Category Archives: New Jersey Real Estate

Home price jackpot? Think again.

From the NYT: How Much Higher Are Your Post-Pandemic Property Taxes? The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the … Continue reading

Posted in National Real Estate, New Jersey Real Estate, NYC, Property Taxes | 61 Comments

Better move fast

From the Star Ledger: N.J. ranks second in nation for fastest selling homes. See latest list. Homes in New Jersey sold within a median of 39 days in February, the second fastest in the nation, the latest data from Realtor.com showed. Only … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 71 Comments

Building 200,000 Affordable Homes

From the Record: Senate passes bill to overhaul how NJ towns will meet affordable housing mandate How much affordable housing will New Jersey towns be required to zone for, build, convert or renovate over the next decade?  Gov. Phil Murphy … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 92 Comments

NY Metro Rents Skyrocket

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Even AI wants to live in NJ

From ROINJ: CBRE: New Jersey data centers find AI operators are dominant occupiers of space Strong demand for data center space during the second half of 2023 resulted in a new all-time low vacancy rate for the New York tri-state region, … Continue reading

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

Unexpected demand for Gold Coast rentals

From NorthJersey.com: Short-term rental demand rose in New Jersey after Airbnb restrictions in New York City It’s been just about six months since New York City placed major restrictions on short-term rental properties like Airbnb — and North Jersey is … Continue reading

Posted in Economics, Gold Coast, New Jersey Real Estate | 88 Comments

Say YES! to $56k in property taxes

From the Record: Daybreak, an updated 100-year-old brick mansion in Montclair, hits market for $7.5M

Posted in New Jersey Real Estate, Property Taxes | 26 Comments

Spring has sprung

From NorthJersey.com: Real estate update: Is North Jersey finally seeing more housing inventory? In February, 19 of New Jersey’s 21 counties saw an increase in new listings over January. Additionally, 12 New Jersey counties saw more new listings this year than … Continue reading

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 141 Comments

Huh?

From the LA Times: Forget California exodus. New Jersey residents lead an influx back into the Golden State  After a half decade of Californians moving to places like Texas and Florida, an unlikely state has been supplying California with new … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Where's the Beef? | 16 Comments

$4.9m record breaker in Weehawken

From Patch: Christie’s International Real Estate Group announces the sale of 12 Henley Place – an iconic and record-breaking sale that set a historic benchmark at Henley on the Hudson, with its remarkable sale price of $4.9 million. Jessica Williams, … Continue reading

Posted in General, Gold Coast, Housing Bubble, New Development, New Jersey Real Estate | 40 Comments

Taxes Up!

From News12: Gov. Murphy seek $55.9B New Jersey budget, increasing education aid, boosting biz taxes to fund transit Gov. Phil Murphy on Tuesday unveiled a $55.9 billion budget, up about 5% over his previous year’s proposal, calling for nearly $1 … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 97 Comments

37 NJ towns you can’t afford

From the Star Ledger: These 37 N.J. towns have home values of at least $1M. See latest statewide ranking. New Jersey’s home prices continued to steadily increase through the end of last year with typical home values of at least … Continue reading

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

Flooding kicks off new wave of Blue Acres buyouts

From ABC News: Flood-stricken New Jersey residents look into government-funded home buyout program The flooding in parts of New Jersey over the past few months left mounts of headaches for residents. Countless residents from those affected areas came out to … Continue reading

Posted in Crisis, New Jersey Real Estate, Politics, Unrest | 77 Comments

Priced out of Monmouth

From the APP: Monmouth County median home prices start the new year by rising over the $800K mark The median home in Monmouth County listed for $808,750 in January, up 2.5% from the previous month’s $789,000, an analysis of data from Realtor.com … Continue reading

Posted in Housing Bubble, New Jersey Real Estate, Shore Real Estate | 57 Comments

Jersey Shore Timeshares

Sorry, this one is behind the paywall, but I couldn’t help but post it. From the Philadelphia Business Journal: With Jersey Shore home prices soaring, owners are now selling fractions of their houses With skyrocketing home prices and rental rates … Continue reading

Posted in Crisis, Housing Bubble, New Jersey Real Estate | 127 Comments