Monthly Archives: March 2018

NJ 2017 Flip Rate – 6%

From NJ1015: WHY NJ HAS BECOME A HOT SPOT FOR FLIPPING HOUSES Flipped homes represented more than 6 percent of all New Jersey home sales in 2017. More than 7,500 one-family properties that exchanged hands last year already had a … Continue reading

Posted in New Development, New Jersey Real Estate | 130 Comments

Now *THIS* is a useful list

From the Star Ledger: N.J. has too many damn towns. Here are 25 that need to go. It’s almost spring cleaning season, fellow New Jerseyans, and it’s time we broached a familiar and heretofore unresolved issue in this crazy state: … Continue reading

Posted in Humor, New Jersey Real Estate | 116 Comments

Low taxes, but not really.

For most of these towns, there are some pretty sizable factors that keep taxes low, but are largely irrelevant for the rest of NJ. From the Star Ledger: Here are the 30 N.J. towns with the lowest property taxes Last … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 42 Comments

So they aren’t moochers?

From the APP: Don’t blame NJ’s high taxes on ‘Moocher states’: Malanga Last year’s federal tax reform act has prompted a lot of hand wringing and hyperbolic language from New Jersey officials over the loss of the state and local … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 37 Comments

I say flip it, flip it good

From Bloomberg: Home Flippers Pile Into the U.S. Market, Scoring Higher Profits Property investors were bullish on the U.S. housing market in 2017, flipping more homes than in any year since 2006, when the real estate bubble that helped upend … Continue reading

Posted in Economics, Housing Bubble, National Real Estate | 137 Comments

NJ fights back on business taxes, then taxes business

From the Star Ledger: We’ve got sure-fire plan to save small businesses from Trump tax law, N.J. lawmakers say New Jersey lawmakers who are already offering up a scheme to save homeowners the state and property tax deduction gutted by … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 96 Comments

And they think this charitable contribution scheme has a chance?

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 84 Comments

Will transition to rentership put ownership even further out of reach?

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 92 Comments

Who is to blame?

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

Recovered or back to a bubble?

From HousingWire: CoreLogic: Housing market nearly recovered from recession CoreLogic, a global property information, analytics and data-enabled solutions provider, released a report outlining the real estate economy from 2006 to 2017, showing that the housing market has nearly completely recovered … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 105 Comments

Will it work?

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments