Monthly Archives: March 2019

A new tax for property owners

From the Star Ledger: The controversial ’rain tax’ bill designed for N.J. flood defense has been signed into law  Local authorities in New Jersey now have a new tool to manage stormwaters and flooding. Gov. Phil Murphy on Monday signed into law … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 81 Comments

NJ a bit more unequal

From the Star Ledger: The gap between rich and poor in N.J. keeps getting bigger. See how bad it is in your town. New Jersey is becoming a more unequal place to live. Over the past five years, the gap … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 89 Comments

Blame it on the parents

From CNBC: Here’s how many millennials got money from their parents to buy their homes Millennials aren’t buying homes like their parents and grandparents did. That’s largely because it’s harder to afford a house these days: high real estate prices, stagnant wages and student … Continue reading

Posted in Demographics, Economics, National Real Estate | 168 Comments

Crisis officially over?

From Inman: Delinquency rates fall to pre-housing crisis levels: CoreLogic The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate, Risky Lending | 61 Comments

Shore Uprising

From the NYT: ‘Airbnb Tax’ in N.J. Opens New Front in Battle Over Internet Economy The Jersey Shore, a storied summer vacation spot, has become the newest national battleground over regulating and taxing the internet economy. New Jersey is one … Continue reading

Posted in Demographics, Economics, Politics, Shore Real Estate | 78 Comments

Our own little Disney

From the Star Ledger: Inside the N.J. town where retail spending beats Hollywood and tourism rivals Disney Name any brand, and it probably has at least one location in Paramus — some have two or three. At a time when … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 50 Comments

Fiscal … Death … Spiral

From the Star Ledger: N.J. is in a ‘fiscal death spiral’ and Murphy call for new tax on millionaires isn’t the answer, top Democrat says  New Jersey’s Democratic state Senate president, who is steadfastly opposed to the Democratic governor’s call … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 17 Comments

Going up again?

From CNBC: Home prices could be on the verge of heating up again, according to CoreLogic Home prices in January rose at the slowest pace in nearly seven years, but buyers shouldn’t feel too confident just yet. Prices might be … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 171 Comments

Minimum wages up – Property taxes up

Oh, you’ll find a way. From NJTV: How will NJ’s new $15 minimum wage affect local governments? Middletown has a population of 66,000. The Monmouth County city has horse farms, the beach and Big Mike’s Little Red Store. Middletown Mayor … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics, Property Taxes | 68 Comments

Single women second largest group of homebuyers

From the Press of Atlantic City: In New Jersey, more single women are buying homes. Here’s why Angela Cottrill likes having control over the place where she lives. The single hairstylist wanted the investment of owning a condo, so she … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 38 Comments

Millennials don’t understand the concept of repair.

You have an entire generation that grew up in a culture of disposable everything. Why would anyone think houses should be different? You don’t fix things, you get the new version. From CNBC: Most millennial homeowners have buyer’s remorse, a … Continue reading

Posted in Demographics, National Real Estate, Unrest | 112 Comments