Category Archives: Economics

Murphy, you want an innovation economy? Fix these.

From the APP: 3 reasons NJ lost out on Amazon HQ: Bhatti Here are the top three reasons New Jersey lost: 1. Too expensive for Amazon: Seven billion dollars of tax incentives wasn’t enough. New Jersey made national news when … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 129 Comments

Glutton for punishment

From the Star Ledger: Election 2018: N.J. voters OK $500 million for school security, water improvements New Jersey voters on Tuesday approved a proposal to borrow $500 million to expand vocational schools and bolster security across K-12 school districts, according … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 158 Comments

Sorry NJ

From the Star Ledger: Amazon in ‘advanced’ talks with a city for HQ2. It’s not Newark. Newark’s chances at landing Amazon’s second headquarters is looking more like a long shot. Amazon officials are reportedly in “advanced discussions” about establishing its … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 71 Comments

Home price growth continues to slow

From CNBC: Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index Mortgage interest rates didn’t begin their recent surge until the start of September, but home prices were already feeling pressure, as … Continue reading

Posted in Economics, Mortgages, National Real Estate | 160 Comments

The “fix” is easy

The fix is to allow lenders to foreclose without requiring approval of the judiciary, everything else is a gimmick and give-away, like this from NJ101.5: HOW CAN WE FIX SOUTH JERSEY’S TROUBLING FORECLOSURE MESS? A new report finds the foreclosure … Continue reading

Posted in Economics, Foreclosures, South Jersey Real Estate | 64 Comments

Strollers hit Jersey City

From the NY Times: Jersey City Grows Up When Zacheus and Ratri Chan showed up at an open house for a townhouse in the Bergen-Lafayette neighborhood of Jersey City last fall, there was a line down the street. The six-bedroom … Continue reading

Posted in Demographics, Economics, Gold Coast, New Development | 15 Comments

SALT cap hits the Northeast … hard

From Bloomberg: Housing Is Tanking in the Northeast. Guess Why. Sales of new single-family houses were down 13.2 percent in September from a year earlier, the Census Bureau reported Wednesday. That’s a lot — the biggest year-over-year percentage decline since … Continue reading

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 70 Comments

New home sales “collapse” in the Northeast.

From CNBC: New home sales drop 5.5% in September to near two-year low New home sales plunged in September, falling 5.5 percent to an almost two-year low amid pressures from rising interest rates that have hammered the real estate market. … Continue reading

Posted in Economics, National Real Estate, New Development | 35 Comments

A Manufacturing Comeback?

From NJBiz: CBRE: 2018 strong year for NJ manufacturing real estate Boosted by the sale of a Jersey City manufacturing property, the real estate services and investment firm CBRE is forecasting 2018 to be one of the strongest years for … Continue reading

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

Kaboom! Err, a new boom.

From HousingWire: TransUnion: Home equity lending is going to soar Home equity levels continue to rise, and all signs point to a market ripe for home equity lending, according to a recent report from consumer credit reporting agency TransUnion. Home … Continue reading

Posted in Economics, Housing Bubble, Mortgages, National Real Estate | 42 Comments

Buy! No, rent! No, buy!

From the Real Deal: More than 75% of Americans choose renting a home over buying: report Fewer Americans are in the home-buying mood. Rising interest rates and housing prices prices, coupled with slowing rent growth are making homeownership less attractive. … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 93 Comments

Rockland and Westchester slow

From LoHud: After a robust year, there are signs the housing market is in correction mode The residential market in the Lower Hudson Valley shows signs of a slowdown. The number of sales in the third quarter slipped from a … Continue reading

Posted in Economics, Housing Bubble, North Jersey Real Estate, NYC | 64 Comments

Can NJ buy it’s way into a startup economy?

From the Star Ledger: Murphy’s risky plan to spark Jersey’s sagging economy Is New Jersey’s government smart enough to invest $250 million in venture capital projects, and come out a winner? Should a government that is not competent to run … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

Murphy taxes online sales

From InsiderNJ: Now Law: Burzichelli & Moriarty Bill to Require Marketplace Facilitators & Certain Remote Sellers to Pay NJ Sales Tax Legislation sponsored by Assemblymen John Burzichelli and Paul Moriarty to ensure a level playing field between brick-and-mortar businesses and … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments

Otteau: September Update

From the Otteau Group: September MarketNews Home purchase contracts in New Jersey declined in August by 2% compared to the same month last year. Almost half of the markets in NJ have seen a decline in the pace of home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 120 Comments