Monthly Archives: August 2015

Bergen County real estate won’t be the same

Posted on August 15, 2015 by grim

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

Posted on August 14, 2015 by grim

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 | 69 Comments

The Shift To Urban Core Continues

Posted on August 13, 2015 by grim

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?

Posted on August 12, 2015 by grim

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 | 84 Comments

Housing market addicted to heroin?

Posted on August 11, 2015 by grim

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?

Posted on August 10, 2015 by grim

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?

Posted on August 8, 2015 by grim

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 | 40 Comments

Jobs Day

Posted on August 7, 2015 by grim

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 | 49 Comments

Tax breaks working to bring new jobs?

Posted on August 6, 2015 by grim

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 | 66 Comments

US Real Estate – 40 months of price increases

Posted on August 5, 2015 by grim

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 | 88 Comments

NJ 2016 Outlook

Posted on August 4, 2015 by grim

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 | 77 Comments

Don’t you worry about those unintended consequences

Posted on August 3, 2015 by grim

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 | 146 Comments

Old people talking nonsense

Posted on August 2, 2015 by grim

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

Posted on August 1, 2015 by grim

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 | 18 Comments