Monthly Archives: April 2017

Otteau April Update

Posted on April 29, 2017 by grim

From the Otteau Group: April MarketNEWS NJ Home Sales Continue to Exhibit Strength In March, the number of contract purchases by home buyers exceeded the same month in the prior year for the 31st consecutive month, reflecting a 10% increase … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 95 Comments

Everyone happy about housing again?

Posted on April 26, 2017 by grim

From HousingWire: Experts: Spring home-buying season starts off with a bang The spring home-buying season is in full swing and it started off with a bang. Home prices increased in February to a new high for the fourth consecutive month, … Continue reading →

Posted in Demographics, Economics, National Real Estate | 160 Comments

You were hoping for a job?

Posted on April 25, 2017 by grim

From the Star Ledger: More bad news for office leasing market in N.J., report says Office leading deals in the first quarter in New Jersey has dropped to its lowest level in nearly a decade, the Wall Street Journal reported. … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 126 Comments

Home price expectations highest since 2005.

Posted on April 24, 2017 by grim

From Gallup: More in US Expect Local Home Values to Rise Sixty-one percent of U.S. adults predict housing prices in their local area will increase in the next 12 months, up from 55% a year ago and the highest Gallup … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 43 Comments

Pay Up Jersey City – Just like the rest of us

Posted on April 22, 2017 by grim

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading →

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

17,500 jobs … poof

Posted on April 21, 2017 by grim

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 64 Comments

Just part of doing business in NJ

Posted on April 20, 2017 by grim

From HousingWire: Ex-NJ mayor sent to prison for kickbacks involving HUD funds The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 65 Comments

Not the best in a decade?

Posted on April 19, 2017 by grim

From HousingWire: Here’s why the housing market continues to struggle with low inventory Tight housing inventory supply could put a strain on this year’s spring home-buying season, according to the monthly Outlook released Tuesday by Freddie Mac. The low supply … Continue reading →

Posted in Housing Recovery, National Real Estate, Where's the Beef? | 72 Comments

JC overtakes Hoboken?

Posted on April 18, 2017 by grim

Really interesting piece over at Jersey Digs: In 2016, Downtown Jersey City Real Estate Proved The Better Bet Over Hoboken When Pure Properties released their last quarterly market report in January, it was the first time that Downtown Jersey City … Continue reading →

Posted in Gold Coast, New Jersey Real Estate | 104 Comments

Best spring market in (almost) a decade?

Posted on April 17, 2017 by grim

From CNBC: Homes this spring are selling faster than ever Homes are flying off the shelves this spring, as demand rises and supply continues to drop. Record high prices in some local markets are not thwarting hungry buyers, as they … Continue reading →

Posted in Housing Recovery, National Real Estate | 40 Comments

…except here

Posted on April 15, 2017 by grim

From MarketWatch: Foreclosure activity drops to pre-recession levels nationwide Chances are slim that a new foreclosure sign was posted on your block. The number of foreclosure filings, which include default notices, auctions and bank repossessions, dropped 19% nationwide from a … Continue reading →

Posted in Economics, Foreclosures, National Real Estate | 29 Comments

2.5 month supply of homes in Brooklyn

Posted on April 13, 2017 by grim

From Bloomberg: Brooklyn Home Sales Jump Most Since ’10 With Listings Near a Low Home sales in Brooklyn jumped the most in seven years while the supply of listings hovered near a record low, pushing buyers toward bidding wars in … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 48 Comments

Mortgage delinquencies at 10 year low

Posted on April 12, 2017 by grim

From HousingWire: More Americans are now paying their mortgage often, and on time Mortgage delinquency rates, including loans in serious delinquency and even foreclosure inventory, fell at the start of 2017, according to the latest monthly Loan Performance Insights Report … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 22 Comments

Local realtors: It’s a great time to sell … and buy!

Posted on April 11, 2017 by grim

From NJ1015: Demand for housing in New Jersey on the rise — It’s a seller’s market The New Jersey housing market, which has been depressed since the Great Recession, is showing signs of firing up. According to Rob Dekanski, a … Continue reading →

Posted in Economics, New Jersey Real Estate | 47 Comments

Better than renting out?

Posted on April 9, 2017 by grim

From the NYT: Making a Living With Airbnb New Yorkers who welcome strangers into their homes by becoming Airbnb hosts have found that the experience can be at turns nerve-racking, humorous and sometimes embarrassing. But for some determined hosts, it … Continue reading →

Posted in Demographics, Economics, NYC | 37 Comments