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Monthly Archives: April 2010
Bend Over NJ
From Bloomberg: Christie’s Cuts May Push N.J. Property Tax Up 8% New Jersey property tax bills, the highest in the U.S., may rise an average of $600 to make up for Governor Chris Christie’s proposed cuts in school and municipal … Continue reading
Posted in New Jersey Real Estate, Property Taxes
540 Comments
Hank Paulson hasn’t heard about the real estate crash
From the WSJ: Paulson’s $4.6 Million D.C. Crib Hits the Market Former Treasury Secretary Henry Paulson is asking $4.6 million for his three-bedroom house in Washington, D.C. The former Goldman Sachs CEO, who defends the bailout of Wall Street in … Continue reading
Posted in Lowball, National Real Estate
502 Comments
Small is the new black
From the Star Ledger: Homebuilders have a new mantra: Small will sell The pair of new houses that sit at the top of Truman Place off Route 1 in NorthBrunswick fit right in with the upscale style that has dominated … Continue reading
Posted in New Development, New Jersey Real Estate
331 Comments
Happy days are here again!
From the APP Opinion Page: Recession over? For whom? There’s a reason why the number of economist jokes seems to rival the number of lawyer jokes. Economists are in the habit of making pronouncements that are so far removed from … Continue reading
Posted in Economics, New Jersey Real Estate
315 Comments
With or without it
From the Record: Tax break draws first-time buyers Maryeth and Andres Valle of Cliffside Park figured they’d buy a condo at the end of this year — until they realized that if they signed a contract by April 30, they … Continue reading
Posted in Economics, New Jersey Real Estate
402 Comments
Weekend Open Discussion
This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading
Posted in General
546 Comments
March Existing Home Sales
From the AP: Home sales expected to rise in March Home sales are expected to rise 5.2 percent in March, reversing three months of declines, as government incentives juiced the housing market and kicked off what’s expected to be a … Continue reading
Posted in Economics, National Real Estate
403 Comments
“The West Orange Line”
From the Star Ledger: Take my house, please: Property taxes crushing residents in towns like West Orange Rosary Morelli has been living in West Orange since 1963. To hear her tell it, she’ll be lucky to get out alive. “I … Continue reading
Posted in New Jersey Real Estate, Property Taxes
282 Comments
Pay up, suckers.
From the NYT: N.J. Voters Asked to Pay More for Less at Schools School budget talks have become so contentious in this township that 700 people recently packed a school board meeting — and 100 of them stayed more than … Continue reading
Posted in New Jersey Real Estate, Property Taxes
600 Comments
Positive Equity … in 2017
From the NYT: Forecasts for Underwater Owners FOR the New York City area’s underwater homeowners – that is, those whose mortgage debt exceeds the value of their homes – this could be a very long decade. According to a report … Continue reading
Posted in Economics, Housing Bubble, New Jersey Real Estate
495 Comments
Weekend Open Discussion
This is the time and place to post observations about your local areas, comments on news stories or the New Jersey housing market, open house reports, etc. If you have any questions you wanted to ask earlier in the week … Continue reading
Posted in General
667 Comments
Cheap Nompounds go Mainstream (huh?)
From the NY Times: Happily Settling for a More Modest Country Getaway BUYERS looking for a country house in the Hudson Valley or the Catskills in New York State have settled on a more modest ideal: between $200,000 and $250,000 … Continue reading
Posted in Humor, National Real Estate
428 Comments
72% of Americans believe now is a good time to buy
From Gallup: Most Americans See Home Prices Stable or Rising Lower but stabilizing home prices combined with continued low mortgage interest rates have persuaded 72% of Americans that now is a “good time” to buy a house — essentially the … Continue reading
Posted in Economics, National Real Estate
352 Comments
How sure are we that it “won’t get any worse”?
From the Star Ledger: Housing experts predict a bumpy road back Coming off one of the worst years for real estate since the Great Depression, most developers say the housing landscape still looks rocky. An inevitable rise in historically low … Continue reading
Posted in Economics, Housing Bubble, New Jersey Real Estate
422 Comments
Living Small
Not an econ or markets piece, but I have a soft spot for living small (and well)… From the Record: Web hed: On a tiny lot in Jersey City, architects create an affordable, sustainable house (click for pics) Hired to … Continue reading
Posted in New Development, New Jersey Real Estate
460 Comments