Category Archives: New Jersey Real Estate

Clear to close? Think again.

From Inman: Ida flooding could jeopardize 47,000 home sales in NY and NJ Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions … Continue reading

Posted in Mortgages, New Jersey Real Estate, Risky Lending | 196 Comments

Great time to be a landlord in NJ

From the Record: Tangled relationship: Renters stop paying amid pandemic, forcing small landlords into bind Elena Walczyk had a buyer lined up to purchase the mobile home in Cape May County that she and her husband had rented out for years. But … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 147 Comments

What now for NJ unemployed?

From the Star Ledger: Murphy won’t say if N.J. will extend pandemic unemployment benefits, affecting 500K residents With approximately 500,000 New Jerseyans set to lose pandemic unemployment benefits after the first week of September, Gov. Phil Murphy won’t say if … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 216 Comments

Everything wrong with NJ, summed up.

From Jersey Digs: Orange City Council Ignores all Budget Cut Suggestions, Voting to Raise Property Taxes The Citizens Budget Advisory Committee (CBAC), a nine-member board comprised of local business professionals, opposed the 6.35 percent increase in the municipal budget, proposing … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 447 Comments

More bureaucracy? Why not!

From NJ Spotlight: Ongoing warehouse boom prompts renewed calls for broader regulation After new data showed New Jersey’s warehouse boom continues unabated, advocates renewed calls for state or regional control over where they can be built and for limits on … Continue reading

Posted in New Development, New Jersey Real Estate | 216 Comments

56,000 Pending Eviction Cases

From the Star Ledger: As eviction moratorium nears end, N.J. to begin settlement conferences for renters, landlords The first mandatory settlement conferences in more than 56,000 pending landlord-tenant cases will begin next week, nearly a year-and-a-half since a statewide eviction moratoriumbegan … Continue reading

Posted in Economics, New Jersey Real Estate | 155 Comments

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