Category Archives: New Jersey Real Estate

Pay Up Jersey City – Just like the rest of us

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

17,500 jobs … poof

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 64 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

JC overtakes Hoboken?

Really interesting piece over at Jersey Digs: In 2016, Downtown Jersey City Real Estate Proved The Better Bet Over Hoboken When Pure Properties released their last quarterly market report in January, it was the first time that Downtown Jersey City … Continue reading

Posted in Gold Coast, New Jersey Real Estate | 103 Comments

Local realtors: It’s a great time to sell … and buy!

From NJ1015: Demand for housing in New Jersey on the rise — It’s a seller’s market The New Jersey housing market, which has been depressed since the Great Recession, is showing signs of firing up. According to Rob Dekanski, a … Continue reading

Posted in Economics, New Jersey Real Estate | 47 Comments

Going to be a good year for NJ real estate

From the Otteau Group: NJ Home Sales Showing More Balance In February, the number of contract purchases by home buyers exceeded the same month in the prior year for the 30th consecutive month, reflecting an 8% increase over February 2016. … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 78 Comments

Healthy Shmealthy

From CNBC: Here are the nation’s healthiest—and unhealthiest—housing markets Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping for their own homes or for investment … Continue reading

Posted in Economics, New Jersey Real Estate | 51 Comments

Why not put it on the ballot?

From the Star Ledger: On property taxes, it’s time for a little initiative – and referendum | Mulshine When you picked up your Star-Ledger on Monday, you no doubt noticed a front-page article by Jonathan Salant headlined “Jersey by the … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 137 Comments

NJ Unemployment falls to 4.4%

From NJ Biz: N.J. added over 12k jobs in February, new report says New Jersey added 12,600 total nonfarm jobs last month and saw its unemployment rate tick down slightly to 4.4 percent, according to a report released Thursday by … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 45 Comments

Good way to kill mortgage lending in NJ

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 81 Comments

NJ’s Losers

From the Star Ledger: The 20 fastest-shrinking towns in New Jersey New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades. The large … Continue reading

Posted in Demographics, New Jersey Real Estate | 81 Comments

The year of the ‘burbs?

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 87 Comments

NJ Comeback?

From the Record: N.J. job growth last year best since 2000 New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics. The gains continued into the … Continue reading

Posted in Economics, New Jersey Real Estate | 29 Comments

Rent or Buy – Too Simple?

From NJ101.5: Should you buy or rent? A county-by-county list for NJ To make that decision a bit easier, real estate database ATTOM Data Solutions has released a report that breaks down the math in New Jersey’s housing markets and … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

7.4% of NJ households are millionaires

From the Star Ledger: The number of N.J. millionaires growing, study finds New Jersey leaped over Hawaii last year to become the U.S. state with the third-highest number of millionaires. The Garden State’s wealth and incomes are among the highest … Continue reading

Posted in Economics, New Jersey Real Estate | 25 Comments