Monthly Archives: April 2019

Faster foreclosures come to NJ

From the Star Ledger: Murphy hopes these new laws will put an end to N.J.’s dubious distinction as the nation’s leader in home foreclosures Gov. Phil Murphy signed a package of measures into law Monday that aim to prevent New Jersey from … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 149 Comments

Still overpriced?

From the NY Post: Embattled New Jersey mansion is now a whopping 75 percent off This northern New Jersey mansion dates to the roaring ’20s, but it’s certainly not roaring now. The grand property — once one of the state’s … Continue reading

Posted in New Jersey Real Estate, Price Reduced, Risky Lending | 92 Comments

Look back at taxes

From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 70 Comments

Uneven recovery or catch up?

From CNBC: Uneven housing recovery persists, with some markets still behind their pre-recession peak With the U.S housing bubble far in the rearview mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it’s a … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 54 Comments

So much for the jump in February

From Marketwatch: Existing-home sales slide nearly 5% in March as the on-again-off-again housing market retreats Sales of previously-owned homes fell more sharply than expected in March as the usual housing headwinds stalked the market. The surge in February was the … Continue reading

Posted in Demographics, Economics, National Real Estate | 122 Comments

Probably because they learned their lesson … duh

From HousingWire: Why aren’t more people tapping into their home equity? As the housing market has continued its recovery, home prices have been climbing at a steady clip across the nation. And that means homeowners now have a nice stockpile … Continue reading

Posted in Demographics, Economics, National Real Estate, Risky Lending | 41 Comments

US employment strong, NJ employment sucks, what gives?

From NJBIZ: Jobs report: Unemployment slightly increases on weak job growth New Jersey’s employment rose modestly in March, increasing by 3,600 jobs to mark the fifth monthly increase in the last six months, according to preliminary estimates produced by the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 19 Comments

Sorry about your mansion

From the WSJ, hat tip Anuj: Wealthy Greenwich Home Sellers Give In to Market Realities After four years on the market, and three price cuts, a stately Colonial-style home on Greenwich, Conn.’s tony Round Hill Road is being sold in … Continue reading

Posted in Economics, National Real Estate | 78 Comments

Slowing in LI, or still strong?

From Newsday: LI home prices rise, but sales slow and inventory grows, report shows Long Island home prices kept rising as the spring selling season got underway last month, but the pace of sales slowed and inventory is on the … Continue reading

Posted in Demographics, Economics, National Real Estate | 141 Comments

89% of NJ households paid less taxes

From the Star Ledger: Tax Day 2019 more taxing for 400K N.J. households, thanks to Trump law If you saw your taxes go up under the Republican tax law that limited your property tax break, you weren’t alone. In fact, 411,809 New … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 58 Comments

Paid less taxes, nobody cared

From the NYT: Face It: You (Probably) Got a Tax Cut If you’re an American taxpayer, you probably got a tax cut last year. And there’s a good chance you don’t believe it. Ever since President Trump signed the Republican-sponsored … Continue reading

Posted in Economics, Politics, Unrest | 29 Comments

Movement of jah people!

From NJ Spotlight: IS THE FEDERAL SALT CAP PUTTING NJ RESIDENTS ON THE ROAD TO OTHER STATES? Cindy Myers, the president of a moving company based in Mahwah, said she’s seen a big uptick in out-of-state moves in the past … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

Neighborhood makes a difference? Get real.

From the APP: Middle class in NJ: Where you grow up determines if you will be rich or poor The chartered bus from Long Branch and Asbury Park made good time to New York City, dropping eighth graders at Samsung to see the latest … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 51 Comments

I dip, you dip, we dip

From the APP: NJ double dippers: At least 64 public employees make more than Murphy It’s common for people to have a side hustle to make some extra cash. Then there are those who have many extra jobs. Working for the … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 161 Comments

Jobs Day

From CNBC: Friday’s jobs report could eliminate market’s recession fears Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation … Continue reading

Posted in Economics, Employment, National Real Estate | 91 Comments