Category Archives: Economics

“No one gets creamed more than New Jersey from this tax bill”

From the NY Times: In One New Jersey Town, Pending Tax Changes Create Anxiety Politically speaking, Livingston is not the bluest of the suburbs surrounding New York City. But there are few places where people are feeling any more anxious … Continue reading

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics | 124 Comments

“We’ve been subsidizing debt”

From the NYT: Homeowners Have Had It Good. Too Good, Says the Tax Bill. For decades, the tax code has been filled with rewards for homeownership. Tax breaks encourage people to get into first homes and to trade up as … Continue reading

Posted in Economics, National Real Estate, Politics | 24 Comments

Do or die time

From NJBIZ: NJ’s challenged suburban economy is now in crisis courtesy of Congress New Jersey is the most suburban state in the nation, which means plenty of malls and office parks. Not too long ago these properties helped make New … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Property Taxes | 107 Comments

Trump vs the Fed

From the NY Times: Fed Predicts Modest Economic Growth From Tax Cut The Federal Reserve, buoyed by a steadily strengthening economy, raised interest rates on Wednesday for a fifth time since the financial crisis and predicted that a proposed tax … Continue reading

Posted in Economics, National Real Estate, Politics | 33 Comments

NY Mortgages Worse Than NJ

From CoreLogic’s December Loan Performance Insights: NY has finally taken the overtaken NJ in mortgage delinquency stats, something I’ve been talking about for months. This is primarily being driven by distressed loan performance improving in NJ, and not delinquencies growing … Continue reading

Posted in Demographics, Economics, Mortgages, New Jersey Real Estate, Risky Lending | 75 Comments

Silly Valley

From the Star Ledger: Assembly speaker-elect: We can make N.J. the new Silicon Valley They all came from the same place — the transistors that powered radio to the digital cellular that powers our smartphones, fiber optics to LCD technology, … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 102 Comments

On the bright side, it’ll be so affordable nobody will want to leave

From the Philly Inquirer: ‘It’s going to make it more expensive to live here’: Why N.J., Pa. might face housing blow under GOP tax bill Usually, Tom Bracken said, he would do cartwheels over a plan to cut corporate taxes. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Philly, Politics | 95 Comments

Great time to buy a house … again

From Bloomberg: Housing Market’s Comeback Is Poised to Accelerate Housing was the epicenter of the last recession. From the peak in 2005 to the end of the contraction in mid-2009, U.S. residential investment declined at an unprecedented rate of about … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 78 Comments

Otteau Report November

From Otteau Group: MarketNEWS November Edition After home sales were basically unchanged during the month of September, New Jersey experienced a 9% increase in purchase contracts in October. Considering the 4% increase one year ago in October of 2016, home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 217 Comments

So what happens to New Jersey?

From ROI NJ: Murphy’s plans, GOP’s ideas could hasten migration from N.J. While raising the minimum wage and increasing the millionaires tax are two goals for Gov.-elect Phil Murphy, two Republican tax bills currently making their way through the federal … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Property Taxes | 72 Comments

Case Shiller Day

From HousingWire: Case Shiller: Home prices rise at fastest pace since 2014 Home prices increased in September at their fastest pace in more than three years, according to the latest S&P CoreLogic Case-Shiller Indices released by S&P Dow Jones and … Continue reading

Posted in Economics, National Real Estate | 83 Comments

Homeownership to rise?

From the Washington Examiner: White House analysis: Tax bill will slightly decrease home prices, but boost homeownership The tax legislation working its way through Congress would only slightly lower home values and could boost homeownership, according to a new analysis … Continue reading

Posted in Economics, National Real Estate, Politics, Property Taxes | 87 Comments

If not the Millionaires, then who? (Hint, You.)

From the Star Ledger: N.J.’s millionaires’ tax hike is losing support By now, anyone paying attention can see that Republicans in Washington are out to screw New Jersey. We would pay higher taxes under their plan, even though we already … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 25 Comments

Light Reading for Thanksgiving Morning

From ROI-NJ: Smart Growth coalition offers Murphy blueprint for economy For all the talk of attracting companies, the fact remains that the state has a land supply problem, especially in Northern New Jersey. Consider this: If a manufacturer wanted to … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate, Politics | 26 Comments

Why fight it? Go with the flow.

From the Record: Minimum wage for Bergen County workers is now $15 an hour Bergen County Executive Jim Tedesco gave thanks for county workers on Tuesday when he signed an executive order that raises the minimum wage for full-time employees … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 85 Comments