Monthly Archives: April 2015

Most expensive dirt in the country

From the Star Ledger: Look down, N.J., the land you live on is the most valuable in America, study finds New Jersey’s land is worth more per acre than any other state, according to a report, and the state’s overall … Continue reading

Posted in Economics, New Jersey Real Estate | 133 Comments

Shut up and pay me…

From the Star Ledger: 7 of the 10 counties in America with the highest property taxes are in N.J., study says It’s no secret that New Jersey homeowners are hit with some of the highest property taxes in the nation. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 76 Comments

March Case Shiller

From the WSJ: Case-Shiller Home Price Index Climbs Modestly in February Home prices continued to rise modestly in February, according to a report released on Tuesday, a continued upward push in home values which underscores concerns that buyers’ incomes aren’t … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 115 Comments

What would have been worse – stalling or foreclosing?

From the Philly Inquirer: New Jersey still caught in foreclosure nightmare The foreclosure nightmare that haunted U.S. homeowners during and after the Great Recession has loosened its grip considerably in most states. In New Jersey, the bad dream just gets … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 41 Comments

Embrace the Millennial

Great read from the APP: Why New Jersey needs millennials Conversation and laughter blend with the beat of the music permeating the stylish bar that is intimately lit with votive candles and glass fixtures. Jennifer Keleman, 28, and her fiancee, … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 33 Comments

Makes too much sense, what am I missing?

From Housingwire: Radian now offering an industry first – job loss insurance Radian Guaranty, the mortgage insurance subsidiary of Radian Group (RDN), is offering a new program that’s the first of its kind in the industry – job loss insurance. … Continue reading

Posted in Economics, Employment, Mortgages | 98 Comments

March Sales Hit 18 Month High

From the Record: Jobs recovery boosts demand for homes Fueled by a stronger job market, housing sales activity is picking up steam, with existing home sales up 6.1 percent nationwide in March, the National Association of Realtors said Wednesday. A … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 85 Comments

Foreclosure starts spike in February?

From HousingWire: Black Knight: March foreclosure starts skyrocket 18% from February The March delinquency rate dropped 12% month-over-month, the largest monthly decline in nine years, but at the same time foreclosure starts skyrocketed 18% in March, according to the Black … Continue reading

Posted in Foreclosures, Housing Recovery, National Real Estate | 82 Comments

It won’t ever sell…

From the Star Ledger: Bank foreclosing on Joe, Teresa Giudice’s Montville mansion The same day the new real estate agent for “Real Housewives of New Jersey” star Teresa Giudice vowed to aggressively market their enormous Montville Township mansion, the bank … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 103 Comments

Doesn’t make it any easier to swallow

From Time/Money: 8 Reasons Your Property Taxes Are So Damn High A Monmouth University survey released last fall showed that more than half of New Jersey residents want to leave at some point, with 26% saying that it’s “very likely” … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 144 Comments

First American: No equity, no sales

From HousingWire: Lack of equity drags down existing home sales The existing home sales report for March from the National Association of Realtors isn’t due until next week, but Mark Fleming, chief economist for First American, said his early look … Continue reading

Posted in Economics, Housing Recovery | 21 Comments

How to win a bidding war? – 9 tips from a f*cking idiot

From Housingwire: How to win a bidding war in today’s outrageous housing market 1. Offer Full Price or More. Money is a major factor in a seller’s decision, but not the only one. Holy shit – what are we paying … Continue reading

Posted in Humor | 47 Comments

Gold Coast rises again?

From the Jersey Journal: Jersey City sees building boom Jersey City is about to get a lot more crowded. The city is expecting nearly 3,000 residential units to come online before the end of the year, while developers are expected … Continue reading

Posted in Housing Recovery, New Development, New Jersey Real Estate | 85 Comments

Buy or rent, can’t win either way right now

From the Record: Why your rent will rise again this year Living in an apartment? Expect your rent to go up again. Renting has gotten increasingly expensive in the past five years. The average U.S. rent has climbed 14 percent … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 107 Comments

Peak Brooklyn?

From Bloomberg: Brooklyn Home Prices Jump 18% to Record as Buyers Compete Home prices in Brooklyn jumped to a record in the first quarter as buyers clamoring to own real estate in New York’s most populous borough competed for the … Continue reading

Posted in Demographics, Economics, NYC | 181 Comments