Monthly Archives: January 2018

Case Shiller up 6.4% yoy

From HousingWire:

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 77 Comments

Yeah yeah, be priced out forever, we’ve heard that before.

From Forbes: 2018’s Housing Market Looks Good Unless You’re A First-Time Millennial Buyer The nation’s housing market for 2018 continues to look good, according to two recently released reports. But first-time millennial buyers will continue to struggle with affordability, especially … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, National Real Estate | 112 Comments

So what’s in store for NJ?

From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Property Taxes | 90 Comments

Taxing to fix the tax problem

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 156 Comments

Wrong way people

From Newsweek: WHY ARE PEOPLE LEAVING CITIES? U.S. MAYORS BLAME HOUSING COSTS Mayors across the United States say that housing costs are the biggest reason that people are moving away from cities, according to a new survey released Tuesday. According … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate, New Development | 58 Comments

Looks like we got a loophole

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 87 Comments

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