Category Archives: New Jersey Real Estate

NJ adds jobs in January

Posted on March 14, 2025 by grim

From NJBIA: NJ January Jobless Rate Stays Flat at 4.6%  New Jersey private-sector employers added 5,900 jobs during January, but significant losses in the public sector were primarily responsible for an overall drop in total employment to 4,387,700, according to … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 92 Comments

Can’t afford to buy, can’t afford to rent

Posted on March 13, 2025 by grim

From the NY Post: Here’s where rents are rising the fastest in the New York area New Yorkers may feel like the rent hikes never end, but it turns out that Newark, New Jersey residents are at the biggest disadvantage.  … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, NYC | 105 Comments

NJ just got a little more office space

Posted on March 12, 2025 by grim

From NJBIZ: DOGE cancels NJ leases totaling $2.76M in annual rents  As DOGE continues efforts to purportedly search for savings within the federal government, a number of commercial leases – including in New Jersey – are on the chopping block. Nationwide, … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 60 Comments

Northeast continues to buck the trend

Posted on March 7, 2025 by grim

From CoreLogic: US Home Price Insights –  March 2025 Home price growth remains largely flat in the U.S. as we come out of winter. Although prices are expected to eek out gains in the coming year, there are stark differences … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 98 Comments

Spring Market!

Posted on March 6, 2025 by grim

From the Record: Listings in NJ have increased, but remain well below 2024 levels. Our Feb market update The spring market — which has typically been considered the busiest time for real estate — has brought most New Jersey counties … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 146 Comments

NJ going to cost you a little more next year

Posted on March 3, 2025 by grim

From the Star Ledger: You won’t believe what N.J. is trying to tax now. Here’s the full list.  The list of taxes and fee changes in the proposed budget include: Brand-new taxes: The state anticipates collecting $277 million by taxing go-cart … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 121 Comments

NJ Wealth Tax

Posted on February 28, 2025 by grim

From northjersey.com: Is Murphy’s proposal to increase NJ’s ‘mansion tax’ a good thing? Experts have concerns Gov. Phil Murphy’s 2026 fiscal year budget proposal includes $1.2 billion in new sales taxes and fees on things like alcohol, warehouse truck traffic, drones and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 268 Comments

Trump axes NYC congestion tolls

Posted on February 20, 2025 by grim

From the Hill: Trump declares New York ‘saved’ from congestion pricing: ‘Long live the king!’ President Trump on Wednesday declared New York “saved” after his administration announced it would rescind the Biden-era approval of a congestion pricing plan. “CONGESTION PRICING IS DEAD. … Continue reading →

Posted in New Jersey Real Estate, North Jersey Real Estate, NYC, Politics | 186 Comments

Sounds about right

Posted on February 10, 2025 by grim

From Patch: NJ Residents Struggling To Pay Rent, Mortgages, Study Says: Report If you’re struggling to pay your rent or mortgage on time, you’re not alone. In fact, New Jersey residents are finding it harder than most to manage the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate, Risky Lending | 86 Comments

Sorry Jersey

Posted on February 3, 2025 by grim

From the Record: NJ shut out of Zillow’s top 50 housing markets for 2025. Nobody loves New Jersey more than the people who live here. And with its miles of beaches, sprawling green spaces, highly rated restaurants and proximity to … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 137 Comments

NJ Economic Predictions 2025

Posted on January 15, 2025 by grim

From Princeton Perspectives: 2025 New Jersey Economic Outlook Real Estate – In real estate, the housing market could see moderate growth, however, housing affordability will remain a challenge. New Jersey’s municipalities are currently contemplating the impact of having to come … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 123 Comments

Jersey Payday

Posted on January 8, 2025 by grim

From the APP: NJ property values have soared since COVID. Which towns have seen the biggest increases? The top 10 municipalities with the highest increases in average property value from 2018 to 2023 include:

Posted in Housing Bubble, New Jersey Real Estate, Where's the Beef? | 54 Comments

Build Baby Build

Posted on January 3, 2025 by grim

From RENJ: Judge: State can continue rollout of affordable housing law, pending outcome of legal challenge A judge has denied a request by some two dozen towns to halt the rollout of New Jersey’s new affordable housing law, in a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 63 Comments

Innovation HQ to Housing – the NJ Way

Posted on January 2, 2025 by grim

From the Star Ledger, Hat Tip Juice: Bell Labs marks 100th birthday as iconic N.J. company prepares for huge move The sprawling Murray Hill campus on Mountain Avenue was a bustling center for innovation in suburban Union County for decades. … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 25 Comments

Predictions 2025!

Posted on December 28, 2024 by grim

Break out your crystal ball and let’s hear ’em! Recession / Economic Real Estate Stocks/Securities Commodities Inflation Mortgage Rates Geopolitics Whatever Bragging rights to anyone who nailed it for 2024: Predictions 2024!

Posted in Economics, Employment, National Real Estate, New Jersey Real Estate, Where's the Beef? | 111 Comments