Category Archives: New Jersey Real Estate

Big Spender

From the Star Ledger: $170M Bayfront plan given final OK by Jersey City council A $170 million plan that city officials say will give them more control over the redevelopment of a formerly contaminated swath of waterfront land cleared a … Continue reading

Posted in Gold Coast, New Development, New Jersey Real Estate, Politics | 33 Comments

Can NJ buy it’s way into a startup economy?

From the Star Ledger: Murphy’s risky plan to spark Jersey’s sagging economy Is New Jersey’s government smart enough to invest $250 million in venture capital projects, and come out a winner? Should a government that is not competent to run … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

Murphy taxes online sales

From InsiderNJ: Now Law: Burzichelli & Moriarty Bill to Require Marketplace Facilitators & Certain Remote Sellers to Pay NJ Sales Tax Legislation sponsored by Assemblymen John Burzichelli and Paul Moriarty to ensure a level playing field between brick-and-mortar businesses and … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 128 Comments

Rent a shore house, pay a new tax, unless you use a realtor

One of the most disgusting pieces of protectionist legislation I’ve ever seen. From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 38 Comments

Otteau: September Update

From the Otteau Group: September MarketNews Home purchase contracts in New Jersey declined in August by 2% compared to the same month last year. Almost half of the markets in NJ have seen a decline in the pace of home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 120 Comments

Foreclosure problem, or borrowing problem?

From MarketWatch: A decade after the housing crisis, foreclosures still haunt homeowners Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate | 98 Comments

Home rule crippling NJ’s future

From NJ Spotlight: THE CHALLENGE FACING NEW JERSEY’S SUBURBS: ‘ADAPT IN ORDER TO SURVIVE’ Could suburban communities really empty out if officials don’t plan better to meet the demand for vibrant, walkable neighborhoods? If recent population settlement patterns continue, and … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 118 Comments

Good thing it never rains in NJ

From WHYY: New Jersey unprepared for next economic downturn, say ratings agencies Ten years after the Great Recession, more and more states are bulking up their financial reserves to prepare for another economic downturn. But not the Garden State. According … Continue reading

Posted in Economics, New Jersey Real Estate | 74 Comments

We’re #1! In flipped properties.

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading

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

NJ economic growth at 18 year high

From Bloomberg: New Jersey’s Economy Gains, Still Lags New York: NY Fed Data The Garden State is growing. New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has … Continue reading

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

Fighting against the “look” of urbanism

It’s ok, it’s less ‘urban’ if we make it look like a completely fake “farm”. From the Record: Montvale Planning Board members call plans for Mercedes-Benz site ‘too urban’ The housing and shopping center design for the former Mercedes-Benz headquarters … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 48 Comments

More like “Land of the Lost”

From ROI-NJ: Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’ Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 72 Comments

Sky is the limit for NJ … taxes

From the Record: Analysis: NJ economic growth won’t sustain Murphy’s agenda, adding pressure to raise taxes Fresh off striking a budget deal that included $1.6 billion in new taxes, Gov. Phil Murphy said he was banking on strong economic growth … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 36 Comments

August Otteau Report

From Otteau Group: MarketNEWS August 2018 Edition The number of home purchase contracts in New Jersey increased by 4% during July compared to the same month last year. There has however been a noticeable change in the mood of the … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

Who does this?

From the Star Ledger: ‘My Lowe’s contractor doesn’t care, and Lowe’s doesn’t either,’ homeowner claims When CherylAnne and Mike Amendola decided to expand and renovate the kitchen in their Lincoln Park home, they knew it would be a big job. … Continue reading

Posted in New Development, New Jersey Real Estate | 81 Comments