Category Archives: New Jersey Real Estate

First National Bank of Mom and Dad drives Gen-X purchasing

Posted on January 4, 2012 by grim
Posted in Economics, New Jersey Real Estate | 184 Comments

From NJBIZ: In hurting market, first-time buyers depend on parents to secure a home New Jersey’s struggling housing market and high unemployment rate among the 25- to 34-year-old set have driven those who want to fulfill the American dream of … Continue reading →

Being early to the spring market a good strategy for sellers

Posted on December 26, 2011 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 43 Comments

From the Star Ledger: In a down housing market, real estate agents get a head start now for a busy spring season It used to be real estate agents spent the slow winter months sending out calendars and working on … Continue reading →

Good News – Shadow inventory down, Bad News – It’s in our back yards

Posted on December 22, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 90 Comments

From Inman News: Shadow inventory down 16% from a year ago Lenders had a “shadow inventory” of 1.6 million distressed properties and repossessed homes they hadn’t yet put up for sale at the end of October, down 16 percent from … Continue reading →

“With only one month to go New Jersey is sure to record the largest annual gain in private sector employment in more than a decade”

Posted on December 15, 2011 by grim
Posted in Economics, New Jersey Real Estate | 163 Comments

From the AP: New Jersey added 10,400 private sector jobs in November Holiday hiring helped drive a gain of 10,400 private sector jobs as New Jersey’s unemployment rate remained unchanged at 9.1 percent in November. The state Labor Department says … Continue reading →

Mansions – Check, Mercedes – Check, Food Stamps … Check

Posted on December 15, 2011 by grim
Posted in Economics, New Jersey Real Estate | 166 Comments

From Bloomberg: New Jersey’s Richest County Leads Rise in Food Stamp Recipients New Jersey’s Hunterdon County, the hilly region of horse farms and weekend retreats where last year’s median household income was almost $100,000, is a surprising new face of … Continue reading →

Jersey’s got the highest down payments in the nation

Posted on December 13, 2011 by grim
Posted in Economics, New Jersey Real Estate | 165 Comments

From New Jersey Newsroom: N.J. tops housing market with highest average mortgage down payment Out of all 50 states, New Jersey has the highest average down payment on real estate purchases, according to a new report published by LendingTree.com, an … Continue reading →

Et tu Pru?

Posted on December 8, 2011 by grim
Posted in Economics, New Jersey Real Estate | 91 Comments

From the Star Ledger: Prudential sells residential real estate division to Toronto-based company Prudential Financial is ending a more than two decade foray into the residential real estate business with yesterday’s sale of its realty brokerage and relocation services unit … Continue reading →

US Bank vs Guillaume – Serious legal issue or nitpicking over a irrelevant detail?

Posted on December 6, 2011 by grim
Posted in Foreclosures, National Real Estate, New Jersey Real Estate | 79 Comments

From HousingWire: New Jersey foreclosures wait in the wings as court deliberates key case Hundreds of New Jersey foreclosure cases are waiting in the wings for the state’s Supreme Court to issue what will be a landmark decision in the … Continue reading →

No recession in the Hudson rental market

Posted on December 5, 2011 by grim
Posted in Economics, New Jersey Real Estate | 94 Comments

From the Jersey Journal: Hudson County’s rents shoot up an average of 7.2 percent in 2011 The average asking rent for an available apartment in Hudson County has shot up 7.2 percent over the past year, with some luxury buildings … Continue reading →

Farmland assessment must be fixed

Posted on December 2, 2011 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 202 Comments

The fix is simple, adjust the $500 minimum requirement (in 1964 dollars) for inflation, and ensure it adjusts for inflation every year going forward. $500 was a significant sum … in 1964 when the original law was passed. Had the … Continue reading →

Strong showing for October pending sales

Posted on December 1, 2011 by grim
Posted in Housing Recovery, New Jersey Real Estate | 96 Comments

From HousingWire: NAR pending home sales surge in October Pending home sales soared more than 10% in October and remain above year-ago levels, in a hopeful sign for the nation’s housing market, according to the National Association of Realtors. NAR’s … Continue reading →

Town Mergers – Elegant solution or are we the suckers?

Posted on November 23, 2011 by grim
Posted in Economics, New Jersey Real Estate, Property Taxes | 155 Comments

From the APP: Gov: Mergers can help towns save tax dollars Gov. Chris Christie threw state support behind the successful effort to consolidate the Princetons into one town, but said he is not sure how many more town mergers are … Continue reading →

Under Pressure

Posted on November 20, 2011 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 29 Comments

Pressure pushing down on me Pressing down on you no man ask for Under pressure – that burns a building down Splits a family in two Puts people on streets It’s the terror of knowing What this world is about … Continue reading →

NJ Unemployment Falls to 9.1%, 2,500 net jobs created in October

Posted on November 18, 2011 by grim
Posted in Economics, New Jersey Real Estate | 99 Comments

From the Star Ledger: NJ unemployment falls and jobs increase as state shares in slowly growing U.S. economy New Jersey’s unemployment rate dropped to 9.1 percent last month as private businesses added 4,000 jobs, state officials announced today. It was … Continue reading →

Who matters more? Rich or poor?

Posted on November 15, 2011 by grim
Posted in Economics, New Jersey Real Estate | 120 Comments

From Bloomberg: NJ Taxes Cause Rich People to Move, Economist Says New Jersey’s high taxes drive out wealthy residents, slowing the state’s recovery, said Charles Steindel, the state treasury department’s chief economist. Property, income and estate taxes are the top … Continue reading →