Monthly Archives: January 2019

NJ nears $15

From the Star Ledger: N.J. minimum wage to rise to $15 an hour as Murphy, top Dems strike deal New Jersey’s Democratic governor and lawmakers have reached a highly anticipated agreement to raise New Jersey’s minimum wage to $15 an … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 5 Comments

Need to raise the taxes

From the Star Ledger: N.J.’s tax revenues are falling short of Murphy administration target Midway through the fiscal year, New Jersey’s income tax collections have fallen off track, Gov. Phil Murphy’s administration reported on Monday. Revenues for the fiscal year … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments

And now we rent

From Forbes: Renting Is More Affordable Than Buying In Most Major Housing Markets Despite national rents clocking in at well over $1,400, in most of America’s largest housing markets renting is still more affordable than buying. A new analysis from … Continue reading

Posted in Economics, National Real Estate | 147 Comments

Keep Manhattan, just give me that countryside

From Forbes: People First, Jobs Follow: Cause And Effect In Real Estate And Its Impact On Affordability Earlier this year, the U.S. Census Bureau shared its latest data concerning suburban population demographics from 2016 to 2017, revealing a trend that … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 48 Comments

Don’t believe the hype?

From MarketWatch: Why the housing and mortgage crisis is far from over With major data providers reporting that mortgage delinquencies continue to decline, Wall Street and the pundits are more convinced than ever that the mortgage crisis is dead and … Continue reading

Posted in Foreclosures, National Real Estate, NYC | 64 Comments

Maybe the infrastructure isn’t all junk?

From the Star Ledger: Andrew Cuomo shows Phil Murphy the light at the end of the tunnel Our governor was off on an African safari for the holidays. Meanwhile New York Gov. Andrew Cuomo was doing some pretty impressive legwork … Continue reading

Posted in NYC, Politics, Unrest | 48 Comments

Prices up, Rate up, Mortgages up

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 120 Comments

Maybe they’ll just stay in Manhattan?

From Bloomberg: Manhattan home prices fall under $1 million as sellers cut deals Manhattan home prices fell in the fourth quarter, with the median slipping to less than $1 million for the first time in three years. Ample inventory continued … Continue reading

Posted in Demographics, Economics, NYC, Price Reduced | 104 Comments

The $150k Club

From the Census ACS Community Survey released a few weeks ago. Town – Median Household Income: Millburn, Essex County $202,862 Essex Fells, Essex County $200,875 Glen Ridge, Essex County $196,821 North Caldwell, Essex County $187,470 Mendham Township, Morris County $185,882 … Continue reading

Posted in Economics, New Jersey Real Estate | 69 Comments

Housing to get more expensive in 2019

From HousingWire: CoreLogic: Home prices will rise in 2019 In 2018, the principal-and-interest mortgage payment on the median-priced home climbed by more than 16%, according to the latest data from CoreLogic. CoreLogic reports that although the median home price rose … Continue reading

Posted in Economics, Mortgages, National Real Estate | 65 Comments