Monthly Archives: March 2015

Strong shore season in store for 2015

From the Press of Atlantic City: Beach rentals enjoying stronger season than 2014 It may seem a bit too early to worry about your plans for July and August, but it may be too late already to rent some local … Continue reading

Posted in Economics, Housing Recovery, Shore Real Estate | 113 Comments

Unicorns on Myspace will save the NJ housing market

From HousingWire: 4 reasons New Jersey housing is set to boom It is obvious that the Great Recovery has impacted regions in the U.S. unevenly. One local market has had more to deal with than others: the state of New … Continue reading

Posted in Humor | 81 Comments

COAH dead – but is there any alternative?

From NJ Spotlight: COAH IS HISTORY: STATE’S TOP COURT DECLARES TROUBLED AGENCY ‘MORIBUND’ Declaring New Jersey’s affordable housing process “nonfunctioning,” the state Supreme Court on Tuesday removed from the executive branch jurisdiction over low- and moderate-income housing and sent it … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 54 Comments

Investors have all gone

From HousingWire: CoreLogic: Cash sales drop to 35.5% of home sales Cash sales made up 35.5% of total home sales in December 2014, down from 38.5% in December 2013, marking the 24th consecutive month of declines, the latest report from … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 110 Comments

South Jersey Foreclosures

From the Press of Atlantic City: Sheriff’s sales struggle to unload foreclosed properties The amount of distressed real estate is expected to increase as unemployed workers who lost jobs in 2014 fall behind on mortgage payments — and as the … Continue reading

Posted in Foreclosures, Shore Real Estate, South Jersey Real Estate | 87 Comments

Maybe millennials will buy after all?

From the NYT: Millennials on the Homeownership Path Besieged by the recession and buried in student loan debt, the so-called millennials, born from the early ’80s through the late ’90s, have largely lacked the financial wherewithal to buy their own … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery | 3 Comments

It ain’t fair

I don’t know who Lawrence Uniglicht is, but he nailed it this morning. Posted in full, from the Daily Record’s Letters section: Feds owe New Jersey more than they’re paying Why is New Jersey jumping through hoops to balance its … Continue reading

Posted in Economics, Politics, Property Taxes, Unrest | 95 Comments

Housing recovery for the top?

From Bloomberg View: Income Inequality Hits the Housing Market There’s been plenty of talk recently about signs of recovery in the housing market. Rather than think about housing as a single market, it might be helpful to look at housing … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 87 Comments

It’s a privilege to pay NJ taxes

From the Record: Bergen’s property taxes among nation’s highest Bergen County homeowners had the fifth-highest average property tax bill in the nation, at $11,159, last year, according to a new survey by RealtyTrac, a California real estate information company. Passaic … Continue reading

Posted in New Jersey Real Estate, Property Taxes, Unrest | 90 Comments

Say it ain’t so!

From Quartz: Why you shouldn’t buy the worst house in the best neighborhood Some proverbs offer sage counsel. A bird in the hand is worth two in the bush. Cleanliness is next to godliness. Even a broken watch is right … Continue reading

Posted in National Real Estate | 51 Comments

Will the snow hold down sales?

From the Record: Winter weather puts a chill on home sales Avi and Leah Greengart want to sell their four-bedroom Teaneck house, but this winter’s frigid, icy weather hasn’t done them any favors. “There has not been a warm day … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 59 Comments

The Other New Jersey

From the Press of Atlantic City: Still dropping: Home prices struggle to recover from recession Robert Szostak is worried about how cheaply he must price his four-bedroom home in Middle Township before it sells. A few prospective buyers toured the … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, South Jersey Real Estate | 42 Comments