Category Archives: New Development

The New Newark

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

Does this explain the construction gap?

From Bloomberg: Foreclosures Dry Up and a Hot Wall Street Trade Gets New Look It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So … Continue reading

Posted in Demographics, Economics, National Real Estate, New Development | 145 Comments

The building boom cometh

From Builder Magazine: REALTORS: EXISTING HOME SALES TO RISE 3.5% THIS YEAR. Job gains and improving household confidence are expected to guide existing-home sales to a decade high in 2017, but supply and affordability headwinds and modest economic growth are … Continue reading

Posted in National Real Estate, New Development | 77 Comments

Just part of doing business in NJ

From HousingWire: Ex-NJ mayor sent to prison for kickbacks involving HUD funds The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 65 Comments

NJ downtown at stake?

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments

Somebody believes in AC

From the AP: Showboat Owner Blatstein Buys Land Nearby in Atlantic City Bart Blatstein, the Philadelphia developer who’s been buying up distressed Atlantic City properties and re-opening them, has added three more Boardwalk parcels for about $6 million. Blatstein, who … Continue reading

Posted in New Development, New Jersey Real Estate, Shore Real Estate | 115 Comments

The other South Jersey market

From the Press of Atlantic City: South Jersey beach construction booming John Van Duyne heads into a house he recently finished building, a few doors off the beach in Ventnor. He points out the quartz shower seats and countertops in … Continue reading

Posted in New Development, Shore Real Estate | 51 Comments

Luring millennials with sushi

From the WSJ: Suburban Offices Woo Millennials With Food, Fitness and Fun Suburban landlords trying to compete with sleek urban office settings are finding new ways to step up their game. Property owners in New York’s suburbs are investing heavily … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Development, New Jersey Real Estate | 67 Comments

Rates scaring off buyers?

From the WSJ: U.S. New Home Sales Drop Sharply in December New home sales posted a steep decline in December, an indication that affordability challenges are beginning to cut into demand. Purchases of newly built, single-family houses, which account for … Continue reading

Posted in Mortgages, National Real Estate, New Development | 148 Comments

Huh?

Oddest thing I’ve read in a long time, from StateTech (?): Atlantic City Aims to Revitalize by Attracting Tech Talent and Startups How do you redefine a city? It’s a daunting question, but one that Atlantic City, long viewed as … Continue reading

Posted in Demographics, Economics, New Development, South Jersey Real Estate | 100 Comments

Cost of regulation holding back new home sales/construction?

From Seeking Alpha: Trumponomics In The Housing Market With the market soaring high on Trumponomics (the belief that Trump’s business experience will fix the country), we should take a look at some of the “unnecessary regulation” that might seem ripe … Continue reading

Posted in National Real Estate, New Development, Politics | 17 Comments

Can Newark be the next hot spot?

From the Star Ledger: Why a tech millionaire built his incubator in Newark If Gerard Adams didn’t exist, Newark Mayor Ras Baraka might have to invent him. Adams is a 31-year-old Belleville High School grad and Caldwell University dropout, whose … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 132 Comments

Time to increase loan limits? (Haven’t we heard this somewhere before?)

From the WSJ: Home Builders Say Federal Loan Limits Shut Out Many Buyers At the New Haven housing development in Ontario, Calif., Brookfield Residential is building 189 townhomes priced below $378,000. So far, the moderately priced homes have sold at … Continue reading

Posted in Mortgages, National Real Estate, New Development, Risky Lending | 190 Comments

Approaching Buildout?

From the Record: Single-family homes stay in the game, but North Jersey land scarce to build them Buyers looking for new, single-family homes in New Jersey once had plenty to choose from. As the state’s suburbs boomed in the second … Continue reading

Posted in New Development, New Jersey Real Estate | 74 Comments