Monthly Archives: April 2015

Who can afford to live at the shore?

From the Press of Atlantic City: Jersey Shore real estate becomes less attainable for young, working families When Daniel and Dana Smith bought their Ventnor Heights home in 2009, it was “a little rough around the edges.” There was an … Continue reading

Posted in Demographics, Economics, Housing Recovery, Shore Real Estate | 3 Comments

NY – Worst place to be a landlord

From Realtytrac: House Payments More Affordable Than Fair Market Rents in 76 Percent of U.S. Housing Markets According to County-Level Analysis Markets with lowest returns on residential rental properties Markets with the lowest potential annual gross rental yields for homes … Continue reading

Posted in Economics, New Jersey Real Estate, NYC | 38 Comments

What stigma of foreclosure?

From WSJ: After Foreclosures, Home Buyers Are Back The housing industry is slowly seeing the return of buyers like Rick LeBlanc, who lost his Michigan home to foreclosure during the financial crisis but now qualifies for a mortgage again. Mr. … Continue reading

Posted in Foreclosures, Housing Recovery, Risky Lending | 58 Comments

Will national home price growth slow in 2015?

From HousingWire: Second look: Home price surge unlikely to last CoreLogic’s (CLGX) report on Tuesday showed tepid monthly home price growth but a solid yearly growth of 5.6% for February. While it seemed to suggest that price growth shifted into … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, National Real Estate | 63 Comments

Low property taxes outside NJ? Think again

Watch the rest of the country catch up in real time, from Wallethub: Source: WalletHub

Posted in New Jersey Real Estate, Property Taxes | 117 Comments

“I did not think it would be this hard. I truly didn’t. I had no idea.”

From the Star Ledger: Federal jobs reports point to a rebounding labor market, though the unemployment rate remained at 5.5 percent in March. But the percentage of jobless residents out of work 27 weeks or more remains historically high. Nationally, … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 55 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

Montclair council votes to change government to fascist dictatorship

From the Patch: Montclair Debates ‘Redevelopment’ at Lackawanna Plaza he plan to redevelop Lackawanna Plaza marches ahead, but what the final vision will end up looking like is still up for debate. During a public workshop held on Monday, representatives … Continue reading

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

Low inventory due to underwater owners? Not quite.

One of the best pieces I’ve seen yet on the inventory issue. Brings up a host of topics that haven never really been brought to light. Too much to paste in so click the link for the details: Why is … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 136 Comments

January Case Shiller

From the Record: North Jersey home prices rise, still less than national average Home prices in the region ticked up 2.1 percent in the New York metropolitan area, including North Jersey, in the 12 months ended in January, the S&P/Case-Shiller … Continue reading

Posted in Housing Recovery, National Real Estate | 148 Comments