–New York Construction and Real Estate Housing markets across the District have been steady to softer since the last report, with some of the ongoing weakness … Continue reading

Posted in Economics, New Jersey Real Estate | 197 Comments

Brother Customer can you spare a dime?

Was doing some shopping last night, and came across the following sign taped to a cash register at a local small business. Are we really so sure the recession is over? Coincidentally… From the AP via the Cherry Hill Courier … Continue reading

Posted in Economics | 166 Comments