Monthly Archives: August 2015

Bergen County real estate won’t be the same

Bob Aman was a teacher to many, and for a very fortunate few, someone we could call a mentor. Bob, you’ll be truly missed. Robert “Bob” Santry, Sr., 87, of Ho-Ho-Kus, passed away Sunday, August 9th. Beloved husband of 61 … Continue reading

Posted in General | 9 Comments

Always knew there was something strange about you

From NJ 101.5: Whoa, N.J.: You sure are naked a lot Real Estate company Trulia partnered with Whisper — an online community in which participants share their thoughts anonymously — and found New Jerseyans are more likely to parade around … Continue reading

Posted in Humor, New Jersey Real Estate | 67 Comments

The Shift To Urban Core Continues

From HousingWire: Fitch: U.S. housing demand pendulum swinging back to city centers Amid stabilizing U.S. home price growth lies a demographic shift that is underway across much of the country, according to Fitch Ratings in its latest quarterly U.S. RMBS … Continue reading

Posted in Demographics, Housing Recovery, National Real Estate, New Development | 78 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

Housing market addicted to heroin?

From HousingWire: Can this sickly housing recovery survive without artificially low interest rates? Other metrics in housing may be showing worrying signs of a slowdown, but one thing is evident and that’s housing demand is continuing to strengthen. That’s a … Continue reading

Posted in Housing Recovery, Mortgages, National Real Estate | 69 Comments

Good time to stay put?

From HousingWire: Consumers don’t think it’s the right time to buy The percentage of consumers who believe it is a good time to buy dropped to 61%, an all-time survey low­, right as summer is about to come to a … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 58 Comments

Big ticket back in BC?

From the Record: Two houses in Alpine sell for more than $10 million Two large Alpine homes have sold for more than $10 million this summer — the priciest deals in Bergen County in more than a year, though the … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 38 Comments

Jobs Day

From MarketWatch: Here’s what to watch in the July jobs report Another round of solid hiring gains in July won’t guarantee that the Federal Reserve will raise interest rates next month — but a good number could set the oven … Continue reading

Posted in Economics, Housing Recovery | 47 Comments

Tax breaks working to bring new jobs?

From the Star Ledger: JP Morgan moving 2,150 jobs to Jersey City, report says JP Morgan Chase has formally decided to relocate 2,150 jobs from Manhattan to an office building here, according to reporting by The Wall Street Journal Wednesday. … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, NYC | 64 Comments

US Real Estate – 40 months of price increases

From HousingWire: CoreLogic: Home prices rose an amazing 6.5% annually in June Home prices nationwide, including distressed sales, increased by 6.5% in June 2015 compared with June 2014, according to the June 2015 CoreLogic Home Price Index. This change represents … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 82 Comments

NJ 2016 Outlook

From Joel Naroff at NJ Business: The Naroff Review Overview: “New Jersey’s slow economic recovery continues, but broadening job gains hold out hope that the expansion is starting to pick up steam.” While New Jersey didn’t get hurt quite as … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, New Jersey Real Estate | 75 Comments

Don’t you worry about those unintended consequences

From NJ Spotlight: REPORT: FORECLOSURES, EMPTY HOMES STILL DRAGGING DOWN NEWARK’S ECONOMY Baraka’s response – a plan for eminent-domain acquisition of inflated mortgages in two ‘model neighborhoods’ – may be needed citywide. A new report finds foreclosures and housing vacancies … Continue reading

Posted in Foreclosures, Housing Recovery, Mortgages, New Jersey Real Estate, Politics, Risky Lending | 145 Comments

Old people talking nonsense

From the Economist: Myths about millennials ONE of the perks of getting old is that you are allowed to talk nonsense about the young. Plato was said to have complained that young people “disrespect their elders” and “ignore the law”. … Continue reading

Posted in Demographics, Economics | 35 Comments

Shiller: Housing market not efficient enough to trust comps

From Robert Shiller in the NYT: The Housing Market Still Isn’t Rational Home prices have been climbing. They have risen 27 percent nationally since 2012, even more in places like San Francisco. But why worry? If you accept the efficient … Continue reading

Posted in Economics, National Real Estate | 16 Comments