Author Archives: grim

Pay Up Jersey City – Just like the rest of us

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

17,500 jobs … poof

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 64 Comments

Just part of doing business in NJ

From HousingWire: Ex-NJ mayor sent to prison for kickbacks involving HUD funds The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 65 Comments

Not the best in a decade?

From HousingWire: Here’s why the housing market continues to struggle with low inventory Tight housing inventory supply could put a strain on this year’s spring home-buying season, according to the monthly Outlook released Tuesday by Freddie Mac. The low supply … Continue reading

Posted in Housing Recovery, National Real Estate, Where's the Beef? | 71 Comments

JC overtakes Hoboken?

Really interesting piece over at Jersey Digs: In 2016, Downtown Jersey City Real Estate Proved The Better Bet Over Hoboken When Pure Properties released their last quarterly market report in January, it was the first time that Downtown Jersey City … Continue reading

Posted in Gold Coast, New Jersey Real Estate | 103 Comments

Best spring market in (almost) a decade?

From CNBC: Homes this spring are selling faster than ever Homes are flying off the shelves this spring, as demand rises and supply continues to drop. Record high prices in some local markets are not thwarting hungry buyers, as they … Continue reading

Posted in Housing Recovery, National Real Estate | 39 Comments

…except here

From MarketWatch: Foreclosure activity drops to pre-recession levels nationwide Chances are slim that a new foreclosure sign was posted on your block. The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a … Continue reading

Posted in Economics, Foreclosures, National Real Estate | 29 Comments

2.5 month supply of homes in Brooklyn

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Mortgage delinquencies at 10 year low

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

Local realtors: It’s a great time to sell … and buy!

From NJ1015: Demand for housing in New Jersey on the rise — It’s a seller’s market The New Jersey housing market, which has been depressed since the Great Recession, is showing signs of firing up. According to Rob Dekanski, a … Continue reading

Posted in Economics, New Jersey Real Estate | 47 Comments

Better than renting out?

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading

Posted in Demographics, Economics, NYC | 37 Comments

When will home price growth start to slow?

From HousingWire: CoreLogic: Home prices rose 7% in February Home prices increased in February and will only continue that upward trend, according to the Home Price Index and HPI Forecast from CoreLogic, a global property information, analytics and data-enabled solutions … Continue reading

Posted in Demographics, Economics, National Real Estate | 105 Comments

Going to be a good year for NJ real estate

From the Otteau Group: NJ Home Sales Showing More Balance In February, the number of contract purchases by home buyers exceeded the same month in the prior year for the 30th consecutive month, reflecting an 8% increase over February 2016. … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 78 Comments

Home prices see strong start for 2017

From CNBC: US home prices rise 5.9 percent to 31-month high in Jan: S&P CoreLogic Case-Shiller US home price gains reached a 31-month high in January, according to the S&P/Case-Shiller U.S. National Home Price Index. The index, which measures all … Continue reading

Posted in Economics, National Real Estate | 53 Comments

Healthy Shmealthy

From CNBC: Here are the nation’s healthiest—and unhealthiest—housing markets Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping for their own homes or for investment … Continue reading

Posted in Economics, New Jersey Real Estate | 51 Comments