Category Archives: New Jersey Real Estate

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

Montclair pretty much the most unequal place in NJ

Haven’t gotten a chance to post this one, but it needs to be posted. From the Star Ledger: How every town in N.J. rates on income inequality Despite what Montclair wants you to believe, outside of the typical wealth enclaves … Continue reading

Posted in New Jersey Real Estate | 69 Comments

So Close!

NY State on the verge of taking the #1 foreclosure spot:

Posted in Foreclosures, New Jersey Real Estate | 173 Comments

Christie kicks the can

From the Star Ledger: Christie signs bill to give Sandy victims some protection against foreclosure New Jersey homeowners facing foreclosure while they’re still trying to rebuild from Hurricane Sandy now can be protected from losing their homes. A bill signed … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 408 Comments

Think warm thoughts – shore rentals already up 33% YOY.

From the Philly Inquirer: The rush is already on for rentals at the Jersey Shore From the second-story deck of his aunt’s rental property near 20th and Central, real estate agent Bill Godfrey points out the ocean view a block … Continue reading

Posted in Economics, New Jersey Real Estate, Shore Real Estate | 54 Comments

Not a bad December for NJ real estate

From Otteau Group: MarketNEWS January 30, 2017 Edition In December, the number of contract purchases by homebuyers exceeded the same month in the prior year for the 28th consecutive month, reflecting a 4% increase over December 2015. Considering the 28% … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 104 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

The Foreclosure State

From NJ Spotlight: New Jersey Still Bogged Down in Foreclosures While Rest of Country Recovering Housing markets have improved and foreclosure numbers dropped across the country since the Great Recession, but a decade on, New Jersey remains mired in a … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 43 Comments

NJ to get 200,000 new homes

From the WSJ: Court Orders N.J. Towns to Allow Affordable Housing New Jersey towns and cities must accommodate unmet affordable-housing needs, the state Supreme Court said Wednesday in a unanimous decision that could greatly expand housing options for the state’s … Continue reading

Posted in National Real Estate, New Jersey Real Estate | 139 Comments

Bow to your municipal overlords

From the Star Ledger: Bamboozled: What’s wrong with some local N.J. governments? This. New Jersey is bloated with hundreds of little fiefdoms. Local governments allow red tape to rule the day, and they forget they’re supposed to serve their constituents. … Continue reading

Posted in New Jersey Real Estate, Politics | 68 Comments

Foreclosure City

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments

Upside for Jersey?

From Bloomberg: Brooklyn Home Sales Soar as Buyers Flee Manhattan Price Hype Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as … Continue reading

Posted in New Jersey Real Estate, NYC | 62 Comments

It’s not a problem if you ignore it

From NJ101.5: Will NJ’s foreclosure mess get cleared in 2017? Looking at 2016 as a whole, New Jersey performed horribly in the area of foreclosures. These in-limbo properties can have a drastic effect on the value of your home, and … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 48 Comments

If you are reading this you missed the van

From NJBIZ: Are people staying in New Jersey? Study takes a look The prevailing conventional wisdom among those in the state is that New Jersey is losing residents faster than it can keep them. But, according to the 2016 Atlas … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 117 Comments

Lowball! Rivera Edition

From the Star Ledger: Geraldo Rivera sells Edgewater home for half initial list price: $1.8M Fox News personality Geraldo Rivera sold his his longtime Edgewater home for $1.8 million — less than half its original listing price of $3.75 million. … Continue reading

Posted in Lowball, New Jersey Real Estate | 48 Comments