Monthly Archives: January 2018

NJ about to become more affordable

From the Record: Wall Street warns New Jersey home values could tumble 7.5 percent A pair of federal and state tax policy decisions could deliver a double whammy to New Jersey and its homeowners, a Wall Street credit-rating agency warned … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 80 Comments

Hackensack is hot?

From the NY Times: Hackensack, N.J.: Small, Ethnically Diverse and Affordable Hackensack, N.J., could not have been farther off the radar screen when Bibi Masara and her two teenagers began looking to move from the Bronx. Ms. Masara, 41, who … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 43 Comments

Nothing to see here…

From NJ101.5: NJ foreclosure rate tops the nation in 2017, report finds Nationwide, the seven counties with the worst foreclosure rates are right here in the Garden State. According to online real estate tracker ATTOM Data Solutions, New Jersey had … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 155 Comments

So what’s this all mean for fifteen?

From the Washington Post: Minimum wage, sick leave, ethics top Murphy’s agenda Democratic New Jersey Gov. Phil Murphy spent his first full day on the job Wednesday rallying for a $15 minimum wage and statewide paid sick leave, holding a … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 183 Comments

The death spiral continues

From the Star Ledger: Ex-N.J. attorney general.: How Murphy can make state more affordable It’s become a ritual of gubernatorial transition in New Jersey: the incoming governor expresses “shock” at the dismal state of New Jersey’s finances, thus setting up … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 107 Comments

Make NJ Cool Again

From the APP: Phil Murphy wants to spark NJ economy, but how? New Jersey’s economy looks far different than it did when the Great Recession struck a decade ago, but its long-standing problems are firmly in place, academic and business … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 87 Comments

NJ Democrats face existential crisis

From the Star Ledger: Democrats take control … of empty treasury | Moran After Gov. Chris Christie hands off to Phil Murphy in two days, liberals in New Jersey will be unleashed to do as they please, with unchecked power … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Unrest, Where's the Beef? | 59 Comments

Ummmm. This analysis didn’t yield what you thought it would.

From the Star Ledger: The 16 N.J. towns with the most single people Looking for love? New Jersey isn’t a bad place to visit. Just less than half of the population is married, according to Census data. About a third … Continue reading

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 33 Comments

In foreclosure … for 10 years

From Curbed: In 2017, NYC foreclosures reached its highest level since 2009 Foreclosures have been on the rise across New York City for a while now but in 2017, the number of cases hit its highest peak in eight years. … Continue reading

Posted in Foreclosures, Housing Bubble, NYC | 267 Comments

Pyrrhic victory?

From the Star Ledger: N.J. Legislature clears way for $5B in Amazon tax breaks The state Legislature on Monday embraced Gov. Chris Christie’s plan to offer Amazon $100,000 per job it creates should it build its sought-after second headquarters in … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 88 Comments

Parting shot or return to ugly reality?

From Pensions and Investments: Fiscal woes greeting N.J. governor New Jersey’s Republican state treasurer sharply reduced the New Jersey Pension Fund’s assumed rate of return, producing a financial and political dilemma for Gov.-elect Phil Murphy, a Democrat, who will be … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 109 Comments

Income inequality in NJ

From the Star Ledger: See how your town scores on income inequality There are multi-million dollar McMansions and blue-collar families just trying to make ends meet. Across New Jersey, the gap between the rich and the poor continues to get … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 64 Comments

Snow Day Jobs Day!

From Bloomberg: U.S. Added Fewer Jobs Than Expected in December U.S. payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a … Continue reading

Posted in Economics, Employment, National Real Estate | 182 Comments

37% of large metros now overvalued

From HousingWire: CoreLogic: Home prices jump 7% annually in November CoreLogic’s HPI showed home prices increased 7% from November 2016 to November 2017 and jumped 1% from October to November. But these home price increases are expected to slow into … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 167 Comments

Update on the most important town in NJ

From Patch: These Development Projects Could Transform Wayne In 2018 There are nine TEN development projects in the works that could change the township and continue to improve the local economy. In his annual State of the Township address, Mayor … Continue reading

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 132 Comments