Category Archives: New Jersey Real Estate

CoreLogic: December Home Prices

Posted on February 3, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 136 Comments

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fifth Consecutive Month-Over-Month Decline Home prices in the U.S. decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month … Continue reading →

NJ contracts continue to post positive prints

Posted on February 2, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate | 127 Comments

From the Otteau Group (no link): Home Sales Up in December Making it 7 of the Last 8 Months The New Jersey housing market continues to build momentum as it turned the corner into the new year. Combined purchase contracts … Continue reading →

Case Shiller: NY metro prices fall 2.3% in November

Posted on February 1, 2012 by grim
Posted in Economics, New Jersey Real Estate | 141 Comments

From the Record: Region’s home prices drop 2.3% Home prices in the New York metropolitan area, including North Jersey, dropped 2.3 percent in November, compared with a year earlier, the Standard & Poor’s Case-Shiller index reported Tuesday. Nationally, prices dropped … Continue reading →

Fed: NJ economy outpacing NYC

Posted on January 31, 2012 by grim
Posted in Economics, New Jersey Real Estate | 179 Comments

From the Record: NJs economy picks up as NYCs slows As New York State’s economic activity has leveled off, New Jersey’s has picked up — and the state job market is stronger than the unemployment rate of 9 percent suggests, … Continue reading →

Which gets cut: Income taxes or property taxes?

Posted on January 27, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 280 Comments

From Bloomberg: Christie Pushes Income-Tax Cut as Democrats Eye Property Levies Governor Chris Christie told a group of business leaders that Democrats in the Legislature may jeopardize New Jersey’s economic recovery by putting social issues ahead of job-creation and tax … Continue reading →

Where have all the foreclosures gone?

Posted on January 26, 2012 by grim
Posted in Foreclosures, New Jersey Real Estate | 140 Comments

From the Record: One in 12 N.J. home sales was a foreclosure in third quarter About one in every 12 New Jersey home sales in the third quarter of 2011 involved foreclosed properties — a steep drop from the previous … Continue reading →

NJ unemployment ticks down to 9 in December

Posted on January 19, 2012 by grim
Posted in Economics, New Jersey Real Estate | 121 Comments

From New Jersey Newsroom: N.J. jobless rate drops to 9%, lowest since May 2009 New Jersey’s unemployment rate in December dropped 0.1 percent to 9 percent, the lowest jobless rate in the state since May 2009, 31 months ago. And … Continue reading →

I’d like a tax cut, but can we afford it?

Posted on January 19, 2012 by grim
Posted in Economics, New Jersey Real Estate, Politics | 149 Comments

From the APP: Gov. Christie takes rosy look at state revenues By calling for a 10 percent income tax cut, Gov. Chris Christie must believe boom times are coming to state finances. Because with the scheduled increases for pension payments … Continue reading →

Bottoms Up?

Posted on January 18, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 188 Comments

From the WSJ: From Bottom Up, Signs of Housing Recovery After years of watching home prices slide, Claudia Ruggiero, a teacher in White Plains, was ready to strike. She and her husband Michael Johnson, also a teacher, had a 14-month-old … Continue reading →

The other New Jersey housing market

Posted on January 13, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 220 Comments

From the NY Times: Rural Areas Slower to Rebound FOR whatever reason, homes sales picked up in New Jersey in the latter part of 2011. A new statewide market report shows contract signings increased in six of the seven months … Continue reading →

January Beige Book

Posted on January 11, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 161 Comments

From the Federal Reserve: Beige Book – Second District–New York The Second District’s economy has grown at a somewhat faster pace since the last report, led by brisk holiday-season spending. Labor market conditions, as well as prices, have remained generally … Continue reading →

Additional info from the Corelogic November HPI

Posted on January 10, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate | 150 Comments

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fourth Consecutive Month-Over-Month Decline – Home Prices Down 4.3 Percent Year-Over-Year

2010 – Lowest property tax increases since 1992

Posted on January 9, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 135 Comments

From the Star Ledger: Special Report: Did N.J. property tax reform help most taxpayers? New Jersey homeowners paid an average of 2.4 percent more for property taxes in 2011, the smallest increase in nearly two decades, showing Gov. Chris Christie’s … Continue reading →

NJ downpayment size, 13.71%, highest in the nation

Posted on January 7, 2012 by grim
Posted in Economics, New Jersey Real Estate | 46 Comments

From the NY Times: State Leads Nation in Down-Payment Size BUYERS in New Jersey have the highest down-payment rate in the country, putting down an average 13.71 percent of the purchase price, according to a new report from LendingTree. That … Continue reading →

First National Bank of Mom and Dad drives Gen-X purchasing

Posted on January 4, 2012 by grim
Posted in Economics, New Jersey Real Estate | 184 Comments

From NJBIZ: In hurting market, first-time buyers depend on parents to secure a home New Jersey’s struggling housing market and high unemployment rate among the 25- to 34-year-old set have driven those who want to fulfill the American dream of … Continue reading →