Category Archives: New Jersey Real Estate

Farmland Assessment Fix – Does it go far enough?

Posted on May 19, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 64 Comments

From the Star Ledger: Bill to stop ‘fake farmers’ from getting large property tax discounts passes N.J. Senate panel A Senate panel has approved a bill to make it tougher for property owners to qualify for large property tax discounts … Continue reading →

April sees both jobs and unemployment grow

Posted on May 17, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 134 Comments

From the Record: NJ added 2,600 jobs in April New Jersey added 2,600 jobs in April, a slight rebound from the March’s job losses, but unemployment remained high. The state added 6,300 private sector jobs, and lost 3,700 government jobs, … Continue reading →

NJ moves closer to the top … 8.4% of mortgages in foreclosure

Posted on May 17, 2012 by grim
Posted in Economics, Foreclosures, New Jersey Real Estate | 151 Comments

From the Asbury Park Press: N.J. foreclosure inventoryspikes; 2nd most in nation New Jersey’s percentage of home mortgage loans in foreclosure continues to rise, even as rates nationally have fallen to the lowest level since 2008, a report released Wednesday … Continue reading →

Tax cuts (income or property) not looking likely as NJ revenue misses

Posted on May 16, 2012 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 144 Comments

From Bloomberg: Tax-Cut Pledge May Trap Christie as N.J. Revenue Misses Governor Chris Christie, a Republican who has spent the past four months promising New Jersey income- tax cuts, now confronts the challenge of selling his plan’s feasibility against a … Continue reading →

April Revenue #’s Gone Missing

Posted on May 15, 2012 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 112 Comments

From the Star Ledger: N.J. Treasury delays release of April revenue figures without explanation A joint news conference between Gov. Chris Christie and Senate President Stephen Sweeney wasn’t the only thing that didn’t go off as scheduled today in Trenton. … Continue reading →

Waiting for Godot the Bulldozer

Posted on May 14, 2012 by grim
Posted in Economics, Foreclosures, New Jersey Real Estate | 125 Comments

From the Record: North Jersey foreclosures haunt neighbors Maywood homeowner Joe Leichtnam spent some time recently trimming the shrubs, mowing the lawn and fixing the siding. Not at his house; at the empty house next door. It’s a small effort … Continue reading →

Come to NJ – Get Rich!

Posted on May 10, 2012 by grim
Posted in Economics, New Jersey Real Estate | 163 Comments

From the NYT: Memo to Would-Be Members of the 1%: Move to the Northeast or Mid-Atlantic Reaching for the American dream? Your best chances are probably in New York, New Jersey or Maryland. Those states are best at helping Americans … Continue reading →

Mixed bag for Jersey prices

Posted on May 9, 2012 by grim
Posted in Employment, Housing Recovery, New Jersey Real Estate | 144 Comments

From the APP: Home prices rise in half of U.S. cities, fall in NJ Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized. But in the region that includes Monmouth … Continue reading →

Otteau: Big jump for March contracts

Posted on April 28, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 76 Comments

From Otteau: NJ Home Sales Up 25% YTD (Click for graph) Home sales continued to surge in March as combined purchase-contracts for resales and new homes rose by 20% in March. YTD sales are now running 25% ahead of 2011 … Continue reading →

Property taxes are too damn high!

Posted on April 26, 2012 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 110 Comments

From the Philly Inquirer: Realtors’ group poll: Property taxes irk N.J. residents If you want to rile a New Jersey resident, two words will do it: property taxes. Most state residents — 89 percent of the 800 registered voters surveyed … Continue reading →

New Jersey loses jobs in March

Posted on April 20, 2012 by grim
Posted in Economics, New Jersey Real Estate | 129 Comments

From the Record: Loss of 8,600 NJ jobs clouds economic picture Optimism that New Jersey’s economy is on the rebound took a beating Thursday with the release of figures showing the state lost 8,600 jobs in March, the first decline … Continue reading →

Income or Property Tax Cut – Which would you prefer?

Posted on April 17, 2012 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 168 Comments

Editorial on NJ Property Taxes from the Philly Inquirer: N.J. needs property-tax relief, not income The one thing that seems to get otherwise rational New Jersey residents to foam at the mouth is the state’s punishing property-tax system. Property owners … Continue reading →

Surprise! Rents are high here too.

Posted on April 16, 2012 by grim
Posted in Economics, New Jersey Real Estate | 124 Comments

From the Press of Atlantic City: Rents in New Jersey the third-highest in the nation A new survey has found that state residents continue to pay some of the highest rents in America, making it difficult to afford an apartment … Continue reading →

Fed: April Beige Book

Posted on April 12, 2012 by grim
Posted in Economics, New Jersey Real Estate | 127 Comments

From the Federal Reserve: Beige Book – April 11, 2012 Second District–New York Growth in the Second District’s economy has picked up somewhat since the last report. Labor market conditions have been stable to slightly stronger in recent weeks, and … 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 →