Category Archives: New Jersey Real Estate

Not a bad December for NJ real estate

From Otteau Group: MarketNEWS January 30, 2017 Edition In December, the number of contract purchases by homebuyers exceeded the same month in the prior year for the 28th consecutive month, reflecting a 4% increase over December 2015. Considering the 28% … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 104 Comments

Luring millennials with sushi

From the WSJ: Suburban Offices Woo Millennials With Food, Fitness and Fun Suburban landlords trying to compete with sleek urban office settings are finding new ways to step up their game. Property owners in New York’s suburbs are investing heavily … Continue reading

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

The Foreclosure State

From NJ Spotlight: New Jersey Still Bogged Down in Foreclosures While Rest of Country Recovering Housing markets have improved and foreclosure numbers dropped across the country since the Great Recession, but a decade on, New Jersey remains mired in a … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 43 Comments

NJ to get 200,000 new homes

From the WSJ: Court Orders N.J. Towns to Allow Affordable Housing New Jersey towns and cities must accommodate unmet affordable-housing needs, the state Supreme Court said Wednesday in a unanimous decision that could greatly expand housing options for the state’s … Continue reading

Posted in National Real Estate, New Jersey Real Estate | 139 Comments

Bow to your municipal overlords

From the Star Ledger: Bamboozled: What’s wrong with some local N.J. governments? This. New Jersey is bloated with hundreds of little fiefdoms. Local governments allow red tape to rule the day, and they forget they’re supposed to serve their constituents. … Continue reading

Posted in New Jersey Real Estate, Politics | 68 Comments

Foreclosure City

From the Press of Atlantic City: Foreclosures continue to plague housing market in Atlantic County To Dan Boddy, a veteran real estate agent based in Galloway Township, mortgage foreclosures aren’t just a key part of the Atlantic County housing market. … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 17 Comments

Upside for Jersey?

From Bloomberg: Brooklyn Home Sales Soar as Buyers Flee Manhattan Price Hype Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as … Continue reading

Posted in New Jersey Real Estate, NYC | 62 Comments

It’s not a problem if you ignore it

From NJ101.5: Will NJ’s foreclosure mess get cleared in 2017? Looking at 2016 as a whole, New Jersey performed horribly in the area of foreclosures. These in-limbo properties can have a drastic effect on the value of your home, and … Continue reading

Posted in Foreclosures, New Jersey Real Estate | 48 Comments

If you are reading this you missed the van

From NJBIZ: Are people staying in New Jersey? Study takes a look The prevailing conventional wisdom among those in the state is that New Jersey is losing residents faster than it can keep them. But, according to the 2016 Atlas … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 117 Comments

Lowball! Rivera Edition

From the Star Ledger: Geraldo Rivera sells Edgewater home for half initial list price: $1.8M Fox News personality Geraldo Rivera sold his his longtime Edgewater home for $1.8 million — less than half its original listing price of $3.75 million. … Continue reading

Posted in Lowball, New Jersey Real Estate | 48 Comments

A little bit easier to live (and die) in NJ

From Newsworks: New Jersey deploys tax changes for elderly and veterans in 2017 The legislation that raised New Jersey’s gas tax 23 cents in November also includes some tax cuts that have taken effect with the ringing in of 2017. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 36 Comments

Millennial FTB? Buy a 2 family.

From MarketWatch: Buying your first home? Consider a duplex… The best first home may be a multi-unit home, because having tenants pays off. Duplexes — a single building with separate units and entrances — are among the least popular homes … Continue reading

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

NJ Grows, NY/PA Shrink

From the Star Ledger: N.J.’s population rises, but New York and Pennsylvania lost residents New Jersey’s population has risen slightly as the Garden State is hanging on to its ranking as the 11th most populous state in the nation, according … Continue reading

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

Foreclosures rise in Bergen, fall in Passaic

From the Record: New Jersey leads nation in foreclosures New Jersey leads the nation in foreclosure activity, as the state continues to unwind the mortgages that went bad in the worst housing crash in decades. One in every 598 Garden … Continue reading

Posted in Foreclosures, New Jersey Real Estate, North Jersey Real Estate | 63 Comments

Lock them in their parents basement

from NJ101.5: How can NJ stop young adults from fleeing the state? As we wind down the end of 2016 and get set to ring in a brand new year, New Jersey faces a number of significant challenges. The state’s … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 109 Comments