Monthly Archives: January 2016

Limited supply the biggest hurdle for 2016 market

From Prudential Fox and Roach: Low inventory fuels real estate market Buyers and sellers in the New Jersey-Pennsylvania region will enter a highly competitive housing market in 2016 as the economy continues to get stronger, according to a survey of … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 54 Comments

December Pending Home Sales Disappoint (except the NE)

From CNBC: Pending home sales rise just 0.1% in December A lack of homes for sale is keeping potential buyers at bay. Signed contracts to buy existing homes rose just 0.1 percent in December from a downwardly revised November reading, … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 52 Comments

Blue skies ahead for NJ?

From NJBIZ: NJBIA says 2015 jobs data ‘good news’ for N.J. economy The New Jersey Business & Industry Association said last week’s report from the state Department of Labor and Workforce Development indicating that New Jersey added approximately 64,500 private-sector … Continue reading

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 84 Comments

State seizes AC to stall bankruptcy

From the Record: State plans to take reins of Atlantic City After years of trying to ignite an economic revival in Atlantic City — only to see four of its 12 casinos close in 2014 — Governor Christie was back … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 117 Comments

NY home prices hit new peak in November

From HousingWire: Black Knight: Home prices maintain trend, move higher Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over- year basis, the November Black Knight home price report found. As a result, national … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 196 Comments

Existing home sales rocket upwards in December, no inventory

From the WSJ: U.S. Existing-Home Sales Rebound in December The U.S. housing market entered 2016 after a year of strong sales, rising prices and dwindling inventories, factors supporting the economy but also likely to cap future gains for the sector. … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 119 Comments

NJ UE dips to 5.1%

From the Record: N.J. added 13,300 jobs in December, for 65,200 in 2015 New Jersey’s unemployment rate in December fell to its lowest level since six months into the recession, as New Jersey added 13,300 jobs for an annual total … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 121 Comments

Huh?

Posted in Humor | 114 Comments

NJ economy improves, fewer bankruptcies

From the Record: NJ bankruptcies fall in 2015, as economy improves Consumer bankruptcies in New Jersey fell 6 percent last year, bringing the figure to about the same as in the first year of the recession and offering another sign … Continue reading

Posted in Demographics, Economics, Foreclosures, National Real Estate | 73 Comments

Year of the Household

From DSNews: New York Fed: Expect a Boost in Household Formation in 2016 Speaking on the country’s economic outlook and monetary policy at the Economic Leadership Forum in Somerset, New Jersey, Federal Reserve Bank of New York President Bill Dudley … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 73 Comments

Couple of rich people don’t a market make

From the Record: Multimillion-dollar home sales on the rise in North Jersey In a sign that wealthy households may be spending more freely, a dozen houses sold for more than $4 million in Bergen County in 2015 — up from … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 40 Comments

Not NY, but we’ll take it personally too

From the Star Ledger: Hey Ted Cruz: We’ve got your New York values, right here Ted Cruz rarely comes to New York, other than those occasional visits to Goldman Sachs, where this man of virtue drops his hat on the … Continue reading

Posted in Politics, Unrest | 29 Comments

Tough times ahead?

From Bloomberg View: Connecticut and New Jersey: Rich States, Poor Economies It’s been a tough week for Connecticut, which just learned that it is losing its most prominent corporate citizen to Massachusetts. But that’s nothing new. It has also been … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 77 Comments

No more patience as AC fails to deliver

From Bloomberg: New Jersey May Seize Atlantic City as Rebound Eludes Casinos After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 94 Comments

National foreclosures continue to decline, NJ still standout at the top

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2007 The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. CoreLogic, a global property … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 64 Comments