Category Archives: New Jersey Real Estate

Let me guess, we’re going to pay for it.

From the Star Ledger: It’s ‘The Hub,’ and Murphy swears it will help make us a tech magnet It’s called “The Hub” — a redevelopment project in New Brunswick that Gov. Phil Murphy says will help realize his goal of … Continue reading

Posted in New Development, New Jersey Real Estate | 95 Comments

Roof and siding just got a little cheaper

From the Record: No permit required: That roofing and siding job just got cheaper in New Jersey Rules that took effect on Monday should have contractors in New Jersey raising the roof, since it’s no longer necessary to purchase a … Continue reading

Posted in New Development, New Jersey Real Estate | 117 Comments

Jersey’s pockets a little deeper

From Corelogic: CoreLogic Reports Homeowner Equity Increased by $908 Billion in 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth quarter of 2017, which shows that … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 38 Comments

NJ Lagging Job Recovery

From the Star Ledger: N.J. added 43K jobs in 2017. Here’s why that’s not such good news New Jersey added about 43,000 jobs in the private sector in 2017, about 18,000 less than 2016, according to data released by the … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 170 Comments

NJ 2017 Flip Rate – 6%

From NJ1015: WHY NJ HAS BECOME A HOT SPOT FOR FLIPPING HOUSES Flipped homes represented more than 6 percent of all New Jersey home sales in 2017. More than 7,500 one-family properties that exchanged hands last year already had a … Continue reading

Posted in New Development, New Jersey Real Estate | 130 Comments

Now *THIS* is a useful list

From the Star Ledger: N.J. has too many damn towns. Here are 25 that need to go. It’s almost spring cleaning season, fellow New Jerseyans, and it’s time we broached a familiar and heretofore unresolved issue in this crazy state: … Continue reading

Posted in Humor, New Jersey Real Estate | 116 Comments

Low taxes, but not really.

For most of these towns, there are some pretty sizable factors that keep taxes low, but are largely irrelevant for the rest of NJ. From the Star Ledger: Here are the 30 N.J. towns with the lowest property taxes Last … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 42 Comments

So they aren’t moochers?

From the APP: Don’t blame NJ’s high taxes on ‘Moocher states’: Malanga Last year’s federal tax reform act has prompted a lot of hand wringing and hyperbolic language from New Jersey officials over the loss of the state and local … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 37 Comments

NJ fights back on business taxes, then taxes business

From the Star Ledger: We’ve got sure-fire plan to save small businesses from Trump tax law, N.J. lawmakers say New Jersey lawmakers who are already offering up a scheme to save homeowners the state and property tax deduction gutted by … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 96 Comments

And they think this charitable contribution scheme has a chance?

From the Star Ledger: IRS action on prepaid property taxes slammed as ‘naked political payback’ against N.J. New Jersey Rep. Bill Pascrell Jr. and other Democrats on Monday accused the Internal Revenue Service of “naked political payback” for refusing to … Continue reading

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 84 Comments

Will transition to rentership put ownership even further out of reach?

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 92 Comments

Who is to blame?

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

Keep Manhattan, just give me that countryside

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Governor who?

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments