Monthly Archives: May 2025

Jersey Works

Posted on May 21, 2025 by grim

From ROI-NJ: Report shows N.J. office market doing better than national average A CommercialEdge report says office vacancy rates in the nation’s central business districts continue to struggle as declining listing rates and high vacancy levels persist as the effects of the … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 89 Comments

Clifton #1

Posted on May 20, 2025 by grim

From US News and World Report: Best Places to Live in New Jersey in 2025-2026

Posted in Demographics, New Jersey Real Estate, North Jersey Real Estate | 60 Comments

Unemployment ticks up in NJ

Posted on May 19, 2025 by grim

From the NJBIA: NJ Unemployment Rate Rises to 4.8%  New Jersey employers added 4,800 jobs in April, but the unemployment rate inched up to 4.8%, the highest it’s been in over three years, according to preliminary federal data released Thursday … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 60 Comments

Pass the salt, please

Posted on May 17, 2025 by grim

From the Realtors: These High Tax States Could Benefit the Most From Higher SALT Deduction There’s a new bill in Washington that’s become the subject of some ugly debate. In a surprising twist, the fate of the current House Republican … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 76 Comments

Go West, but not too far west.

Posted on May 16, 2025 by grim

From CBS News: Here’s where it’s toughest for the middle class to find an affordable home Homeownership is considered a mainstay of the American dream, but a shortage of affordable homes is blocking that pathway for many middle-income families, according … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 121 Comments

Foreclosures ticking up (but still low)

Posted on May 15, 2025 by grim

From Realtor.com: 2 Southern States Lead the U.S. With the Highest Number of Foreclosures Foreclosures have continued to inch upward, signaling that homeowners are being squeezed by the high cost of homeownership. There were a total of 36,033 U.S. properties … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 92 Comments

Camden is PRIME

Posted on May 14, 2025 by grim

From NJ1015: Biggest home price jump in NJ is in a town you’d never live in Real estate prices all over New Jersey have jumped to record levels, and most of the townswhere you see big increases are places that … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 118 Comments

Used houses get even more used

Posted on May 13, 2025 by grim

From Redfin: The Homes Americans are Buying are Older Than Ever The typical home bought in the U.S. hit a record age of 36 years in 2024. That’s nine years older than the median age of homes purchased in 2012, … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development | 66 Comments

High property taxes = high rents

Posted on May 12, 2025 by grim

From NorthJersey.com: AI didn’t break New Jersey’s housing market. Politicians did | Opinion On April 23, New Jersey’s Attorney General Matthew Platkin filed a lawsuit targeting AI-driven pricing software using in the housing market, alleging it enables landlords to collude and drive … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, Property Taxes | 82 Comments

Congrats on paying the most taxes

Posted on May 10, 2025 by grim

From the Real Deal: Illinois and New Jersey lead U.S. in highest property tax rates for homes in 2024 Illinois and New Jersey recorded the highest effective property tax rates on single-family homes in 2024, of 1.87 percent and 1.59 … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 40 Comments

Northeast wins the first quarter

Posted on May 9, 2025 by grim

From HousingWire: NAR: Home prices are up in 83% of metros Home prices rose in more than 80% of U.S. metro areas in the first quarter of 2025 — even as affordability remained stretched and fewer markets posted double-digit gains. According to … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate | 76 Comments

Nearly half of non-homeowners aren’t considering buying

Posted on May 8, 2025 by grim

From Gallup: Housing Market Perceptions Dampen Homebuying Intentions Homeownership appears to be further out of reach for non-homeowners in the U.S. Two-thirds of these Americans report being priced out of the market, and the smallest percentage recorded in years say … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, National Real Estate | 100 Comments

North Jersey market stats for April

Posted on May 7, 2025 by grim

From the Record: Is the housing market starting to rebalance? How NJ real estate performed in April Of New Jersey’s 21 counties, 13 had an increase in new listings compared with April 2024 and 15 counties had an increase in … Continue reading →

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

Pocket listings in the crosshairs next?

Posted on May 6, 2025 by grim

From CNN: America’s largest real estate brokerages are fighting over private listings When a deal to buy Caitlin Bigelow’s San Francisco condo fell through last month, she felt relief, rather than disappointment. Bigelow was working with a Realtor she trusted … Continue reading →

Posted in National Real Estate, Unrest | 88 Comments

Slowdown? Maybe not.

Posted on May 5, 2025 by grim

From the APP: NJ home prices: Here is what roiling stock market has done to spring 2025 home buying Home buyers continue to descend on the Jersey Shore, shrugging off high mortgage rates, a faltering stock market and economic uncertainty … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 56 Comments