Monthly Archives: February 2016

Local home price gains still lag the nation

From the Record: North Jersey home prices rise 2% Single-family home prices in the New York metropolitan area ticked up 2 percent in the fourth quarter of 2015, to a median $464,600, the National Association of Realtors reported Wednesday. Nationally, … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, NYC | 140 Comments

Foreclosures lowest in nearly 10 years

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2006 In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed … Continue reading

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 83 Comments

No Suburb Left Behind

From the WSJ, hat tip Chi: Casualty of Cities’ Resurgence: The Suburban Offices Left Behind Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt. … Continue reading

Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 147 Comments

Exodus

From MyCentralJersey: Outta here! Garden State residents look to retire in greener pastures Have you noticed more moving trucks on your block recently? Well, here’s why. The recent National Movers Study released by United Van Lines pointed to New Jersey … Continue reading

Posted in Demographics, Economics, Politics, Property Taxes | 89 Comments

Up Up and Away!

From the Star Ledger: Here’s how much property taxes went up (again) in N.J. last year The already steep property tax bill for New Jersey residents jumped again in 2015, topping $8,300 for the first time and increasing at the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 30 Comments

Another step towards normalcy? Cash buyers declining

From HousingWire: Share of cash sales fell in October to 34% Cash sales accounted for 33.9% of total home sales in the month of October 2015, according to CoreLogic, compared to 36.4% in October 2014. Cash sales increased by 1.4% … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 88 Comments

NJ has a bigger lead problem than Flint

From the Star Ledger: Why 11 N.J. cities have more lead-affected kids than Flint, Michigan Eleven cities in New Jersey, and two counties, have a higher proportion of young children with dangerous lead levels than Flint, Mich., does, according to … Continue reading

Posted in New Jersey Real Estate | 222 Comments

Home prices keep moving upwards

From HousingWire: CoreLogic: Home prices maintain pace, increase 6.3% Home prices nationwide, including distressed sales, posted similar results to last month, increasing year-over-year by 6.3% in December 2015 compared with December 2014, according to the most recent report from housing … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 71 Comments

Central Jersey prices up, inventory down – but still far from peak

From MyCentralJersey: Central Jersey home sale values rising: Is it enough? (click for tables) The good news is that home sale prices improved last year in more than half of Central Jersey municipalities. The bad news is that home values … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 106 Comments