Monthly Archives: February 2015

Foreclosures drop – But not so much in Jersey

From HousingWire: CoreLogic: Foreclosures down 13.7% year-over-year There were 39,000 completed foreclosures nationwide in December 2014, a drop from 46,000 last year, marking a year-over-year decline of 13.7% and a fall of 66% from the pear of completed foreclosures in … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 113 Comments

NJ homes to get even more expensive

From the Star Ledger: Legislation to require sprinklers in new N.J. homes on fast track after Edgewater fire A bill that would require most new single and two-family homes built in New Jersey to be equipped with sprinkler systems is … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 79 Comments

Why is anyone surprised?

From the LA Times: Inaccurate Zillow ‘Zestimates’ a source of conflict over home prices WWhen “CBS This Morning” co-host Norah O’Donnell asked the chief executive of Zillow recently about the accuracy of the website’s automated property value estimates — known … Continue reading

Posted in Economics, Humor, National Real Estate | 99 Comments

NYC – Where criminals store their wealth?

From the NYT: Stream of Foreign Wealth Flows to Elite New York Real Estate On the 74th floor of the Time Warner Center, Condominium 74B was purchased in 2010 for $15.65 million by a secretive entity called 25CC ST74B L.L.C. … Continue reading

Posted in Economics, NYC, Politics, Unrest | 42 Comments

The zombies are back

From CNN Money: Where zombie foreclosures are making a comeback Vacated by the homeowner and left unattended, zombie foreclosures are still plaguing many housing markets. Nearly one in four homes in foreclosure at the end of January were already abandoned … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 93 Comments

Up, but just barely

From the Star Ledger: Home prices rose in N.J. in 2014, still a long ways off peak Single-family homes in New Jersey sold for more at the end of last year than they did in 2013. There’s still a long … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 109 Comments

Death and Taxes

From the Star Ledger: N.J. property taxes top $8,000 per home after rising 2.2 percent last year New Jersey’s sky-high property taxes rose to new heights last year, from an average $7,988 in 2013 to $8,161 in 2014, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 153 Comments

High closing costs really a surprise?

From the Record: Bergen County home closing costs top $10,000 Buying a home in North Jersey is expensive, and we’re not just talking about the purchase price. Closing costs top $10,000 in Bergen County – the highest in the state … Continue reading

Posted in New Jersey Real Estate | 61 Comments

Which NJ is this?

From NJ 101.5: Help wanted: Highly-skilled workers are in short supply The improving U.S. economy brings with it a growing demand for workers with highly specialized skills — skills that many companies are finding to be in short supply. “Today, … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 78 Comments