Monthly Archives: January 2016

Limited supply the biggest hurdle for 2016 market

Posted on January 30, 2016 by grim

From Prudential Fox and Roach: Low inventory fuels real estate market Buyers and sellers in the New Jersey-Pennsylvania region will enter a highly competitive housing market in 2016 as the economy continues to get stronger, according to a survey of … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 54 Comments

December Pending Home Sales Disappoint (except the NE)

Posted on January 29, 2016 by grim

From CNBC: Pending home sales rise just 0.1% in December A lack of homes for sale is keeping potential buyers at bay. Signed contracts to buy existing homes rose just 0.1 percent in December from a downwardly revised November reading, … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 53 Comments

Blue skies ahead for NJ?

Posted on January 28, 2016 by grim

From NJBIZ: NJBIA says 2015 jobs data ‘good news’ for N.J. economy The New Jersey Business & Industry Association said last week’s report from the state Department of Labor and Workforce Development indicating that New Jersey added approximately 64,500 private-sector … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 92 Comments

State seizes AC to stall bankruptcy

Posted on January 27, 2016 by grim

From the Record: State plans to take reins of Atlantic City After years of trying to ignite an economic revival in Atlantic City — only to see four of its 12 casinos close in 2014 — Governor Christie was back … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 118 Comments

NY home prices hit new peak in November

Posted on January 25, 2016 by grim

From HousingWire: Black Knight: Home prices maintain trend, move higher Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over- year basis, the November Black Knight home price report found. As a result, national … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 199 Comments

Existing home sales rocket upwards in December, no inventory

Posted on January 23, 2016 by grim

From the WSJ: U.S. Existing-Home Sales Rebound in December The U.S. housing market entered 2016 after a year of strong sales, rising prices and dwindling inventories, factors supporting the economy but also likely to cap future gains for the sector. … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate | 120 Comments

NJ UE dips to 5.1%

Posted on January 22, 2016 by grim

From the Record: N.J. added 13,300 jobs in December, for 65,200 in 2015 New Jersey’s unemployment rate in December fell to its lowest level since six months into the recession, as New Jersey added 13,300 jobs for an annual total … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 121 Comments

Huh?

Posted on January 21, 2016 by grim
Posted in Humor | 116 Comments

NJ economy improves, fewer bankruptcies

Posted on January 20, 2016 by grim

From the Record: NJ bankruptcies fall in 2015, as economy improves Consumer bankruptcies in New Jersey fell 6 percent last year, bringing the figure to about the same as in the first year of the recession and offering another sign … Continue reading →

Posted in Demographics, Economics, Foreclosures, National Real Estate | 73 Comments

Year of the Household

Posted on January 19, 2016 by grim

From DSNews: New York Fed: Expect a Boost in Household Formation in 2016 Speaking on the country’s economic outlook and monetary policy at the Economic Leadership Forum in Somerset, New Jersey, Federal Reserve Bank of New York President Bill Dudley … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 74 Comments

Couple of rich people don’t a market make

Posted on January 18, 2016 by grim

From the Record: Multimillion-dollar home sales on the rise in North Jersey In a sign that wealthy households may be spending more freely, a dozen houses sold for more than $4 million in Bergen County in 2015 — up from … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

Not NY, but we’ll take it personally too

Posted on January 16, 2016 by grim

From the Star Ledger: Hey Ted Cruz: We’ve got your New York values, right here Ted Cruz rarely comes to New York, other than those occasional visits to Goldman Sachs, where this man of virtue drops his hat on the … Continue reading →

Posted in Politics, Unrest | 34 Comments

Tough times ahead?

Posted on January 15, 2016 by grim

From Bloomberg View: Connecticut and New Jersey: Rich States, Poor Economies It’s been a tough week for Connecticut, which just learned that it is losing its most prominent corporate citizen to Massachusetts. But that’s nothing new. It has also been … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 77 Comments

No more patience as AC fails to deliver

Posted on January 14, 2016 by grim

From Bloomberg: New Jersey May Seize Atlantic City as Rebound Eludes Casinos After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 95 Comments

National foreclosures continue to decline, NJ still standout at the top

Posted on January 13, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2007 The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. CoreLogic, a global property … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 66 Comments