Category Archives: New Development

How North Jersey came to be

Posted on April 23, 2012 by grim
Posted in Economics, New Development, North Jersey Real Estate | 113 Comments

From the Record: Our growing ‘City of North Jersey’: How we got here and where we are going It’s not surprising that Englewood chose to name its high school for Dwight Morrow, a city resident who was a U.S. senator, … Continue reading →

Expected the best, but worst still better than last year

Posted on April 18, 2012 by grim
Posted in Economics, Housing Recovery, New Development | 113 Comments

From Bloomberg: Housing Data Disappoint … Again So the latest housing number is kind of bad: 654,000 new units were started in March, 5.8 percent below the revised February numbers. Economists surveyed by Bloomberg were expecting something considerably higher. The … Continue reading →

How the Fed learned to stop worrying and love bad loans

Posted on April 11, 2012 by grim
Posted in Foreclosures, New Development, New Jersey Real Estate, Risky Lending | 141 Comments

From the Wall Street Journal: Jersey Rejuvenation Story About six years ago, Newark, N.J., seemed to be winning its long struggle to emerge from decades of urban decay, and one of the symbols of that was the opening of Eleven80, … Continue reading →

Hammers start to swing again

Posted on April 2, 2012 by grim
Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 107 Comments

From the Record: Home construction shows signs of life after long downturn From new luxury homes in Saddle River to town houses in Garfield to rentals in Fort Lee, Elmwood Park, Hackensack and Wood-Ridge, North Jersey is seeing small signs … Continue reading →

The New (Jersey) Suburbia?

Posted on March 24, 2012 by grim
Posted in Economics, New Development, New Jersey Real Estate | 36 Comments

From the NY Times: High Marks for Transit Hubs WANT to know which New Jersey train stations have the most plentiful supply of parking spaces relative to town population? There’s a list for that. Or what about stations in the … Continue reading →

White Elephant Returns to Jersey

Posted on November 14, 2011 by grim
Posted in Economics, New Development, New Jersey Real Estate | 167 Comments

From the Star Ledger: McMansions swell the real eastate market as homebuyers think small Ten years ago, when their grandchildren were young and visiting often, Frank and Rosemary Santoloci bought a brand new five-bedroom, four-bathroom home on four acres in … Continue reading →

Recovery being led by gold coast condos?

Posted on November 4, 2011 by grim
Posted in Housing Recovery, New Development, New Jersey Real Estate | 202 Comments

From the NY Times: A Bright Spot in the Condo Market EVEN here — in a city that has been one of New Jersey’s most fertile breeding grounds for condominiums — construction has been virtually at a standstill since construction … Continue reading →

Average NJ Foreclosure – 708 days late

Posted on October 4, 2011 by grim
Posted in Foreclosures, New Development, New Jersey Real Estate | 151 Comments

From Bloomberg: U.S. Homes in Foreclosure Average 611 Days Late on Payments U.S. homeowners facing foreclosure were a record 611 days late paying their mortgages on average as legal disputes delayed bank repossessions, Lender Processing Services Inc. said today. That … Continue reading →

“Agriculture is the new golf”

Posted on September 18, 2011 by grim
Posted in National Real Estate, New Development | 18 Comments

From the WSJ: An Apple Tree Grows in Suburbia Used to be, developers built high-end suburban communities around golf greens. The hot amenity now? Salad greens. In a movement propelled by environmental concern, nostalgia for a simpler life and a … Continue reading →

Flash! Hard to afford a big house on a big lot in Jersey

Posted on July 7, 2011 by grim
Posted in Economics, New Development, New Jersey Real Estate | 147 Comments

Affordability is a little bit of a sticky topic. Realize that a house doesn’t need to be affordable by the median income to be saleable, it just needs to be affordable for it’s single buyer. But this leads to a … Continue reading →

Pessimistic outlook for new home sales in April

Posted on May 24, 2011 by grim
Posted in Employment, National Real Estate, New Development | 159 Comments

From Bloomberg: Purchases of New Homes in U.S. Probably Held Near Record Low Purchases of new houses probably held close to a record low in April, showing the real-estate market remains a weak link in the U.S. expansion, economists said … Continue reading →

Just where the hell is this market going?

Posted on April 25, 2011 by grim
Posted in Housing Bubble, National Real Estate, New Development | 108 Comments

From the WSJ: New Home Sales Up From Record Low Sales of new homes increased in March from a record low a month earlier, a small boost for a struggling part of the U.S. economy. Sales grew 11.1% on a … Continue reading →

New home sales post record low (if you trust the numbers, or if it even matters)

Posted on March 24, 2011 by grim
Posted in Economics, National Real Estate, New Development | 223 Comments

From Bloomberg: U.S. New-Home Sales Unexpectedly Decline to Record-Low 250,000 Annual Pace Purchases of new U.S. homes unexpectedly declined in February to the slowest pace on record and prices dropped to the lowest level since December 2003, adding to evidence … Continue reading →

Tear it all down, start all over

Posted on March 18, 2011 by grim
Posted in Economics, New Development, New Jersey Real Estate | 262 Comments

From Bloomberg: Christie’s Atlantic City Revival Seeks Halt to 30% Casino Plunge New Jersey Governor Chris Christie is bucking voter skepticism and pushing ahead with his plan to revive the Atlantic City gambling resort, where casino revenue has plunged the … Continue reading →

Signs of life in the condo market?

Posted on March 12, 2011 by grim
Posted in Economics, New Development, New Jersey Real Estate | 157 Comments

From the NY Times: A Thaw in the Condo Market LAST month a few strong blips indicated a quickening pulse on the New Jersey condominium market. Or maybe just a pulse. There were 15 sales in four weeks at one … Continue reading →