Category Archives: Economics

So absurd it needs to be reposted

From SportsTalk: Paterson, NJ Developers Think An Arena Can Help Save A Struggling Shopping Mall Sports as an economic generator in Paterson, NJ?  It doesn’t appear that any sports league is looking to put a team in Paterson, New Jersey. … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 98 Comments

What’s driving gross income tax increases?

From the Star Ledger: N.J. income taxes rolling in like never before. Now Dems will fight over what to do with all that extra cash.  New Jersey’s income tax collections came roaring back in April, surprising state leaders and cracking … Continue reading

Posted in Economics, Employment, Politics, Property Taxes | 63 Comments

Policy has repercussions

From ROI-NJ: GSI forum offers some ‘uncomfortable truths’ of doing business in N.J. State Sen. Declan O’Scanlon was measured in his tone but precise in his words. Speaking at Garden State Initiative’s second annual Economic Policy Forum on Thursday in New … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate, Politics | 52 Comments

Overhauled? Shut it down.

From the Star Ledger: The EDA gave tax breaks to a predatory lender, group says. That’s why the state agency needs to be overhauled. Last week, corporate whistleblower Kerrie-Ann Murray testified that her former employer falsified payroll paperwork to facilitate a … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 48 Comments

Where prices are going up in NJ. It’s not where you think.

From the Star Ledger: The town in each county where home values are increasing most  Get these homes while they’re hot — and in some cases — still cheap. We’ve looked at the hottest markets in New Jersey — the places that … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 120 Comments

Grass is greener, taxes are lower

From Fox Business: Florida-based ‘Unhappy New Yorkers’ campaign targets fed-up taxpayers Tens of thousands of New Yorkers are leaving the high-tax state and moving to Florida, a trend local real estate developers are looking to capitalize on. Armando Codina, executive chairman of Miami real … Continue reading

Posted in Demographics, Economics, National Real Estate | 108 Comments

How In Living Color predicted the future.

From CNBC: How the hustle and gig economy is choking the middle class For Emmanus Stephen, an Uber driver from Asbury Park, New Jersey, earning enough to pay the bills means strategizing carefully about where he will work each day. … Continue reading

Posted in Demographics, Economics, National Real Estate | 101 Comments

Welcome Home

From the Star Ledger: These 2 N.J. suburbs are among most affordable ‘you’d like to live in’ outside of major cities One of the desirable traits of living in New Jersey is much of the state’s proximity to a major … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 66 Comments

Brains win.

From Citylab: The Geography of Brain Drain in America Perhaps the biggest problem afflicting America is its widening geographic divide between the winners and losers of the knowledge economy. A raft of studies has documented the growing divergence between places … Continue reading

Posted in Demographics, Economics, Employment | 45 Comments

If you want to sell, you better list now

From the Star Ledger: Want your home to sell for top dollar? Here’s the best time to list in N.J. There isn’t an exact science to know when to list your home in order to sell it in a timely … Continue reading

Posted in Economics, New Jersey Real Estate | 185 Comments

Faster foreclosures come to NJ

From the Star Ledger: Murphy hopes these new laws will put an end to N.J.’s dubious distinction as the nation’s leader in home foreclosures Gov. Phil Murphy signed a package of measures into law Monday that aim to prevent New Jersey from … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics | 149 Comments

Look back at taxes

From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year. The … Continue reading

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

Uneven recovery or catch up?

From CNBC: Uneven housing recovery persists, with some markets still behind their pre-recession peak With the U.S housing bubble far in the rearview mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it’s a … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 54 Comments

So much for the jump in February

From Marketwatch: Existing-home sales slide nearly 5% in March as the on-again-off-again housing market retreats Sales of previously-owned homes fell more sharply than expected in March as the usual housing headwinds stalked the market. The surge in February was the … Continue reading

Posted in Demographics, Economics, National Real Estate | 122 Comments

Probably because they learned their lesson … duh

From HousingWire: Why aren’t more people tapping into their home equity? As the housing market has continued its recovery, home prices have been climbing at a steady clip across the nation. And that means homeowners now have a nice stockpile … Continue reading

Posted in Demographics, Economics, National Real Estate, Risky Lending | 41 Comments