Category Archives: New Jersey Real Estate

Stop with the gimmicks and cut the price

Posted on February 11, 2012 by grim
Posted in New Jersey Real Estate | 52 Comments

From the NY Times: Going Beyond Price Cuts A PERSISTENT recession in house sales has led to a surge in “concessions” for buyers. In listings and brochures, and most recently through a program started up on Zillow.com, real estate agents … Continue reading →

What’s our cut of the settlement?

Posted on February 9, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate, Politics, Risky Lending | 117 Comments

From the Daily Record: NJ gets $837.7M in nationwide mortgage and foreclosure settlement New Jersey’s share of the $25 billion mortgage settlement announced Thursday is expected to bring financial relief to at least some of the state’s homeowners who are … Continue reading →

Thursday Morning Grim

Posted on February 9, 2012 by grim
Posted in Foreclosures, Housing Bubble, New Jersey Real Estate, Risky Lending | 171 Comments

From CNBC (via Business Insider): New York Housing Market Could Still Collapse: Analyst There’s been a lot of talk recently about home prices reaching a bottom. Most notably, Bill McBride at Calculated Risk — perhaps the most respected housing market … Continue reading →

Taxes taxes and more taxes

Posted on February 8, 2012 by grim
Posted in New Jersey Real Estate, Property Taxes | 118 Comments

From the Daily Record: Property taxes in N.J. rise 2.4 percent despite state-imposed cap New Jersey’s highest-in-the-nation property taxes continued to rise in 2011, although at a slower rate than in previous years, according to figures released by the state … Continue reading →

CoreLogic: December Home Prices

Posted on February 3, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 183 Comments

From CoreLogic (no link): CoreLogic® Home Price Index Shows Fifth Consecutive Month-Over-Month Decline Home prices in the U.S. decreased 1.4 percent on a month-over-month basis, the fifth consecutive monthly decline. However, the HPI excluding distressed sales posted its first month-over-month … Continue reading →

NJ contracts continue to post positive prints

Posted on February 2, 2012 by grim
Posted in Housing Recovery, New Jersey Real Estate | 130 Comments

From the Otteau Group (no link): Home Sales Up in December Making it 7 of the Last 8 Months The New Jersey housing market continues to build momentum as it turned the corner into the new year. Combined purchase contracts … Continue reading →

Case Shiller: NY metro prices fall 2.3% in November

Posted on February 1, 2012 by grim
Posted in Economics, New Jersey Real Estate | 141 Comments

From the Record: Region’s home prices drop 2.3% Home prices in the New York metropolitan area, including North Jersey, dropped 2.3 percent in November, compared with a year earlier, the Standard & Poor’s Case-Shiller index reported Tuesday. Nationally, prices dropped … Continue reading →

Fed: NJ economy outpacing NYC

Posted on January 31, 2012 by grim
Posted in Economics, New Jersey Real Estate | 180 Comments

From the Record: NJs economy picks up as NYCs slows As New York State’s economic activity has leveled off, New Jersey’s has picked up — and the state job market is stronger than the unemployment rate of 9 percent suggests, … Continue reading →

Which gets cut: Income taxes or property taxes?

Posted on January 27, 2012 by grim
Posted in New Jersey Real Estate, Politics, Property Taxes | 280 Comments

From Bloomberg: Christie Pushes Income-Tax Cut as Democrats Eye Property Levies Governor Chris Christie told a group of business leaders that Democrats in the Legislature may jeopardize New Jersey’s economic recovery by putting social issues ahead of job-creation and tax … Continue reading →

Where have all the foreclosures gone?

Posted on January 26, 2012 by grim
Posted in Foreclosures, New Jersey Real Estate | 140 Comments

From the Record: One in 12 N.J. home sales was a foreclosure in third quarter About one in every 12 New Jersey home sales in the third quarter of 2011 involved foreclosed properties — a steep drop from the previous … Continue reading →

NJ unemployment ticks down to 9 in December

Posted on January 19, 2012 by grim
Posted in Economics, New Jersey Real Estate | 121 Comments

From New Jersey Newsroom: N.J. jobless rate drops to 9%, lowest since May 2009 New Jersey’s unemployment rate in December dropped 0.1 percent to 9 percent, the lowest jobless rate in the state since May 2009, 31 months ago. And … Continue reading →

I’d like a tax cut, but can we afford it?

Posted on January 19, 2012 by grim
Posted in Economics, New Jersey Real Estate, Politics | 149 Comments

From the APP: Gov. Christie takes rosy look at state revenues By calling for a 10 percent income tax cut, Gov. Chris Christie must believe boom times are coming to state finances. Because with the scheduled increases for pension payments … Continue reading →

Bottoms Up?

Posted on January 18, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 188 Comments

From the WSJ: From Bottom Up, Signs of Housing Recovery After years of watching home prices slide, Claudia Ruggiero, a teacher in White Plains, was ready to strike. She and her husband Michael Johnson, also a teacher, had a 14-month-old … Continue reading →

The other New Jersey housing market

Posted on January 13, 2012 by grim
Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate | 220 Comments

From the NY Times: Rural Areas Slower to Rebound FOR whatever reason, homes sales picked up in New Jersey in the latter part of 2011. A new statewide market report shows contract signings increased in six of the seven months … Continue reading →

January Beige Book

Posted on January 11, 2012 by grim
Posted in Economics, Housing Recovery, New Jersey Real Estate | 161 Comments

From the Federal Reserve: Beige Book – Second District–New York The Second District’s economy has grown at a somewhat faster pace since the last report, led by brisk holiday-season spending. Labor market conditions, as well as prices, have remained generally … Continue reading →