Monthly Archives: December 2017

Trump vs the Fed

From the NY Times: Fed Predicts Modest Economic Growth From Tax Cut The Federal Reserve, buoyed by a steadily strengthening economy, raised interest rates on Wednesday for a fifth time since the financial crisis and predicted that a proposed tax … Continue reading

Posted in Economics, National Real Estate, Politics | 27 Comments

NY Mortgages Worse Than NJ

From CoreLogic’s December Loan Performance Insights: NY has finally taken the overtaken NJ in mortgage delinquency stats, something I’ve been talking about for months. This is primarily being driven by distressed loan performance improving in NJ, and not delinquencies growing … Continue reading

Posted in Demographics, Economics, Mortgages, New Jersey Real Estate, Risky Lending | 75 Comments

Silly Valley

From the Star Ledger: Assembly speaker-elect: We can make N.J. the new Silicon Valley They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 102 Comments

On the bright side, it’ll be so affordable nobody will want to leave

From the Philly Inquirer: ‘It’s going to make it more expensive to live here’: Why N.J., Pa. might face housing blow under GOP tax bill Usually, Tom Bracken said, he would do cartwheels over a plan to cut corporate taxes. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Philly, Politics | 95 Comments

Where’s our pork?

From the NYT: On Tax Bill, It’s Trump vs. His Hometown When President Trump returned to his hometown on Saturday for a day of fund-raisers, his third and final check-collecting stop was the Park Avenue home of Stephen A. Schwarzman, … Continue reading

Posted in NYC, Politics | 93 Comments

Great time to buy a house … again

From Bloomberg: Housing Market’s Comeback Is Poised to Accelerate Housing was the epicenter of the last recession. From the peak in 2005 to the end of the contraction in mid-2009, U.S. residential investment declined at an unprecedented rate of about … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 82 Comments

Sorry about your home prices

From the NY Times: How New Yorkers Would Lose Under the Republican Tax Bill The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 262 Comments

MacArthur a hero for NJ, or not?

From the Washington Post: The GOP’s $10,000 cap on property tax deductions and how it affects one congressional district “According to data direct from the IRS, allowing property tax deductions up to $10,000 — which I fought for and won … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 142 Comments

Otteau Report November

From Otteau Group: MarketNEWS November Edition After home sales were basically unchanged during the month of September, New Jersey experienced a 9% increase in purchase contracts in October. Considering the 4% increase one year ago in October of 2016, home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 222 Comments