Category Archives: New Jersey Real Estate

Good way to kill mortgage lending in NJ

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 37 Comments

NJ’s Losers

From the Star Ledger: The 20 fastest-shrinking towns in New Jersey New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades. The large … Continue reading

Posted in Demographics, New Jersey Real Estate | 81 Comments

The year of the ‘burbs?

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 87 Comments

NJ Comeback?

From the Record: N.J. job growth last year best since 2000 New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics. The gains continued into the … Continue reading

Posted in Economics, New Jersey Real Estate | 29 Comments

Rent or Buy – Too Simple?

From NJ101.5: Should you buy or rent? A county-by-county list for NJ To make that decision a bit easier, real estate database ATTOM Data Solutions has released a report that breaks down the math in New Jersey’s housing markets and … Continue reading

Posted in Economics, New Jersey Real Estate | 49 Comments

7.4% of NJ households are millionaires

From the Star Ledger: The number of N.J. millionaires growing, study finds New Jersey leaped over Hawaii last year to become the U.S. state with the third-highest number of millionaires. The Garden State’s wealth and incomes are among the highest … Continue reading

Posted in Economics, New Jersey Real Estate | 25 Comments

NJ downtown at stake?

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Ruining your Friday

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

NJ’s real estate market off to a good start in 2017

From the Otteau Group: NJ Home Sales Remain Strong in 2017 In January, the number of contract purchases by home buyers exceeded the same month in the prior year for the 29th consecutive month, reflecting a 14% increase over January … Continue reading

Posted in Economics, New Jersey Real Estate | 246 Comments

Has the time come for Newark’s revival?

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments

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