Monthly Archives: July 2018

Buy ’em out, tear ’em down.

From the Star Ledger: These N.J. properties flood over and over again, costing taxpayers like you millions More than 3,300 homes and business in New Jersey have been repeatedly flooded and rebuilt at taxpayer expense — some as many as … Continue reading

Posted in Economics, National Real Estate | 100 Comments

Blue states throw Republican strategy right back in their face

From Above the Law: States Are Suing For Their SALT Deductions Back Under The 16th Amendment The Republican tax bill famously capped the deductions for state and local taxes (SALT) at $10,000 for the purposes of federally taxed income. The … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 88 Comments

76% of CPA’s say the new budget is bad

From Accounting Today: New Jersey CPAs criticize state budget More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 126 Comments

Will we ever get through the backlog?

From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 100 Comments

Here comes the bubble? Or still too early?

From CNBC: The housing shortage may be turning, warning of a price bubble The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery, National Real Estate | 27 Comments

No exodus?

From The Real Deal: No exodus from California despite pressure from new fed tax plan: real estate pros While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 86 Comments

Why millennials aren’t buying

From HousingWire: Here are 5 reasons the Millennial homeownership rate is low For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as … Continue reading

Posted in Demographics, Economics, National Real Estate | 68 Comments

What’s going on in Brick?

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

Rents pushing new highs nationally

From HousingWire: Rent just jumped to an all-time high We’ve known that the rent may be too damn high for quite a while now, but a new report shows that rent has never been this high before. Newly released data … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 92 Comments

Time to consolidate NJ

From the Star Ledger: I was the last mayor of Princeton Township: Consolidation works and we need to stop being afraid of it Consolidation of New Jersey municipalities — especially as it relates to school districts – can result in … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 56 Comments

Haven’t yet returned to bubble pricing

From the Star Ledger, hat tip Yo: Only these 2 N.J. towns have fully recovered since the housing crash It’s been more than a decade since housing prices in New Jersey began a seven-year slide highlighted by the Great Recession. … Continue reading

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 23 Comments

All eyes on jobs today

From CNBC: Hiring seen strong in June with plenty of jobs for grads Employers may be having a hard time finding workers, but recent graduates and students may be helping fill the ranks this summer and that trend could have … Continue reading

Posted in Demographics, Economics, Employment | 134 Comments

It’s a great time to stay put

From CNBC: Home prices make the biggest jump in four years It is a seller’s market, undeniably. The supply of homes for sale is low, demand is high, and now prices are heating up even more. But sellers today see … Continue reading

Posted in Demographics, Economics, Housing Recovery, Mortgages, National Real Estate | 95 Comments

New Jersey has a serious problem

From the Star Ledger: Why paychecks in N.J. aren’t growing as fast as the rest of the U.S. New Jersey hit near rock bottom in wage growth last year as compared to the rest of the country, according to new … Continue reading

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

So what’s this mean for Jersey?

From Bloomberg: Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on … Continue reading

Posted in Comp Killer, Economics, New Jersey Real Estate, NYC | 78 Comments