Author Archives: grim

Fix it, Sell it, or Get Out

From the APP: A tool for targeting the ‘zombie houses’ of Toms River, throughout the Shore They’re called “zombie houses,” and they can suck the life out of any neighborhood. Zombie homes are properties whose owners have walked away from … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 21 Comments

Hey Democrats, where’s our pot?

From the Washington Post: N.J. Democrats loved the idea of taxing the rich — until they actually could do it Democrats in the New Jersey state legislature approved a tax hike on millionaires five separate times under then-Gov. Chris Christie … Continue reading

Posted in New Jersey Real Estate, Politics | 59 Comments

Fed not taking the juice away … yet

From HousingWire: Fed changes tune on raising interest rates this year The Federal Reserve has been forecasting an average two to four rate hikes in 2018, however the minutes from its latest meeting reveal a more dovish approach. Many experts … Continue reading

Posted in Economics, Mortgages, National Real Estate | 124 Comments

Start looking to sell?

From MarketWatch: Thinking of selling your home? Do it before 2020, economists say Prospective home buyers these days are probably feeling pressure to lock in a deal quickly given skyrocketing home prices across most of the country. But those who … Continue reading

Posted in Economics, Employment, National Real Estate | 188 Comments

If you thought the Russians were sneaky…

From NJ101.5: If you’re looking to buy a house in New Jersey be forewarned – the people selling the house may have you under secret surveillance. As the price of video security systems like nanny cams continues to drop and … Continue reading

Posted in Humor, New Jersey Real Estate | 243 Comments

Hot or Not

From the Star Ledger: These 15 N.J. real estate markets are sizzling hot right now, spring edition 15. Hoboken Current home value: $788,190 Yearly growth: 8.16 Hoboken is a strong city for working millennials. It’s is a little younger than … Continue reading

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 141 Comments

You buyin’ this?

From the Star Ledger: Murphy’s state bank would help working families, boost local economy New Jersey has an investment problem. The Garden State’s numerous credit downgrades, budget shortfalls, crumbling infrastructure, chronic underfunding of critical programs and priorities are well known. … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 261 Comments

“This time it’s different”

Podcast from NPR: Rising Home Prices Lead To Worries Of Another Housing Market Bubble GOLDING: Is the area affordable? The bubbles are when you’re getting away from the fundamentals – when the demand is sort of outstripping the supply, but … Continue reading

Posted in Housing Recovery, National Real Estate | 120 Comments

Are mortgages finally back to a solid level?

From National Mortgage News: Mortgage delinquency rates down annually, a sign of a healthy economy Despite an especially strong hurricane season last year, the national mortgage delinquency rate fell on an annual basis, signaling a healthier economy, according to CoreLogic’s … Continue reading

Posted in Economics, Foreclosures, Mortgages, National Real Estate | 156 Comments

No tax doomsday? Yet?

From Bloomberg: Million-Dollar Home Values Gain Even as Tax Deductions Shrink Adam Blaylock was pretty sure he overpriced his Santa Clara, California, home by offering it in February for $1.48 million, since tax deduction changes would keep buyers away. But … Continue reading

Posted in National Real Estate, Politics, Property Taxes | 163 Comments

The puff piece returns … oh how I missed you

Warning, make sure you’ve got your boots on, the bullshit is deep in here. From the Record: High demand will spark bidding wars for houses in North Jersey this summer Prospective home buyers can expect to go to war this … Continue reading

Posted in Housing Bubble, Humor | 169 Comments

Feeling Hot Hot Hot

From MarketWatch: Americans haven’t been this optimistic about house prices since just before the crash House prices are soaring and, despite warnings from some analysts, most Americans believe they will continue to soar. A majority of U.S. adults (64%) continue … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 75 Comments

Will the feds accept it?

From the Star Ledger: Murphy moves to save your property tax break from Trump. But will it stick? Gov. Phil Murphy just took action to save your federal property tax break from President Donald Trump’s new tax law. The Democratic … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 55 Comments

At least someone wants to be here

From the WSJ: New Jersey Landlords Can’t Keep Up With Demand For Industrial Space Industrial space in New Jersey is so hot that lease deals are drying up. Across the state, which has become a major logistics hub for online … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 110 Comments

How do we sleep while our beds are burning?

From the WSJ: ‘My Clients Are Fleeing NJ Like It’s on Fire’ That headline arrives via email from a money manager in northern New Jersey. The Garden State already has the third largest overall tax burden and the country’s highest … Continue reading

Posted in General | 99 Comments