Category Archives: New Jersey Real Estate

NJ Republicans vote to increase your taxes

From the Star Ledger: Senate Republicans just declared they want to kill your property tax deduction, New Jersey Senate Republicans just voted in favor of killing your property tax deduction, New Jersey. The GOP senators, whose states received $223 billion … Continue reading

Posted in Housing Recovery, New Jersey Real Estate, Property Taxes | 115 Comments

Bet the letters stop now…

From the Star Ledger: Judge throws out infamous Westfield ‘Watcher’ lawsuit A Superior Court judge on Wednesday dismissed the remaining counts of a civil lawsuit involving the infamous “Watcher” house, ending years of litigation about the Westfield home that gained … Continue reading

Posted in New Jersey Real Estate, Unrest | 69 Comments

Will big $$ make NJ more appealing?

From Bloomberg: Christie Backs Newark’s Amazon Bid With $7 Billion in Tax Breaks New Jersey Governor Chris Christie is seeking to deploy $7 billion in potential tax credits to lure Amazon.com Inc.’s planned second headquarters to Newark, which has been … Continue reading

Posted in Economics, New Development, New Jersey Real Estate, Politics | 186 Comments

Is it even possible to make NJ affordable?

From NJ Spotlight: RETHINKING NJ’S HOUSING MARKET TO MEETS NEEDS OF SUBURBANITES, CITY DWELLERS New Jersey’s next governor faces daunting housing problems that are widespread and complex, ranging from a lack of affordable homes in walkable communities to a glut … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 84 Comments

Where will Trump’s tax policy hurt most in NJ

From NJ Spotlight: INTERACTIVE MAP: TRACKING SALT DEDUCTIONS ACROSS THE STATE The loss of the federal income tax deduction for state and local taxes paid would mean a loss of about $21,500 in write-offs for the average New Jersey taxpayer. … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 119 Comments

Maybe we have a shot?

From the Star Ledger: Metro area including North Jersey is top contender for Amazon HQ2, firm says The metro area including North Jersey earned the top ranking among contenders seeking to become home to Amazon’s second headquarters and the potential … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 149 Comments

F*ck You New York Times

From the NYT: Jared Kushner’s Entitlement Is New Jersey Born and Bred Lots of explanations have been put forward as to why Mr. Kushner seems to operate as though the rules don’t apply to him. Perhaps there’s one more factor … Continue reading

Posted in New Jersey Real Estate, Politics, Unrest | 235 Comments

A manufacturing mecca again?

From the Star Ledger: How manufacturing jobs will come back to N.J. Is New Jersey’s manufacturing era forever behind us? Are the days when ceramics, glove molds, sinks and legendary Lenox china poured out of Trenton’s factories gone for good? … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 110 Comments

Otteau September Update

From Otteau Group: September MarketNEWS After declining by 7% in April, home purchase contracts in New Jersey have increased for four consecutive months. In August, the number of purchase contracts rose by 3% compared to the same month last year. … Continue reading

Posted in Economics, New Jersey Real Estate | 53 Comments

NJ’s “middle class” about to be slaughtered

From the APP: Trump tax plan kills key deductions, wallops NJ homeowners New Jersey taxpayers would lose key deductions under a proposal unveiled this week by President Donald Trump: property taxes and state income taxes, experts said. The tax reform … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 141 Comments

Newark is a surprisingly good fit

From Yahoo Finance: Why Newark could be perfect for Amazon’s new headquarters New York, San Francisco and Denver have all been heralded as the best city for Amazon’s new second headquarters, HQ2. But what about Newark? Yes, the city in … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 119 Comments

Does anyone really want Amazon?

From the Philly Inquirer: Beware, Philadelphia: Amazon could drive up housing prices When Amazon announced its search for a second North American headquarters, government officials, developers, and residents in cities nationwide embraced the prospect as decidedly good news. Including many … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Philly | 68 Comments

Best places to live in America

From Money via the Star Ledger: These 4 N.J. towns are ‘the best places to live in America’ (or so Money magazine says) MONEY magazine’s annual “Best Places to Live in America” list features four towns in New Jersey this … Continue reading

Posted in New Jersey Real Estate | 200 Comments

Noticing some extra room these days?

From the Star Ledger: Worry as Census says N.J.’s population shrank for the first time in years New Jersey may have lost population for the first time in a decade, new data shows, potentially imperiling economic growth and the number … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 63 Comments

NJ Income Jumps to #3 Nationwide

From the Star Ledger: N.J. shoots up the state income rankings, reverses depressing trend New Jersey households made $76,126 last year, a 4 percent growth over 2015, according to recently released Census data. The growth shot New Jersey from the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 145 Comments