Monthly Archives: September 2015

Hey NYC – Come to Jersey!

From the NYT: Buying a Second Home First Some New York City renters are skipping the typical first rung on the urban homeownership ladder: Instead of investing in an apartment, they are buying a country house. Disappointed by what their … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 27 Comments

Bubble? Already?

From CNN: Rising home prices aren’t all good news Nationwide, the median home price increased 8.2% to $229,400 in the second quarter compared to 2014, according to the National Association of Realtors. First, the good news: Higher prices increase home … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 60 Comments

Flipping Revel?

From the Star Ledger: Revel owner trying to flip closed casino to new buyer, power company says The power company engaged in a prolonged legal battle over energy costs at the former Revel casino claims in a recent court filing … Continue reading

Posted in New Development, South Jersey Real Estate, Unrest | 139 Comments

Wells Fargo just doing their job? Or crossing a line?

From ThinkProgress: Why A Bank Was Allowed To Plunder Family Heirlooms That Escaped The Nazis When Adier died at 82, he was downstairs in the Morristown, New Jersey home where he and his late wife Rita raised their two adopted … Continue reading

Posted in New Jersey Real Estate | 75 Comments

Can we still make things here?

From the Record: NJ manufacturing employment gains suggests end of job losses A surge in New Jersey’s manufacturing employment over the last year has raised the possibility that the more than 40-year decline of the sector has bottomed out. The … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 44 Comments

Which way is up? A new home price index.

From Bloomberg: Almost Half of Homes in New York and D.C. Are Now Losing Value Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 59 Comments

September Beige Book

From the Federal Reserve: Beige Book – September 2, 2015 – Second District–New York The Second District’s economy has continued to grow at a modest pace since the last report. Businesses generally report that selling prices remain stable; while input … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 61 Comments

30% of the US at peak home price (but not NJ)

From HousingWire: CoreLogic: Home prices rose 6.9% in July 2015 Home prices nationwide, including distressed sales, increased by 6.9% in July 2015 compared with July 2014, according to CoreLogic. On a month-over-month basis, home prices nationwide, including distressed sales, increased … Continue reading

Posted in Housing Recovery, National Real Estate | 84 Comments

Welcome Home!

From the Real Deal: The Chinese are about to flood the US real estate market The chaos of the past few weeks is likely to lead to an acceleration in the rate of real-estate purchases by wealthy Chinese buyers in … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 75 Comments