Category Archives: New Jersey Real Estate

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

January a mixed bag for NJ real estate

From NorthJersey.com: Real estate snapshot: Did North Jersey home prices increase in January? In January, New Jersey’s real estate market saw both positive and negative trends for potential homebuyers. Just about half of New Jersey’s 21 counties saw an increase … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 38 Comments

NJ second worst state to retire in

From WalletHub: Best and Worst States to Retire (2024) Many people fear that retirement will mark the end of their financial security, and others worry they might never actually get to retire. That’s understandable when 28% of non-retired adults haven’t saved any … Continue reading

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

How long to sell?

From NJ.com: Homes taking longer to sell in N.J. See latest county-by-county rankings. Median Days on Market Burlington County 40 Gloucester County 40 Camden County 42 Union County 44 Middlesex County 45 Somerset County 46 Mercer County 46 Cumberland County … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 69 Comments

Cheers!

From 42 Freeway: New Jersey Liquor License Overhaul Signed.  Much More To It Than The Press Release So it’s clear that New Jersey lawmakers are not happy that over 1,500 full alcohol plenary licenses are sitting unused for years, which … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 57 Comments

December a mixed bag for NJ real estate

From Yahoo Finance: Real estate market update: What happened with listings in North Jersey in December December is a traditionally slow month for real estate in New Jersey and across the nation. So it’s no surprise that North Jersey experienced … Continue reading

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

Online gaming not good for the economy?

Who could’a knew? From Gambling News: Report Argues New Jersey iGaming Has Harmed the Economy The gambling industry can provide significant economic boosts to certain areas, creating new jobs and generating millions in tax money. This argument continues to be … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 17 Comments

NJ real estate will do great … as long as rates drop

From NJ Spotlight News: NJ home sales poised for a 2024 comeback? In the first days of the new year, New Jersey analysts predicted that New Jersey’s beleaguered housing market is poised to make a comeback in 2024 if interest … Continue reading

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate | 110 Comments

Fitch – NJ is overpriced

From Fitch: Homes Prices Remain Overvalued in 88% of the U.S. Fitch Ratings-New York-20 December 2023: Fitch Ratings estimates that national home prices were 9.4% overvalued for 2Q2023 on a population-weighted average basis and expects overvaluation to remain elevated due … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 90 Comments

Prediction Season!

From the APP: Realtor.com released 2024 forecast for top housing markets Coming in at No. 23 was the Allentown-Bethlehem-Easton, PA-NJ area, with forecasts of : The next New Jersey market on the list was New York-Newark-Jersey City, NY-NJ-PA, coming in … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 47 Comments

Don’t let the money leave

From ROINJ: Murphy appoints new task force designed to cut property bills in half for New Jersey seniors A new task force charged with cutting property tax bills in half for New Jersey seniors has been created, according to a … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments

Alpine back on top

From NJ.com: These 5 N.J. zip codes are among the priciest in the country A record five New Jersey zip codes made the list of the top 100 priciest places to buy a home in the U.S., according to an … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 86 Comments

Buyer must feed the …

From NorthJersey.com: Once a New Jersey church, this $650K Zillow Gone Wild home for sale comes with a graveyard When browsing homes for sale, you stumble upon a swimming pool or a newly built deck. But, have you ever seen … Continue reading

Posted in Crisis, Housing Bubble, Humor, New Jersey Real Estate | 145 Comments

Preserving History

From the NYT: The Holmdel Horn, a Cosmic Shrine in New Jersey, Stays Put A radio telescope that discovered evidence of the Big Bang in 1964, revolutionizing the study of the universe, will remain in its original place on Crawford Hill in … Continue reading

Posted in New Jersey Real Estate | 46 Comments

Do mortgage rates even matter anymore?

From the APP: Mortgage rates double. Here is why that hasn’t killed Jersey Shore home bidding wars With mortgage rates rising to 22-year highs, the prospects for the sale of the house at 321 14th Ave. in Belmar could have … Continue reading

Posted in Demographics, Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Shore Real Estate | 44 Comments