Monthly Archives: March 2018

Otteau March MarketNEWS

Posted on March 31, 2018 by grim

From the Otteau Group: March MarketNEWS The number of home sales in New Jersey over the first 2 months of 2018 totaled more than 16,000, setting an all-time record. Still, the 2% year-to-date increase over the same period last year … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 31 Comments

It’ll sit empty for decades…

Posted on March 30, 2018 by grim

From the Record: Toys R Us collapse creates large corporate office vacancy in Wayne The collapse of Toys R Us has placed a big question mark on a large tract of forested woodland in the heart of Wayne. Toys R … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 100 Comments

NJ Pension on Track! … to be fixed in 30 years.

Posted on March 29, 2018 by grim

From the Star Ledger: Have New Jersey’s pension woes finally bottomed out? ould it be true? Is New Jersey’s pension fund for public workers — among the worst-funded in the nation — really on the road to recovery? That’s what … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate, Politics | 121 Comments

Onslaught

Posted on March 28, 2018 by grim

From HousingWire: Experts: Homebuyers should prepare for onslaught of competition this spring season The latest Case-Shiller report showed home prices are continuing to rise, but now experts say not only are those high prices here to stay, but homebuyers could … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 146 Comments

Oh boy…

Posted on March 27, 2018 by grim

From the Star Ledger: Will Phil Murphy veto giving police and fire unions control of their pensions? The state Legislature passed legislation Monday handing control of the pension fund for New Jersey’s police and firefighters over to its members. But … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 61 Comments

Did your town make the list?

Posted on March 26, 2018 by grim

From the Star Ledger: Property taxes actually went down in these N.J. towns. Was yours one of the lucky ones? New Jerseyans are accustomed to high property taxes, and they’re accustomed to those tax bills getting bigger year after year. … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 31 Comments

Clifton For The Win

Posted on March 24, 2018 by grim

From the NY Times: Clifton, N.J.: Where a Lot of Little Worlds Commingle Clifton, in southern Passaic County, is an unpretentious, predominantly middle-class city of 85,000, crisscrossed by highways, two of which — the Garden State Parkway and Route 46 … Continue reading →

Posted in New Jersey Real Estate | 45 Comments

Never an easy year for a first time buyer

Posted on March 23, 2018 by grim

From the NYT: 2018: A Tough Year for First-Time Buyers Dr. Davis and brokers will likely tell you that what your decision should come down to is not so much whether you will make money off your home, or how … Continue reading →

Posted in Demographics, Economics, National Real Estate | 221 Comments

Rates go up now?

Posted on March 22, 2018 by grim

From the Chicago Tribune: As Fed raises rates, look for higher costs on credit cards, car loans and home mortgages Americans are taking on more debt, and they’re soon going to be paying more for it. The Federal Reserve on … Continue reading →

Posted in Economics, Mortgages, National Real Estate | 155 Comments

“It’s grim all over”

Posted on March 21, 2018 by grim

From Bloomberg: U.S. Starter Homes Are Scarcer, Pricier, Smaller and More Run-Down Homebuyers in the U.S. have plenty to grouse about these days. Prices have climbed steeply in many metro areas, mortgage rates are rising and inventory is thin. But … Continue reading →

Posted in Demographics, Economics, National Real Estate | 109 Comments

Let me guess, we’re going to pay for it.

Posted on March 20, 2018 by grim

From the Star Ledger: It’s ‘The Hub,’ and Murphy swears it will help make us a tech magnet It’s called “The Hub” — a redevelopment project in New Brunswick that Gov. Phil Murphy says will help realize his goal of … Continue reading →

Posted in New Development, New Jersey Real Estate | 96 Comments

Roof and siding just got a little cheaper

Posted on March 19, 2018 by grim

From the Record: No permit required: That roofing and siding job just got cheaper in New Jersey Rules that took effect on Monday should have contractors in New Jersey raising the roof, since it’s no longer necessary to purchase a … Continue reading →

Posted in New Development, New Jersey Real Estate | 117 Comments

Jersey’s pockets a little deeper

Posted on March 17, 2018 by grim

From Corelogic: CoreLogic Reports Homeowner Equity Increased by $908 Billion in 2017 CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the fourth quarter of 2017, which shows that … Continue reading →

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

I think I can I think I can

Posted on March 16, 2018 by grim

From Bloomberg: U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years Home prices in the U.S. surged 8.8 percent in February — the biggest gain in four years — as buyers battled for an increasingly scarce resource: … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 140 Comments

NJ Lagging Job Recovery

Posted on March 15, 2018 by grim

From the Star Ledger: N.J. added 43K jobs in 2017. Here’s why that’s not such good news New Jersey added about 43,000 jobs in the private sector in 2017, about 18,000 less than 2016, according to data released by the … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 170 Comments