Author Archives: grim

NJ’s tax scheme … will fail

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

At what point do we say “recovered” and at what point do we say “bubble”?

From CNBC: Home Prices Hit Records in Almost Two-Thirds of U.S. Cities Home prices jumped to all-time highs in almost two-thirds of U.S. cities in the fourth quarter as buyers battled for a record-low supply of listings. Prices for single-family … Continue reading

Posted in Economics, National Real Estate | 121 Comments

Comp Killer – Saddle River Edition

From Variety: Mary J. Blige Faces Huge Loss on New Jersey Estate Mary J. Blige is riding a well-deserved professional crest with two Oscar nominations — one for supporting actress and one for original song, both for the acclaimed Netflix … Continue reading

Posted in Comp Killer, New Jersey Real Estate | 60 Comments

Finally the end of cheap mortgages?

From CNBC: Here’s how a 5% mortgage rate would roil the US housing market Mortgage rates are now at their highest level in four years and poised to move even higher. The timing couldn’t be worse, as the usually busy … Continue reading

Posted in Economics, Mortgages, National Real Estate | 137 Comments

Looking good, Billy Ray! Feeling good, Louis!

From HousingWire: Americans gain confidence in housing as home prices rise Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices, according to the latest Home Purchase Sentiment Index from Fannie … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 61 Comments

Net net … nothing?

From the Washington Post: Predictions of a crash in housing prices have not come true Were fears overblown that changes to the federal tax law would trigger plunging home values? You might recall the scary predictions that began coming last … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Politics | 211 Comments

Downtown JC going to pay up

From the Jersey Journal: 10 homes socked with huge tax hikes thanks to Jersey City reval Jersey City is conducting its first complete property revaluation since 1988 and the new assessments have started rolling in. Appraisal Systems, the company hired … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 74 Comments

“Homeownership has lost its allure”

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments

We like it here … but

From the Star Ledger: N.J. is a good place to live but the taxes stink, residents say New Jerseyans are conflicted. A vast majority love their neighborhoods and most say the state is a good place to live, according to … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 111 Comments

Mortgage rates going up

From CNBC: Mortgage rates jump even higher after positive jobs report The good news is Americans are making more money – because they’re going to need it, especially people thinking about buying a home. While the just-released January employment report … Continue reading

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

January MarketNews

From Otteau Group: This topic has caused quite a stir, with some forecasters predicting ‘Armageddon’ and that the ‘The Sky is Falling’! Contrary to these claims, our analysis indicates that most existing homeowners and homebuyers in New Jersey and New … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 192 Comments

Case Shiller up 6.4% yoy

From HousingWire:

Posted in Economics, Housing Bubble, Housing Recovery, National Real Estate | 77 Comments

Yeah yeah, be priced out forever, we’ve heard that before.

From Forbes: 2018’s Housing Market Looks Good Unless You’re A First-Time Millennial Buyer The nation’s housing market for 2018 continues to look good, according to two recently released reports. But first-time millennial buyers will continue to struggle with affordability, especially … Continue reading

Posted in Demographics, Economics, Housing Bubble, Housing Recovery, National Real Estate | 112 Comments

So what’s in store for NJ?

From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Property Taxes | 90 Comments

Taxing to fix the tax problem

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 156 Comments