Monthly Archives: November 2017

One step closer

From CNBC: Senate GOP clears another hurdle on the way to tax reform vote The Senate moved Wednesday to start debate on the Republican tax bill, a key step toward a vote this week to dramatically change the American tax … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 100 Comments

So what happens to New Jersey?

From ROI NJ: Murphy’s plans, GOP’s ideas could hasten migration from N.J. While raising the minimum wage and increasing the millionaires tax are two goals for Gov.-elect Phil Murphy, two Republican tax bills currently making their way through the federal … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 72 Comments

Case Shiller Day

From HousingWire: Case Shiller: Home prices rise at fastest pace since 2014 Home prices increased in September at their fastest pace in more than three years, according to the latest S&P CoreLogic Case-Shiller Indices released by S&P Dow Jones and … Continue reading

Posted in Economics, National Real Estate | 83 Comments

Homeownership to rise?

From the Washington Examiner: White House analysis: Tax bill will slightly decrease home prices, but boost homeownership The tax legislation working its way through Congress would only slightly lower home values and could boost homeownership, according to a new analysis … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

If not the Millionaires, then who? (Hint, You.)

From the Star Ledger: N.J.’s millionaires’ tax hike is losing support By now, anyone paying attention can see that Republicans in Washington are out to screw New Jersey. We would pay higher taxes under their plan, even though we already … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 25 Comments

Still truckin’

From CNBC: US existing home sales increase more than expected U.S. home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of some first-time buyers … Continue reading

Posted in Housing Recovery, National Real Estate | 24 Comments

Light Reading for Thanksgiving Morning

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

Why fight it? Go with the flow.

From the Record: Minimum wage for Bergen County workers is now $15 an hour Bergen County Executive Jim Tedesco gave thanks for county workers on Tuesday when he signed an executive order that raises the minimum wage for full-time employees … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 85 Comments

$15 in 3 years?

From the Star Ledger: What Murphy just said about N.J. minimum wage hike, millionaire’s tax In their first public appearance together, Gov.-elect Phil Murphy and his fellow Democrats who lead the New Jersey Legislature promised Monday to gradually hike the … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 88 Comments

Upper middle class not paying their fair share?

From Bloomberg: Should the Upper Middle Class Take the Biggest Tax Hit? Humans learn the concept of fairness at a very young age. After all, it doesn’t take long for a child to start whining about a sibling who gets … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics | 116 Comments

New life into old suburbs?

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments

House Bill Passes, 1 NJ Republican Signs

From the Star Ledger: ‘Open season on N.J.’: With Trump backing, House GOP votes to cut your property tax break With the help of one New Jersey Republican, the U.S. House on Thursday passed sweeping tax legislation that would end … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

Look on the bright side, maybe we can afford to go to the beach again

From the Star Ledger: Ivanka in Bayville: Tax reform will be the law of unintended consequences During his brief speech, Treasury Secretary Mnuchin said that there will be winners and losers in New Jersey under the tax-reform plans. “For people … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics | 236 Comments

Senate’s handling of MID a head scratcher

From HousingWire: Housing industry gives mixed response to Senate tax reform bill One of the biggest changes from the House tax reform bill is that the Senate’s version would leave the mortgage interest deduction intact at its current cap of … Continue reading

Posted in Economics, Mortgages, National Real Estate, Property Taxes | 67 Comments

That time of year again

From The Street: Top Predictions for U.S. Home Prices In 2018 Danni Springfield, a real estate agent at The Springfield Group in San Antonio, Tx. – Even relatively steady markets are seeing impressive growth in the housing market, Springfield says. … Continue reading

Posted in Demographics, Economics, National Real Estate | 23 Comments