Monthly Archives: November 2013

Strong jobs report not so positive for housing

From CNBC: Stellar jobs report is downer for housing Employment is good for housing. No question. But it is just not as simple as that when it comes to today’s unique housing recovery. This recovery needs more construction, more jobs … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 84 Comments

Quite possibly the best deal you’ll ever see on a shore house

From the NYT: For Rent: Fixer-Uppers in a National Park The National Park Service put out an unusual for-rent sign last month: 35 historic buildings, including the genteel quarters of lieutenants and captains, at a wind-swept former Army base overlooking … Continue reading

Posted in New Development, Shore Real Estate | 15 Comments

NJ’s best quarter since the bust

From Jeff Otteau: NJ Home Prices Have Largest Quarterly Price Increase Since the Recovery Began The combined effects of increased home purchase demand and tight inventory levels is causing continuing home price increases in New Jersey. Median home prices in … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 77 Comments

Most expensive towns to buy a 4br home

From the Star Ledger: Where are the most expensive four-bedroom homes in N.J.? Looking for the most expensive four-bedroom homes in New Jersey? They’re in Stone Harbor. A survey by Madison-based Coldwell Banker Real Estate of more than 1,900 markets … Continue reading

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

NJ home prices just barely up from the bottom

From the Star Ledger: New Jersey home prices slowly returning to 2006 levels, study finds Home prices in New Jersey hit their peak in June 2006. More than seven years later, they still haven’t returned, but the gap is narrowing. … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 121 Comments

As if anyone needed a reason to be (or stay) here

From Movoto: 28 Reasons You Need To Move To New Jersey 1. Diners Are the Only Restaurants You Ever Need 2. Taylor Ham, Egg, and Cheese, Salt, Pepper, Ketchup on a Roll 3. You Know in Your Heart North Jersey … Continue reading

Posted in Humor | 117 Comments

Renters get new options

From the WSJ: New Homes Get Built With Renters in Mind More single-family homes across the nation are being built for renters, a shift that mirrors a steady decline in homeownership in the years since the housing bust. Until recently, … Continue reading

Posted in Economics, Housing Recovery, National Real Estate, New Development | 264 Comments

New Jersey Contracts – October 2013

Here it is! The first look at pending home sales (contracts) for Northern NJ. (Source GSMLS, except Bergen- NJMLS) October Pending Home Sales (Contracts) ——————————- Bergen County October 2011 – 549 October 2012 – 648 October 2013 – 735 (Up … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 86 Comments

People who can’t afford homes want homes

From HousingWire: A nation of renters? Not so, delinquent borrowers say. Report after report suggests that Americans have become wary of homeownership and prefer the lack of commitment that often accompanies renting. These reports leave readers with the distinct impression … Continue reading

Posted in Economics, Employment, Housing Recovery, Risky Lending | 135 Comments