Author Archives: grim

All your homes are belong to us

From Reuters: Spiders, sewage and a flurry of fees – the other side of renting a house from Wall Street The rental home seemed so beautiful when McKayla Ferreira first laid eyes on it. The roof had three gables, fruit … Continue reading

Posted in National Real Estate, Unrest | 84 Comments

Where rents have gone up the most

From the Star Ledger: Rent prices are skyrocketing in these 15 N.J. real estate markets It’s not a renter’s market in New Jersey. The state has the fifth-highest median rent in the nation, along with high housing costs that force … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

Will affordable housing make NJ unaffordable for the rest of us?

From the Star Ledger: N.J. needs to build 155,000 affordable housing units. No one can agree on how or where As New Jersey reigned as one of the most expensive places in the country to live, the state agency tasked … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 93 Comments

“Uh Oh”s keep coming

From CNBC: Southern California home sales crash, a warning sign to the nation Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses … Continue reading

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 329 Comments

Uh Oh

From CNBC: Existing home sales fall for third straight month U.S. home sales fell for a third straight month in June as a persistent shortage of properties on the market pushed up house prices to a record high, likely sidelining … Continue reading

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

Can we afford to fight national politics on a local level?

Norcross this morning in the Star Ledger: N.J. Congressman: Murphy wants $15 min. wage by year-end. Let’s do it The best social program is a good job with fair wages and the dignity that comes with it. Last week, Governor … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 202 Comments

Sometimes it pays to play the long game

From Bloomberg: U.S. Homeowners Are Lingering Longer, and the Wait Is Paying Off Homeowners in the U.S. are holding on to their houses longer than they have in at least 18 years, and when they do sell, they’re reaping gains … Continue reading

Posted in Demographics, Economics, National Real Estate | 73 Comments

NJ’s future of smaller, taller, more expensive apartments

From ROI NJ: Rutgers Real Estate Center releases landmark study on school-aged children in multifamily properties The number of school-age children in multifamily housing units increases with the number of bedrooms, regardless of the residents’ income level and building product … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 81 Comments

Buy ’em out, tear ’em down.

From the Star Ledger: These N.J. properties flood over and over again, costing taxpayers like you millions More than 3,300 homes and business in New Jersey have been repeatedly flooded and rebuilt at taxpayer expense — some as many as … Continue reading

Posted in Economics, National Real Estate | 101 Comments

Blue states throw Republican strategy right back in their face

From Above the Law: States Are Suing For Their SALT Deductions Back Under The 16th Amendment The Republican tax bill famously capped the deductions for state and local taxes (SALT) at $10,000 for the purposes of federally taxed income. The … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 88 Comments

76% of CPA’s say the new budget is bad

From Accounting Today: New Jersey CPAs criticize state budget More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 126 Comments

Will we ever get through the backlog?

From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 100 Comments

Here comes the bubble? Or still too early?

From CNBC: The housing shortage may be turning, warning of a price bubble The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, Housing Recovery, National Real Estate | 27 Comments

No exodus?

From The Real Deal: No exodus from California despite pressure from new fed tax plan: real estate pros While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 86 Comments

Why millennials aren’t buying

From HousingWire: Here are 5 reasons the Millennial homeownership rate is low For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as … Continue reading

Posted in Demographics, Economics, National Real Estate | 68 Comments