Monthly Archives: October 2015

Philly not worth it?

From CBS: Report: Philadelphia Among Top 10 Most Overvalued Housing Markets In U.S. Looking to buy a home in Philadelphia? According to a new report, it is one of the top 10 most overvalued housing markets in America. The report … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 152 Comments

Sword of Damocles

Nothing but fantastic journalism from the APP, kudos to Paul D’Ambrosio – This is fantastic… WE CAN’T AFFORD NEW JERSEY New Jersey’s regressive property tax system has long drained the wallets of workers and retirees. As the experience of the … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 82 Comments

Maybe a little NYC magic will rub off on us?

From the NYT: Manhattan Apartment Prices Near Million-Dollar Mark, Reports Say A million dollars doesn’t buy what it used to in Manhattan. A combination of high demand and too few listings pushed the median sales price for a Manhattan apartment … Continue reading

Posted in Economics, Housing Recovery, NYC | 40 Comments

Going out in style!

From the NY Post: Couple’s ‘last hurrah’ bash at foreclosed Hamptons house A couple that has lived at a multimillion-dollar East Hampton mansion since it was foreclosed on in May 2014 were finally given the boot on Thursday — but … Continue reading

Posted in Foreclosures, Humor | 86 Comments

New Jersey’s Zombies

From HousingWire: Zombie foreclosures down 43% in third quarter from last year Precisely 20,050 U.S. residential properties in the foreclosure process — but not yet repossessed by the foreclosing lender — were vacant “zombie” homes as of the end of … Continue reading

Posted in Economics, Foreclosures, Housing Recovery | 59 Comments

Home price gains moderating (maybe)

From HousingWire: CoreLogic: Home prices rose 6.9% annually in August Home prices are up both year over year and month over month for August, according to CoreLogic (CLGX). According to the CoreLogic HPI, home prices nationwide, including distressed sales, increased … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 102 Comments

Cash-out in style again

From HousingWire: Black Knight: Cash-out refis up 68% since 2Q 2014 Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to Black Knight … Continue reading

Posted in Housing Recovery, Mortgages, National Real Estate | 109 Comments

West Milford among the worst?

From the Record: Popular magazine ranks West Milford among state’s worst places to live According to a prominent monthly magazine, West Milford Township is among the worst places in the state to live. West Milford Mayor Bettina Bieri is not … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 82 Comments

Manufacturing not dead in NJ

From NJBIZ: Report offers optimistic take on N.J.’s manufacturing industry Contrary to public opinion and personal anecdotes regarding the New Jersey manufacturing hub of yesteryear, the manufacturing industry continues to play a vital role on the state’s economy, according to … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 81 Comments

HuffPo stands up for Jersey

From the Huffington Post: Strange Yet Interesting Facts About New Jersey New Jersey gets a bad rap. Sometimes referred to as “the armpit of America” by residents of other states, the peninsula is actually a pretty unique place that has … Continue reading

Posted in Humor | 107 Comments

Personal Income Increasing in NJ

From the Star Ledger: Personal income in N.J. grew in second quarter of 2015 Personal incomes in New Jersey grew at a slightly faster pace than the nation in the second quarter of 2015 but lagged behind one of its … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments