Category Archives: New Development

Flipping will never die

Posted on June 10, 2019 by grim

From MarketWatch: Home flipping rate hits 9-year high — and that could foretell troubles in the housing market Home-flipping has rebounded by one key measure. But that’s doesn’t make it an easy path toward becoming rich. Just over 49,000 single-family … Continue reading →

Posted in Economics, Employment, National Real Estate, New Development | 34 Comments

Has Asbury made it?

Posted on May 21, 2019 by grim

From the NYT: Asbury Park, N.J.: A Seaside Community Reborn Carolyn Curtin moved to Asbury Park in 2002 and fell in love with a late Victorian house with a falling-down porch and heaven knows what other problems. She knew nothing … Continue reading →

Posted in Economics, Housing Recovery, New Development, Shore Real Estate | 156 Comments

Gives me hope

Posted on May 18, 2019 by grim

Click the link, look at the photos. Audible did an incredible job. This is far cooler than anything anyone is doing in SF and the Valley. From the Star Ledger: Audible just opened an office inside an old N.J. church, … Continue reading →

Posted in New Development, New Jersey Real Estate | 51 Comments

So absurd it needs to be reposted

Posted on May 16, 2019 by grim

From SportsTalk: Paterson, NJ Developers Think An Arena Can Help Save A Struggling Shopping Mall Sports as an economic generator in Paterson, NJ?  It doesn’t appear that any sports league is looking to put a team in Paterson, New Jersey. … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, Politics | 99 Comments

Policy has repercussions

Posted on May 14, 2019 by grim

From ROI-NJ: GSI forum offers some ‘uncomfortable truths’ of doing business in N.J. State Sen. Declan O’Scanlon was measured in his tone but precise in his words. Speaking at Garden State Initiative’s second annual Economic Policy Forum on Thursday in New … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate, Politics | 52 Comments

Uneven recovery or catch up?

Posted on April 25, 2019 by grim

From CNBC: Uneven housing recovery persists, with some markets still behind their pre-recession peak With the U.S housing bubble far in the rearview mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it’s a … Continue reading →

Posted in Demographics, Economics, National Real Estate, New Development | 57 Comments

Neighborhood makes a difference? Get real.

Posted on April 11, 2019 by grim

From the APP: Middle class in NJ: Where you grow up determines if you will be rich or poor The chartered bus from Long Branch and Asbury Park made good time to New York City, dropping eighth graders at Samsung to see the latest … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 51 Comments

Our own little Disney

Posted on March 11, 2019 by grim

From the Star Ledger: Inside the N.J. town where retail spending beats Hollywood and tourism rivals Disney Name any brand, and it probably has at least one location in Paramus — some have two or three. At a time when … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 50 Comments

The king falters

Posted on December 3, 2018 by grim

From the WSJ: New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters When actor Brian Kerwin decided to sell his longtime Manhattan home—an 1880s Romanesque townhouse he and his late wife had carefully restored—he was hoping it would go … Continue reading →

Posted in Demographics, Economics, Employment, New Development, NYC | 174 Comments

Buyers prefer used houses

Posted on November 20, 2018 by grim

From the USA Today: Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 74 Comments

Murphy, you want an innovation economy? Fix these.

Posted on November 9, 2018 by grim

From the APP: 3 reasons NJ lost out on Amazon HQ: Bhatti Here are the top three reasons New Jersey lost: 1. Too expensive for Amazon: Seven billion dollars of tax incentives wasn’t enough. New Jersey made national news when … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 129 Comments

NJ Transit will do a great job

Posted on November 6, 2018 by grim

From NJ Spotlight: NEW NJ TRANSIT DIVISION TO TAKE ADVANTAGE OF HEFTY REAL ESTATE PORTFOLIO New Jersey Transit is among the mass-transit agencies that rely the most on fare revenues, according to a recent audit, which suggested a hefty real-estate … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics, Where's the Beef? | 76 Comments

Sorry NJ

Posted on November 4, 2018 by grim

From the Star Ledger: Amazon in ‘advanced’ talks with a city for HQ2. It’s not Newark. Newark’s chances at landing Amazon’s second headquarters is looking more like a long shot. Amazon officials are reportedly in “advanced discussions” about establishing its … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 71 Comments

Strollers hit Jersey City

Posted on October 27, 2018 by grim

From the NY Times: Jersey City Grows Up When Zacheus and Ratri Chan showed up at an open house for a townhouse in the Bergen-Lafayette neighborhood of Jersey City last fall, there was a line down the street. The six-bedroom … Continue reading →

Posted in Demographics, Economics, Gold Coast, New Development | 15 Comments

New home sales “collapse” in the Northeast.

Posted on October 25, 2018 by grim

From CNBC: New home sales drop 5.5% in September to near two-year low New home sales plunged in September, falling 5.5 percent to an almost two-year low amid pressures from rising interest rates that have hammered the real estate market. … Continue reading →

Posted in Economics, National Real Estate, New Development | 35 Comments