Author Archives: grim

C19 Open Discussion Week 3

From the Star Ledger: Trump says he may quarantine parts of N.J. in coronavirus crisis  President Donald Trump said Saturday he is considering imposing a two-week quarantine on parts of New Jersey, New York and Connecticut to stop the spread of the coronavirus. … Continue reading

Posted in General | 122 Comments

C19 Open Discussion Week 2b

Who knew we were still popular?

Posted in General | 274 Comments

C19 Open Discussion Week 2

From the Star Ledger: N.J. liquor stores deemed essential, will stay open during coronavirus shutdown With the coronavirus wreaking havoc on lives the world over, it’s fair to say that everyone is feeling more stressed than normal. Luckily, Gov. Phil Murphy’s order … Continue reading

Posted in General | 255 Comments

C19 Open Discussion Week 1

Well, at this rate, we might as well keep this going for a while. From the Record: NJ sets voluntary statewide curfew, and casinos, bars, gyms closing until further notice New Jerseyans should not leave their homes from 8 p.m. … Continue reading

Posted in General | 433 Comments

Step away for a minute and the world goes to shit

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 225 Comments

Another good year for RE?

From HousingWire: CoreLogic: Expect home prices to rise 5% by next November In November, home prices climbed by 3.7% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 116 Comments

End of the NJ HQ?

From the Star Ledger: N.J. could force employers to pay severance to laid-off workers Stirred by the plight of New Jersey Toys “R” Us workers who lost their jobs when the Wayne-based retailed filed for bankruptcy and shuttered stores across … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 79 Comments

Still strong on LI

From LI Business News: Long Island home prices climb on strong sales Prices of Long Island homes sold last month rose compared with a year ago, boosted by strong demand and a shrinking supply. The median price of homes contracted … Continue reading

Posted in Economics, Housing Recovery, NYC | 36 Comments

Business growing in NJ?

From GlobeSt: Northern NJ Office Market Showing Improvement Heading into 2020 The Northern New Jersey office market showed signs of stability and improvement at the end of 2019 positing positive net absorption, lower availability and higher asking rents, according to … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 113 Comments

Trends 2020

From Forbes: The Real Estate Landscape In 2020: An Expert’s Predictions   Sellers will expand on home improvements before selling These will go far beyond staging as buyers become less inclined to buy homes that need work “They wish to know … Continue reading

Posted in Economics, National Real Estate | 125 Comments

The Exodus

From CNBC: People couldn’t wait to leave this state in 2019 Blame it on brutal winters, high taxes or the New Jersey Turnpike: The Garden State is the last place where people want to be. More than two-thirds of all … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 114 Comments

November Pending Sales

From CNBC: US pending home sales rise in November Contracts to buy previously owned U.S. homes rose in November, driven by a surge in new contracts being signed in the country’s West, the National Association of Realtors said on Monday. … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 128 Comments

Housing Slowing?

From HousingWire: Home price growth slows but rent keeps rising at 2019 ends Both home prices and rents continued to increase as the year reached an end, but one of those two is increasing faster than the other. Home values … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 26 Comments

NJ Minimum Wage Increasing 10%

Should be interesting given that 6 months ago, minimum wage in NJ was $8.85. On January 1st, it will move to $11 an hour – roughly a 25% increase from a year ago, which would put NJ at the top … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 51 Comments

Housing still looking good

From HousingWire: Home sale prices increased over 5% in the last month Home sale prices increased 5.2% year over year in November, according to a new report from Redfin. Now, home sale prices are at a median of $311,600, the largest increase since … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 41 Comments