Monthly Archives: January 2018

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

Loopholes and tax cuts

From the NYT: Democrats in High-Tax States Plot to Blunt Impact of New Tax Law Democrats in high-cost, high-tax states are plotting ways to do what their states’ representatives in Congress could not: blunt the impact of the newly passed … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 120 Comments