Monthly Archives: May 2022

Some go up, some go down

From the Record: Bergen County home prices up 5.3% in April, while Hudson and Passaic County rise as well A typical Bergen County home listed for $679,000 in April, up 5.3% from a month earlier, an analysis of data from Realtor.com … Continue reading

Posted in General | 145 Comments

Aaannnddd… They’re Off!

From the Star Ledger: New home listings up 40%. What the market is like in all 21 N.J. counties. Anyone who has shopped for a house in this red-hot market can tell you, there aren’t many to choose from. The … Continue reading

Posted in New Jersey Real Estate | 307 Comments

NJ’s new tax rebate

From Patch: $900M In Tax Relief Could Be Coming To 1.8M NJ Homeowners, Renters Nearly 1.8 million New Jersey homeowners and renters could get some money back from the state under Gov. Phil Murphy’s new property tax relief program proposed … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 127 Comments

Back to work?

From NJ1015: Extended unemployment insurance to expire for 80,000 NJ workers Eighty-eight weeks of unemployment benefits triggered by the coronavirus pandemic are coming to a close. The New Jersey Department of Labor and Workforce Development announced Thursday that approximately 80,000 New Jersey … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 384 Comments

We’ve been discussing this for the last 10 years…

From Yahoo Money: Mortgage rates hit highest level in 13 years and could cool housing market Mortgage rates hit their highest level since August 2009 this week, following a sharp increase in the 10-year Treasury yield and continuing a breakneck … Continue reading

Posted in Economics, Mortgages, National Real Estate | 62 Comments

Worst ever time to buy?

From Gallup: Record Low in U.S. Say It Is a Good Time to Buy a House Thirty percent of U.S. adults say it is a good time to buy a house, down 23 percentage points from a year ago and … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 208 Comments

To say it’s name is to summon it

From Marketwatch: Recession is ‘almost inevitable’: former Fed Gov. Ferguson says For months, former Fed Governor Roger Ferguson has worried the risks of a recession were rising. Now, he said, a recession in 2023 is nearly unavoidable, with the chances … Continue reading

Posted in Economics | 189 Comments

Nothing to worry about here

From Forbes: The odds of a home price decline hitting your local housing market, as told by one interactive chart While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 124 Comments