Monthly Archives: April 2018

Looks pretty gloomy out there

Posted on April 28, 2018 by grim

From the Observer: NJ Politics Digest: Another Grim Take on the State’s Economic Outlook Yikes, the economic outlook in New Jersey is pretty grim—and it’s not going to get any better. While that might be the gut feeling of many … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 84 Comments

Good times on Long Island

Posted on April 27, 2018 by grim

From CBS NY: Long Island Housing Market Making A Serious Comeback Bidding wars, competition among buyers and low inventory are driving up demand for homes. And right now in our region the biggest rush for houses is on Long Island. … Continue reading →

Posted in Housing Recovery, National Real Estate, NYC | 81 Comments

So long and thanks for all the fish

Posted on April 24, 2018 by grim

From CNBC: Tax bill will slash by half the number of homeowners using the mortgage deduction The number of homeowners who will benefit from the mortgage tax break is expected to plummet this year by more than half, according to … Continue reading →

Posted in Mortgages, National Real Estate, Politics | 262 Comments

…and still little new housing

Posted on April 23, 2018 by grim

From CNBC: Home prices just took the biggest jump in four years Homebuyers, hold onto your wallets. The gains in home prices are getting bigger as the supply of homes for sale gets leaner. The median price of a home … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 35 Comments

Out with retail, in with industrial

Posted on April 21, 2018 by grim

From Real Estate Weekly: Developers struggling to meet demand for New Jersey industrial space New Jersey can’t keep up with demand for industrial space, according to Duke Realty leasing vice president Ben Rosen. “There are no buildings available under 300,000 … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

They sound pretty smart to me

Posted on April 19, 2018 by grim

From the Times of Trenton: ‘Brazen criminals’ are taking advantage of the housing crisis Brazenness is the hallmark of con artists and nowhere is that more evident than with shameless real estate scammers who rip off unsuspecting renters and property … Continue reading →

Posted in Foreclosures, Housing Bubble, New Jersey Real Estate | 248 Comments

Your parents had it easy

Posted on April 18, 2018 by grim

From CNBC:

Posted in Demographics, Economics | 103 Comments

Don’t need NY to tell us we’re cool … but it sure don’t hurt

Posted on April 14, 2018 by grim

From the NY Times: Wait, New Jersey Was Once Not Cool? New Jersey chic used to have a name: Bruce Springsteen. And that was pretty much it, at least according to the Garden State’s haughty neighbors across the Hudson River, … Continue reading →

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

No surprises here, big money stays in Manhattan

Posted on April 13, 2018 by grim

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 132 Comments

NJ wages up 4%

Posted on April 12, 2018 by grim

From the Star Ledger: N.J. workers are earning more $$$ but it’s not all good news New Jersey workers now have a few more bucks in their pocket. The average hourly earnings of New Jersey employees in the private sector … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 81 Comments

Large scale development possible in Jersey?

Posted on April 11, 2018 by grim

From Centraljersey.com Sayreville will build ‘largest mixed-use project in New Jersey history’ Development is moving forward on a 418-acre, $2.5 billion mixed-used development in Sayreville. Riverton, a mixed-use project that will be located by the Raritan River and total 5 … Continue reading →

Posted in New Development, New Jersey Real Estate | 98 Comments

Another day, another new tax

Posted on April 10, 2018 by grim

From the Star Ledger: N.J. bill would allow for voter-approved arts tax A New Jersey lawmaker is pushing for a new tax designed to fund local arts initiatives. Assemblyman Raj Mukherji, D-Jersey City, introduced a bill in the New Jersey … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 90 Comments

Foreclosures spike in NYC?

Posted on April 9, 2018 by grim

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading →

Posted in Economics, Foreclosures, NYC | 84 Comments

Come to the dark side

Posted on April 8, 2018 by grim

From CNBC: Jersey City becomes alternative to New York, but without the ‘sticker shock’ in prices Real estate prices in New York City have cooled but remain astronomically high, so Jennifer Tobias, a senior designer at the Studio Sofield design … Continue reading →

Posted in Gold Coast, Housing Recovery, NYC | 11 Comments

You don’t get a house just for showing up…

Posted on April 6, 2018 by grim

From USA Today: Home buying market so brutal, some home buyers make offer sight unseen This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate | 99 Comments