Category Archives: New Jersey Real Estate

Foreclosure Do-Over

Posted on January 13, 2024 by grim

From NJ Monitor: Gov. Murphy signs new foreclosure protection program into law New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Risky Lending | 30 Comments

Philly still hot

Posted on January 12, 2024 by grim

From the Philly Business Journal: Philadelphia-area home prices rose at fastest pace in December since spring 2022 The end of 2023 didn’t bring any relief in median home prices in Greater Philadelphia, with the year’s largest price spike coming in … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, Philly | 72 Comments

You too can be a corporate raider

Posted on January 10, 2024 by grim

From NorthJersey.com: North Jersey home of legendary RJR Nabisco CEO on the market for $1.5 million After nearly 40 years, a Sparta estate once home to one of the most legendary CEOs of the era of excess, RJR Nabisco’s F. … Continue reading →

Posted in Employment, New Jersey Real Estate | 64 Comments

NJ Industrial On Fire

Posted on January 6, 2024 by grim

From ROI-NJ: C&W report: Industrial market records highest level of leasing in 2 years Cushman & Wakefield recently released its fourth-quarter 2023 industrial and office statistics for northern and central New Jersey, showing New Jersey’s industrial market recorded its highest level … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 47 Comments

Seems like a long shot

Posted on January 3, 2024 by grim

From NJ1015: NJ one of 3 states expected to see housing market crash in 2024 It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State. According … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 195 Comments

NJ Gets Coal for Christmas

Posted on December 28, 2023 by grim

From NJBIZ: NJ unemployment rate ticks up in November jobs report  Just before the holiday, the New Jersey Department of Labor and Workforce Development released the state’s November jobs report, which showed an increase of 4,100 jobs (3,100 in the private … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 120 Comments

Making Money

Posted on December 9, 2023 by grim

From CBS News: The U.S. states where homeowners gained — and lost — equity in 2023 For the millions of Americans who own their homes, their properties are typically their biggest source of wealth. The good news? Those assets have … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 121 Comments

Riskiest Markets

Posted on December 7, 2023 by grim

From Atom: Housing Markets Facing Greater Risk Of Downturns Clustered In California, New Jersey And Illinois ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 80 Comments

Inventory falls in Bergen, Morris, and Passaic

Posted on December 5, 2023 by grim

From NorthJersey.com: Market update: Three North Jersey counties saw an increase in home listings in November North Jersey’s real estate market saw a decrease in both new home listings and median listing prices during the month of November. Similarly, national … Continue reading →

Posted in New Jersey Real Estate | 80 Comments

Industrial is hot hot hot

Posted on November 21, 2023 by grim

From the Daily Record: Large East Hanover industrial park sells for whopping $217.5 million In what is being touted as New Jersey’s biggest industrial real estate deal of the year, 1.2 million square feet of light industrial space in East … Continue reading →

Posted in Economics, New Jersey Real Estate | 76 Comments

Where NJ makes it’s money

Posted on November 20, 2023 by grim

From Statista: Real value added to the gross domestic product of New Jersey in the United States in 2022, by industry 

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments

Better move fast

Posted on November 15, 2023 by grim

From NJ 1015: Homes are selling fastest in these two NJ counties It’s like a Six Flags Great Adventure ride that never ends. One without too many lows that keeps just bringing you higher and higher into the clouds. Well, … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 93 Comments

Are agents employees or contractors?

Posted on November 9, 2023 by grim

(Anyone have access to the full text?) Ain’t just a problem for Lyft and Uber. From Bloomberg Law News: Change in NJ Realty Agent Contractor Status Could Upend Industry The structure of New Jersey’s roughly 60,000-person real estate industry hung … Continue reading →

Posted in New Jersey Real Estate | 91 Comments

You pay extra for the ghosts in NJ

Posted on October 31, 2023 by grim

From WBGO: Selling a house in New Jersey? If it’s haunted, you better say so Haunted houses — they’re real — in real estate, that is. New York and New Jersey are two of only four states in the country, … Continue reading →

Posted in Humor, New Jersey Real Estate | 139 Comments

The best doesn’t come cheap

Posted on October 30, 2023 by grim

From Travel+Leisure: 10 Best Places to Live in New Jersey, According to Local Real Estate Experts Recreational and economic opportunities play a major role in choosing where to settle down. As one of the most business-friendly states in the nation, New Jersey’s economy … Continue reading →

Posted in Demographics, New Jersey Real Estate | 38 Comments