Monthly Archives: February 2018

Top? Anywhere? Anyone see a top?

From CNBC: Home prices surge 6.3% in December amid critical housing shortage Sky-high demand and record-low supply continued to push home prices higher in December, far faster than income growth. U.S. home prices increased 6.3 percent compared with December 2016, … Continue reading

Posted in Housing Bubble, Housing Recovery, National Real Estate | 103 Comments

NY jumps to the front?

From Inman: Home prices reach new peak, NY makes biggest gains According to the most recent Home Price Index (HPI) report from Black Knight, Inc., home prices in December increased .10 percent month-over-month and 6.6 percent year-over-year to $283,000 — … Continue reading

Posted in National Real Estate, NYC | 104 Comments

Keep Manhattan, just give me that countryside

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Fulop – From Darling to Demon

From the Jersey Journal: Jersey City residents protest tax reval: ‘You’re taking our homes away from us’ Dozens of Downtown residents protested outside City Hall today to call attention to exorbitant tax increases they could see as a result of … Continue reading

Posted in Economics, Gold Coast, Politics, Property Taxes | 25 Comments

If we learned anything during the last bubble, it’s that this is a sign of a bubble

From Builder Magazine: HOMES NEAR ENVIRONMENTAL HAZARDS SHOW STRONG PRICE APPRECIATION ATTOM Data Solutions today released its 2017 Environmental Hazards Housing Risk Index, which shows that median home prices in U.S. zip codes in the highest 20% for environmental hazard … Continue reading

Posted in Housing Bubble, National Real Estate | 133 Comments

No homes left to sell?

From CNBC: Tight supply, rising prices weigh on US home sales U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 156 Comments

Governor who?

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

At what point do we say “recovered” and at what point do we say “bubble”?

From CNBC: Home Prices Hit Records in Almost Two-Thirds of U.S. Cities Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings. Prices for single-family … Continue reading

Posted in Economics, National Real Estate | 121 Comments

Comp Killer – Saddle River Edition

From Variety: Mary J. Blige Faces Huge Loss on New Jersey Estate Mary J. Blige is riding a well-deserved professional crest with two Oscar nominations — one for supporting actress and one for original song, both for the acclaimed Netflix … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 60 Comments

Finally the end of cheap mortgages?

From CNBC: Here’s how a 5% mortgage rate would roil the US housing market Mortgage rates are now at their highest level in four years and poised to move even higher. The timing couldn’t be worse, as the usually busy … Continue reading

Posted in Economics, Mortgages, National Real Estate | 137 Comments

Looking good, Billy Ray! Feeling good, Louis!

From HousingWire: Americans gain confidence in housing as home prices rise Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices, according to the latest Home Purchase Sentiment Index from Fannie … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 61 Comments

Net net … nothing?

From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Politics | 211 Comments

Downtown JC going to pay up

From the Jersey Journal: 10 homes socked with huge tax hikes thanks to Jersey City reval Jersey City is conducting its first complete property revaluation since 1988 and the new assessments have started rolling in. Appraisal Systems, the company hired … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 74 Comments

“Homeownership has lost its allure”

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments