Monthly Archives: October 2018

Rent a shore house, pay a new tax, unless you use a realtor

One of the most disgusting pieces of protectionist legislation I’ve ever seen. From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 38 Comments

Otteau: September Update

From the Otteau Group: September MarketNews Home purchase contracts in New Jersey declined in August by 2% compared to the same month last year. Almost half of the markets in NJ have seen a decline in the pace of home … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 122 Comments

NYC transitions into a cooling market

From CNBC: NYC has moved into a buyer’s market, and is experiencing a housing trend last seen in 2009 New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise … Continue reading

Posted in Demographics, Economics, Housing Bubble, Lowball, NYC | 46 Comments