Category Archives: Politics

Good way to kill mortgage lending in NJ

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading

Posted in Foreclosures, New Jersey Real Estate, Politics | 83 Comments

NJ downtown at stake?

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Up or Down or Up or Down or Up or Down

From Marketwatch: Housing demand may keep market afloat, even if rates rise How will the housing market handle rising rates? Ever since the November election, when the unexpected Trump victory sent bond yields flying and mortgage rates following closely behind, … Continue reading

Posted in Demographics, Economics, National Real Estate, Politics, Risky Lending | 64 Comments

Regulations killing Atlantic City

From the Star Ledger: Casino bureaucracy Revels in red tape instead of fixing past mistakes in A.C.: Mulshine I was driving across the country a few years ago when I decided to get off the Interstate and try some local … Continue reading

Posted in Politics, Shore Real Estate | 22 Comments

So much for that FHA cut

From MarketWatch: Trump already suspends Obama-era FHA mortgage insurance cut The Federal Housing Administration will roll back a cut in mortgage insurance premiums announced just days earlier under outgoing Housing and Urban Development head Julian Castro, the government said Friday. … Continue reading

Posted in Mortgages, National Real Estate, Politics | 142 Comments

Bow to your municipal overlords

From the Star Ledger: Bamboozled: What’s wrong with some local N.J. governments? This. New Jersey is bloated with hundreds of little fiefdoms. Local governments allow red tape to rule the day, and they forget they’re supposed to serve their constituents. … Continue reading

Posted in New Jersey Real Estate, Politics | 68 Comments

Blue Horseshoe loves Ben Carson

From HousingWire: Housing industry rallies around Ben Carson for HUD secretary Do you remember that controversy about former presidential candidate and retired neurosurgeon Ben Carson being nominated as the next secretary for the U.S. Department of Housing and Urban Development? … Continue reading

Posted in Mortgages, National Real Estate, Politics | 22 Comments

A little bit easier to live (and die) in NJ

From Newsworks: New Jersey deploys tax changes for elderly and veterans in 2017 The legislation that raised New Jersey’s gas tax 23 cents in November also includes some tax cuts that have taken effect with the ringing in of 2017. … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 36 Comments

Cost of regulation holding back new home sales/construction?

From Seeking Alpha: Trumponomics In The Housing Market With the market soaring high on Trumponomics (the belief that Trump’s business experience will fix the country), we should take a look at some of the “unnecessary regulation” that might seem ripe … Continue reading

Posted in National Real Estate, New Development, Politics | 17 Comments

A Trump Housing Market

From the WSJ: Trump Win Makes It Tricky to Foresee Path of Housing Market Before the presidential election, economists anticipated the housing market would continue its steady recovery in 2017. Growth in home prices and sales likely would slow after … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, Politics | 39 Comments

Don’t get it, we don’t need the $180 million?

From the Star Ledger: Christie keeping income tax agreement with Pennsylvania Gov. Chris Christie announced Tuesday he will keep in place a decades-old agreement that allows New Jersey and Pennsylvania residents who work across state lines to pay income taxes … Continue reading

Posted in New Jersey Real Estate, Politics | 100 Comments

The Trump Housing Market – Up or Down?

From Forbes: How President Trump Could Affect The Value Of Your Home In July the U.S. Census Bureau announced that the homeownership rate in this country had hit its lowest level since the government began measuring the stat in 1965. … Continue reading

Posted in National Real Estate, Politics | 71 Comments

Open your wallets, someone needs to bail out Atlantic City

From the Morning Call: Will demise of North Jersey casinos bring $100 million in new building at Bethlehem Sands? While the rest of the country was transfixed by the presidential race, Sands Casino Resort Bethlehem officials kept one eye on … Continue reading

Posted in Politics, South Jersey Real Estate | 138 Comments

NJ Votes!

From the Star Ledger: N.J. votes to dedicate gas tax revenue to transportation projects New Jersey voters on Tuesday approved a constitutional amendment dedicating gas tax proceeds to transportation projects, locking in more than $1 billion a year in new … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 247 Comments

“Inner Cities” Thriving?

From Forbes: Trump May Think Inner Cities Are A Disaster, But Home Prices Tell Another Story Donald Trump mentioned “inner cities” 10 times in last night’s second presidential debate, using words like “disaster” and “devastating” to describe them. When neighborhoods … Continue reading

Posted in Economics, National Real Estate, Politics | 100 Comments