Category Archives: New Jersey Real Estate

March MLS Snapshot

Posted on April 10, 2012 by grim
Posted in Economics, New Jersey Real Estate | 147 Comments

(Source GSMLS, except Bergen which is NJMLS) Pending Home Sales (Contracts) ——————————- Bergen County March 2011 – 709 March 2012 – 815 (Up 15% YOY) Essex County March 2011 – 327 March 2012 – 452 (Up 38% YOY) Hunterdon County … Continue reading →

Hammers start to swing again

Posted on April 2, 2012 by grim
Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 107 Comments

From the Record: Home construction shows signs of life after long downturn From new luxury homes in Saddle River to town houses in Garfield to rentals in Fort Lee, Elmwood Park, Hackensack and Wood-Ridge, North Jersey is seeing small signs … Continue reading →

Too early for so much hope and optimism?

Posted on April 1, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 37 Comments

From the Star Ledger: Warm weather, improved economy bringing out homebuyers and sellers this spring In the real estate business, there is a budding sense of optimism these days. A warmer winter, a stronger sense of job security and a … Continue reading →

Poor not welcome in Short Hills

Posted on March 30, 2012 by grim
Posted in New Jersey Real Estate, Unrest | 139 Comments

Came across this opinion/letter to the editor piece this morning in the Daily Record. Not sure whether to cheer or be appalled, but I’m leaning towards the latter, mostly due to the fact that the writer lives in Short Hills, … Continue reading →

Otteau: “We are at a turning point in the housing market and the economy”

Posted on March 26, 2012 by grim
Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 139 Comments

From the Record: N.J. housing market recovering, appraiser says New Jersey’s housing market is recovering, and this spring’s home-selling season will be the liveliest in four years, appraiser Jeffrey Otteau said Monday. “We are at a turning point in the … Continue reading →

Appeal 2012!

Posted on March 26, 2012 by grim
Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 81 Comments

From the Record: North Jersey homeowners seek lower tax assessments (Hat tip Gary) Watching their property taxes rise as the value of their 82-year-old house dropped, Nora and Pat Sfarra of Teaneck decided to appeal their tax assessment last year. … Continue reading →

The New (Jersey) Suburbia?

Posted on March 24, 2012 by grim
Posted in Economics, New Development, New Jersey Real Estate | 36 Comments

From the NY Times: High Marks for Transit Hubs WANT to know which New Jersey train stations have the most plentiful supply of parking spaces relative to town population? There’s a list for that. Or what about stations in the … Continue reading →

Good start for employment in 2012, but quite a distance to go

Posted on March 23, 2012 by grim
Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 107 Comments

From the Star Ledger: New Jersey job figures show slow but steady growth, economists say During the first two months of 2012 alone, New Jersey created more than half the number of jobs it did during all of last year, … Continue reading →

Property taxes cuts too expensive to afford

Posted on March 12, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 251 Comments

From the Star Ledger: N.J. can’t afford tax cuts proposed by either party It’s party time in Trenton, where we now have a menu of tax-cut plans to choose from — one from Gov. Chris Christie, one from the Senate … Continue reading →

Anyone have the number for Roto-rooter?

Posted on March 9, 2012 by grim
Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments

From HousingWire: CoreLogic: Clogged foreclosure pipeline in Northeast slowing recovery Real estate data firm CoreLogic says recent employment growth, low mortgage rates and home affordability are signs of a breakthrough in the American economy. CoreLogic released its latest MarketPulse report, … Continue reading →

NJ Unemployment at 9% in January

Posted on March 8, 2012 by grim
Posted in Economics, Employment, New Jersey Real Estate | 17 Comments

From NJBIZ: N.J. unemployment flat at 9 percent While the state’s unemployment rate held the line at 9 percent in January, private-sector employment increased and job growth in 2011 outpaced job losses in 2010, according to a report issued today … Continue reading →

Fix’er-Uppers Dream

Posted on March 3, 2012 by grim
Posted in Economics, New Jersey Real Estate | 54 Comments

From the NY Times: ‘Rehab’ Loans to the Rescue AFTER months of searching for a mother-daughter home that they could afford in the Bergen County town where they were renting, Adrian and Rosanna Mercado came upon a Victorian with enough … Continue reading →

Big jump in contracts in January

Posted on February 29, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 252 Comments

From the Otteau Group (no link): NJ Home Sales Record 31% Increase in January Given the malaise in the housing market in recent years, a double digit increase in purchase demand is a big deal. What’s even more impressive is … Continue reading →

January pending home sales up 14.2% year-over-year in the Northeast

Posted on February 28, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 172 Comments

From Crain’s NY: Northeast, South lead US pending home resales The number of Americans signing contracts to buy previously owned homes rose more than forecast in January, indicating the industry that triggered the last recession is improving. The index of … Continue reading →

Affordability? Where?

Posted on February 27, 2012 by grim
Posted in Economics, Employment, New Jersey Real Estate | 129 Comments

From the Record: With incomes down and rents up, housing is less affordable Despite the recent drop in home prices, one-third of New Jersey’s working households struggle with severe housing costs, the Center for Housing Policy said Thursday. According to … Continue reading →