Monthly Archives: January 2016

We’re all Atlantic City now

Posted on January 12, 2016 by grim

From the Record: State officials working to take control of Atlantic City finances Amid the push to expand casino gambling throughout New Jersey, state officials are in fast-moving discussions to take over Atlantic City’s finances for 15 years. Sparking a … Continue reading →

Posted in New Development, Politics, Shore Real Estate | 124 Comments

Last Call!

Posted on January 11, 2016 by grim

From HousingWire: Black Knight: Will 2016 end refinance demand? Approximately 5.2 million borrowers could likely both qualify for and benefit from refinancing, but it’s possible that this number will be slashed in half by the end of the year. Black … Continue reading →

Posted in Economics, Housing Recovery, Mortgages, National Real Estate | 65 Comments

“I have no hope. One thing about taxes: they go up.”

Posted on January 10, 2016 by grim

From the APP: Property taxes up $537 million HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015. The hike pushed the average local tax bill to $8,354 for homeowners, up … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Property Taxes | 25 Comments

Inventory yet? Nope.

Posted on January 10, 2016 by grim

From Berkshire Hathaway Fox & 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 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate | 6 Comments

“He said a lot of bad things and he walked away.” (He called AC pols “corrupt and stupid”)

Posted on January 8, 2016 by grim

From the Star Ledger: Is gambling mogul Steve Wynn interested in north Jersey casino? The leader of the state Assembly said Thursday that Steve Wynn, the famed casino mogul who owned one of the first gambling halls in Atlantic City … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 75 Comments

The rise and fall of the office park

Posted on January 7, 2016 by grim

From CityLab: The Sad State of Suburban Office Parks A report from the real estate service firm NGKF released late last year provides new numbers on an ongoing phenomenon: the slow, agonizing death of the American office park. The report … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, New Development | 111 Comments

Jersey foreclosures finally turning the corner?

Posted on January 6, 2016 by grim

From the Record: New N.J. foreclosure filings dip for first time in four years New residential foreclosure filings fell last year in New Jersey for the first time since 2011, which experts say is another sign that the state’s economy … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 125 Comments

“This year will be a good year for housing”

Posted on January 5, 2016 by grim

From the Record: Job growth lifts housing outlook for 2016 Buoyed by strong job growth, the housing market in the new year will continue to climb out of its worst downturn in generations. As the unemployment rate has dropped to … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 133 Comments

Rising incomes will have an “outsized” impact on NJ

Posted on January 4, 2016 by grim

From the Record: Some optimism about the state economy, for a change New Jersey’s economy has rarely failed to disappoint in recent years, but economist Joel Naroff thinks that may change in 2016. He foresees a solid national performance, with … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 51 Comments

Predictions 2016!

Posted on January 1, 2016 by grim

This is becoming a tradition around here, so here we go again! You know how this works, break out the crystal balls and prognosticate. Ground Rules Predictions provided should either be for June 30th, 2016 or December 31st, 2016, please … Continue reading →

Posted in General | 57 Comments