Category Archives: New Jersey Real Estate

We can’t build anything anymore…

Posted on July 17, 2017 by grim

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading →

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

50 years later

Posted on July 12, 2017 by grim

From the Star Ledger: Race, riots and reputation: Has N.J.’s largest city recovered? To this day, you look at so many of the abandoned buildings, the light manufacturing, the old jewelry business, you walk around downtown, you still see the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

NJ’s Non-gentrified Urban Future

Posted on July 9, 2017 by grim

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

Better by 2018? Not likely.

Posted on July 7, 2017 by grim

From NJ Spotlight: NEW JERSEY’S ECONOMIC OUTLOOK FOR 2018 IS SO-SO, ACCOUNTANTS SAY Despite New Jersey’s solid year of job growth in 2016, a recent survey of the state’s certified public accountants suggests few of them believe economic conditions will … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 46 Comments

March 2019? Yeah, right.

Posted on June 30, 2017 by grim

From the Record: American Dream Meadowlands finalizes $2.8B in construction financing; work resumes A complex $2.8 billion closing on construction financing for American Dream Meadowlands was completed on Thursday, locking in the funds developers say they need to finish the … Continue reading →

Posted in New Development, New Jersey Real Estate | 90 Comments

Time for Newark

Posted on June 29, 2017 by grim

From the Commercial Observer: Five Reasons to Pay Attention to Newark Of all the commuter cities west of the Hudson River, Newark, N.J., gets the least respect from real estate professionals. Some of the reasons for this are understandable; Newark … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 50 Comments

May Otteau MarketNEWS

Posted on June 27, 2017 by grim

From Otteau Group: NJ Purchase Contracts Bounce Back in May After recording a 7% decline in April, home purchase contracts in New Jersey increased by 11% compared to the same month last year. Given the 9% increase during May of … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

King of the hill, top of the heap.

Posted on June 26, 2017 by grim

From the Star Ledger: Recent college grads are leaving N.J. in record numbers. Here’s why. The bed is on an elevated bunk. Below the bed is a desk, dressed with items from college: clothes, books and accessories. The floor is … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 52 Comments

Do so at your own peril

Posted on June 23, 2017 by grim

From the Record: Millennial generation shunning the suburbs for city life They want the bustle. They want the convenience. They want the diversity. In short, they want the city and not the suburbs – even after their children start school. … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 77 Comments

What Jersey Thinks

Posted on June 19, 2017 by grim

From the Star Ledger: Christie says N.J. economy is better. Here’s what voters think. Gov. Chris Christie has declared in recent months that New Jersey’s economy has vastly improved — but a new poll shows most voters aren’t feeling good … Continue reading →

Posted in Economics, New Jersey Real Estate | 84 Comments

Poof go the jobs?

Posted on June 16, 2017 by grim

From the Star Ledger: New Jersey lost 13,000 jobs in May New Jersey lost employers cut 14,000 private-sector jobs in May as the unemployment rate held steady at 4.1 percent. The state Department of Labor and Workforce Development reported a … Continue reading →

Posted in Employment, New Jersey Real Estate | 61 Comments

Still #1

Posted on June 13, 2017 by grim

From HousingWire: Foreclosure filings see slight uptick in May The number of foreclosure filings increased slightly in May, but they are still down significantly from the year before, according to ATTOM Data Solutions. Foreclosure filings in May increased to a … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 9 Comments

Ah the good old days

Posted on June 8, 2017 by grim

From NPR – All Things Considered: Before Silicon Valley, New Jersey Reigned As Nation’s Center Of Innovation People from New Jersey are used to defending their state. But, in fact, New Jersey has a history to brag about. Thomas Edison … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

When will the rest of Jersey follow?

Posted on June 1, 2017 by grim

From the Star Ledger: The 19 hottest real estate markets in N.J. are surging Time to separate the wheat from the chaff. New Jersey’s real estate market has been fairly fractured since the Great Recession ended in 2009. A slow … Continue reading →

Posted in Economics, New Jersey Real Estate | 108 Comments

Access = Prosperity

Posted on May 27, 2017 by grim

From the Star Ledger: What causes income inequality among similar N.J. towns? Railroads have historically been instrumental to human development by connecting economic centers and providing people with enhanced access to opportunities. New Jersey is no exception. In the 1830s, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 48 Comments