Category Archives: New Jersey Real Estate

Step away for a minute and the world goes to shit

Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again. Totally get … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Unrest | 225 Comments

End of the NJ HQ?

From the Star Ledger: N.J. could force employers to pay severance to laid-off workers Stirred by the plight of New Jersey Toys “R” Us workers who lost their jobs when the Wayne-based retailed filed for bankruptcy and shuttered stores across … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 79 Comments

Business growing in NJ?

From GlobeSt: Northern NJ Office Market Showing Improvement Heading into 2020 The Northern New Jersey office market showed signs of stability and improvement at the end of 2019 positing positive net absorption, lower availability and higher asking rents, according to … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 113 Comments

The Exodus

From CNBC: People couldn’t wait to leave this state in 2019 Blame it on brutal winters, high taxes or the New Jersey Turnpike: The Garden State is the last place where people want to be. More than two-thirds of all … Continue reading

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 114 Comments

NJ Minimum Wage Increasing 10%

Should be interesting given that 6 months ago, minimum wage in NJ was $8.85. On January 1st, it will move to $11 an hour – roughly a 25% increase from a year ago, which would put NJ at the top … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 51 Comments

SALT Cap not long for this world?

From CNBC: House passes bill to lift $10,000 cap on state and local tax deductions The Democratic-controlled House passed a bill on Thursday that would do away with the $10,000 limit on the itemized deduction for state and local taxes … Continue reading

Posted in National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 46 Comments

Idiots in Trenton

From the Star Ledger: High-cost, high-tax New Jersey is no place for old men – or old women You might have seen that Fairleigh Dickinson poll released last week in which a sample of New Jersey residents were asked, “Are you considering … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 190 Comments

NJ adds jobs in Oct – unemployment up to 3.2

From InsiderNJ: NJDOL: New Jersey Payrolls Grow in October Hiring by New Jersey employers picked up in October while New Jersey’s unemployment rate edged higher for the month, according to estimates produced by the U.S. Bureau of Labor Statistics. Total … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 76 Comments

What could possibly go wrong?

From the Star Ledger: Murphy pushes taxpayer-funded bank for N.J. No state has done that in a century.  Gov. Phil Murphy on Wednesday took the first steps to make New Jersey the first state in a century to open a state-owned bank. … Continue reading

Posted in New Jersey Real Estate, Politics, Where's the Beef? | 116 Comments

Democrats lose NJ

From the Star Ledger: How Gov. Murphy helped Republicans win Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races. “Did Murphy … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 144 Comments

Great market! Everywhere but here.

From Forbes: Home Prices Jump In 95% Of Cities, Reaching Record High  Home prices have hit a new high. According to stats from ATTOM Data Solutions, median home prices jumped 2.9% over the third quarter of 2019 and 8.2% since … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 26 Comments

NJ UE 3.1%

From NJBIZ: NJ unemployment dips again in September While job levels remained relatively unchanged, the state’s unemployment rate continued its downward trend for the sixth month in a row. September’s 3.1 percent rate marked a 0.1 percentage point drop – … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Hey New Jersey – Trump didn’t do anything to your home values

From Patch: Don’t Blame Trump Tax Cuts For Essex County Home Values: Opinion  Is President Donald Trump responsible for home values in Essex County? Point the finger somewhere else, some local residents say. Recently, ProPublica and Fortune released a list … Continue reading

Posted in Demographics, Economics, Employment, Humor, New Jersey Real Estate | 123 Comments

Poverty falls in NJ

From NJ Spotlight: Poverty in New Jersey in 2018 by County The percentage of New Jerseyans living in poverty last year dropped below 10% for the first time this decade, although the proportion of the state’s residents who are considered … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

Hey New Jersey – Here’s what Trump did to your home values

From ProPublica: Trump’s Trillion-Dollar Hit to Homeowners

Posted in Economics, National Real Estate, New Jersey Real Estate, Politics, Property Taxes | 45 Comments