Category Archives: New Development

NJ building permits up 30%, rentals account for 63%

Posted on August 29, 2014 by grim

From the Record: NJ builders on track to start largest number of homes since 2006 Despite last winter’s weather delays, New Jersey builders are on track to start the largest number of homes since 2006, led by a boom in … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 52 Comments

Going Long Jersey

Posted on August 23, 2014 by grim

From the NYT: Life After Brooklyn By many measures, Jeff Huston and his wife, Lisa Medvedik-Huston, arrived late to Williamsburg, Brooklyn. They weren’t among the first waves of artists and hipsters in the early-to-mid ’90s to cross the East River … Continue reading →

Posted in Demographics, Housing Recovery, New Development, NYC | 98 Comments

Since when is Cliffside Park and Wood-Ridge not Suburbia?

Posted on August 17, 2014 by grim

From the Record: As housing rebounds, construction pace picks up at 2 developments In a sign of the housing industry’s rebound, two large North Jersey redevelopment projects — in Wood-Ridge and Cliffside Park — are picking up momentum after being … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 110 Comments

Brooklyn by the sea

Posted on August 10, 2014 by grim

From the Star Ledger: Progress in Asbury Park, developers shift focus from oceanfront to downtown About 10 years ago, waves of ritzy, new multifamily buildings along Asbury Park’s oceanfront were expected to breathe life into a city in need of … Continue reading →

Posted in New Development, Shore Real Estate | 68 Comments

Building up, but no new jobs

Posted on August 5, 2014 by grim

From the Record: Home building is up, but construction hiring hasn’t followed While home building is on the rise in New Jersey, construction hiring in the state has actually declined over the past year. But that may change in the … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Development | 137 Comments

Sandy changes the shore a second time

Posted on August 4, 2014 by grim

From the Record: As shore properties are sold after Sandy, beach towns change Superstorm Sandy sent 18 inches of water rushing in to Bob Zirkel’s Ortley Beach home, causing thousands of dollars in damage. But bad as the storm was … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 86 Comments

Are the experts right or wrong?

Posted on July 3, 2014 by grim

From the Star Ledger: NJ housing crisis: 8 key takeaways from live chat with experts 1) “New Jersey has quite a bit of affordable housing, but number one, not enough, and not necessarily in the right places.” The overwhelming majority … Continue reading →

Posted in Demographics, Housing Recovery, New Development, New Jersey Real Estate | 74 Comments

Flipping? Huh?

Posted on May 1, 2014 by grim

From HousingWire: Looking for a 30% profit? Flip a house Despite the percentage of flipped homes shrinking to 3.7% of the total homes sold, the profits from flipping a house are up to 30%. The share of flipped house sales … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, New Development | 112 Comments

Commercial investors positive on Jersey market

Posted on April 14, 2014 by grim

From the Record: Investors return for North Jersey real estate A few months ago, a Hoboken multifamily building, The Artisan, sold for a record $569,000 per “door,” or apartment. The acquirer, a real estate investment management company, forked over $33.6 … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 78 Comments

Jersey Shore – GTL? Nah. TBTF.

Posted on April 5, 2014 by grim

From the NYT: Back to the Jersey Shore With beaches replenished, boardwalks rebuilt and stores reopened, the Jersey Shore is gearing up for a summer busy enough to make last year’s anemic one a distant memory. As renters rush to … Continue reading →

Posted in Housing Recovery, New Development, Shore Real Estate | 72 Comments

Homeownership vs Headship

Posted on February 5, 2014 by grim

From the Atlantic: Why We Shouldn’t Obsess Over the Falling Homeownership Rate In the midst of the recession, millions of Americans began to “double up,” in the language of demographers: Parents moved in with their children, recent college graduates returned … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Development | 67 Comments

‘fellergate

Posted on January 21, 2014 by grim

From CNN: Hot piece of land in Hoboken at center of Christie-Zimmer dispute Most issues in Hoboken, New Jersey, ultimately boil down to real estate. So it’s no surprise to the residents of the small city that the dustup between … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 108 Comments

Buyers want bigger, more expensive homes

Posted on January 8, 2014 by grim

From Inman: US single-family homes were costlier to build, priced higher and larger in 2013 The cost to build the average U.S. single-family home hit $246,453 in 2013, reaching its highest mark since 1998, according to a construction cost survey … Continue reading →

Posted in Demographics, Economics, New Development | 132 Comments

Even the wealthy can be financial idiots

Posted on December 1, 2013 by grim

From the Record: Even wealthy hit by foreclosures Nine years after spending millions to build their dream home in Franklin Lakes, Kevin and Cheri Schmidt lost it recently to foreclosure. The Schmidts have sued their bank, saying it’s to blame … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 46 Comments

All hail king of the flippers

Posted on November 12, 2013 by grim

From the Record: Price of luxury living falls: Alpine home can be yours for $49 million It’s not the $68 million he was once asking, but what real estate investor Richard Kurtz is now seeking for the 30,000-square-foot mansion he … Continue reading →

Posted in New Development, New Jersey Real Estate | 73 Comments