Author Archives: grim

Good way to kill mortgage lending in NJ

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 37 Comments

NJ’s Losers

From the Star Ledger: The 20 fastest-shrinking towns in New Jersey New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades. The large … Continue reading

Posted in Demographics, New Jersey Real Estate | 81 Comments

The year of the ‘burbs?

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 87 Comments

Are suburbs the smart move?

From Inman: Are the suburbs a better deal for millennials? Much has been made of the millennial desire to live in cities; however, a couple of recent studies show that for families with kids, the suburbs might be the place … Continue reading

Posted in Demographics, Economics, National Real Estate | 74 Comments

10 years after the foreclosure crisis

From DS News: The Foreclosure Crisis: A Retrospective On Tuesday, CoreLogic released a report titled “United States Residential Foreclosure Crisis: Ten Years Later” to examine how the country has handled and recovered from the foreclosure crisis in the years since. … Continue reading

Posted in Foreclosures, National Real Estate | 61 Comments

NJ Comeback?

From the Record: N.J. job growth last year best since 2000 New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics. The gains continued into the … Continue reading

Posted in Economics, New Jersey Real Estate | 29 Comments

Rent or Buy – Too Simple?

From NJ101.5: Should you buy or rent? A county-by-county list for NJ To make that decision a bit easier, real estate database ATTOM Data Solutions has released a report that breaks down the math in New Jersey’s housing markets and … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

7.4% of NJ households are millionaires

From the Star Ledger: The number of N.J. millionaires growing, study finds New Jersey leaped over Hawaii last year to become the U.S. state with the third-highest number of millionaires. The Garden State’s wealth and incomes are among the highest … Continue reading

Posted in Economics, New Jersey Real Estate | 25 Comments

Millennials happy about housing

From CNBC: Millennials drive housing confidence higher, despite red-hot prices Both buyers and sellers alike are feeling very good about the housing market this spring, even as home values hit new highs and mortgage rates move up. A monthly sentiment … Continue reading

Posted in Demographics, National Real Estate | 76 Comments

Home prices up and continuing to go up -CoreLogic

From HousingWire: CoreLogic: Spring home buying season looks to be strongest in recent memory Home prices increased in January and will even continue this rise into January 2018 due to a mixture of low housing supply and a progressive economic … Continue reading

Posted in Demographics, Economics, National Real Estate | 64 Comments

NJ downtown at stake?

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Ruining your Friday

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

NJ’s real estate market off to a good start in 2017

From the Otteau Group: NJ Home Sales Remain Strong in 2017 In January, the number of contract purchases by home buyers exceeded the same month in the prior year for the 29th consecutive month, reflecting a 14% increase over January … Continue reading

Posted in Economics, New Jersey Real Estate | 246 Comments

Pending home sales starting to show cracks?

From CNBC: Pending home sales drop unexpectedly to lowest in a year, down 2.8% in January Higher mortgage rates and near record low supply resulted in disappointing home sales to start the year. House hunters signed 2.8 percent fewer contracts … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 87 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments