Category Archives: North Jersey Real Estate

That time when Vernon was cool, until it wasn’t.

From the Record: Remembering Hugh Hefner’s Great Gorge Playboy Club There was much excitement for miles around the North Jersey area when Hugh Hefner built and officially opened The Great Gorge Playboy Club in Vernon in 1972. Some were excited … Continue reading

Posted in New Jersey Real Estate, North Jersey Real Estate | 9 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

So much for Bergen…

From the Star Ledger: Less income and cheaper homes: How Bergen County has changed in a decade Bergen County residents are earning less, spending more time commuting to work and have seen their homes continue decrease in value – a … Continue reading

Posted in Demographics, Economics, Employment, North Jersey Real Estate | 50 Comments

NY Metro finally catching up?

From the Real Deal: Home prices in NY area climbed 5.1% year-over-year in August August prices for single-family homes in the New York metro area rose 5.1 percent compared to the same time last year, according to a new report … Continue reading

Posted in North Jersey Real Estate, NYC | 136 Comments

Good Riddance to the Hamilton Projects

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Population patterns in NJ showing urbanization shift

From the Record: Bergen County leads population growth trend, halts flow to other parts of N.J. A decades-long population shift from northeastern New Jersey to other parts of the state has come to an abrupt halt, with Bergen and Hudson … Continue reading

Posted in Demographics, Economics, Housing Recovery, North Jersey Real Estate, NYC | 33 Comments

Blame the blizzard … and the stock market

From the WSJ: U.S. Existing Home Sales Tumbled 7.1% in February Sales of previously owned homes sank in February, a sign that demand for housing could be cooling amid rising prices and low inventory. Sales fell 7.1% in February from … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, North Jersey Real Estate | 108 Comments

NYC/Philly – US Economic Powerhouse

I thought this was fitting, given the discussion about NYC/Philly GDP and US economic contribution:

Posted in Demographics, Economics, Employment, North Jersey Real Estate, NYC | 102 Comments

No Suburb Left Behind

From the WSJ, hat tip Chi: Casualty of Cities’ Resurgence: The Suburban Offices Left Behind Companies from General Electric to Weyerhaeuser are pulling their headquarters out of leafy suburban campuses and moving to downtown high-rises, giving cities an economic jolt. … Continue reading

Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 147 Comments

Just let Atlantic City fall into the sea

From the Record: Legislators advance competing measures to put approval of North Jersey casinos on ballot State Senate and Assembly committees each passed resolutions on Thursday designed to have voters statewide determine next fall whether to amend the state constitution … Continue reading

Posted in New Development, North Jersey Real Estate, Politics | 77 Comments

Warm up the bulldozers!

From the WSJ: Hudson River Rail Tunnel Project Takes Another Step Forward An emerging plan to dig two new Hudson River rail tunnels came into sharper focus on Wednesday as state and congressional leaders outlined a plan to fund and … Continue reading

Posted in Economics, Employment, North Jersey Real Estate | 64 Comments

Schumer’s Tunnel?

From REW: Hudson River tunnel project back on, says Schumer The Gateway Project, a plan to build a high-speed railway corridor under the Hudson River between New Jersey and New York, is back on. A day after Amtrak president Steven … Continue reading

Posted in New Development, North Jersey Real Estate, NYC | 83 Comments

No Spring for Sussex

From the New Jersey Herald: Foreclosures spur help for homeowners Faced with a foreclosure rate among the highest in the country, Sussex County officials took the first steps in a program designed to bring help to homeowners before the bank … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, North Jersey Real Estate | 22 Comments

Fleeced: $350k Ranch Renovation

Where did the money go? I just don’t see it. Spent $350k and the showpiece was an Ikea kitchen? The money went into fancy light fixtures? I just don’t see it. Sorry, but sounds like you were fleeeeced – From … Continue reading

Posted in New Development, North Jersey Real Estate | 20 Comments