Category Archives: New Jersey Real Estate

Just another day in NJ politics

Hat Tip Gator. From NJ101.5: NJ Democratic boss stares down officials at corruption-case news conferenceLike a boss, Democratic power broker George Norcross sat defiantly in the front row on Monday as the state Attorney General’s Office outlined a blockbuster corruption … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 92 Comments

If you have to ask…

From Newsweek: Map Shows States With Highest Hidden Housing Costs The average annual cost of owning and maintaining a single-family home now exceeds $18,000, according to a new study. Homeownership is often considered a pathway to building wealth, but the ongoing … Continue reading

Posted in Economics, National Real Estate, New Jersey Real Estate, Property Taxes | 83 Comments

Don’t leave just yet

From InsiderNJ: Stay NJ Task Force Releases Report Recommending Changes to Simplify and Improve New Jersey’s Property Tax Relief Programs Today, the Stay NJ Task Force released its report providing recommendations for the State to implement the new Stay NJ program while simplifying and … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 37 Comments

Price Reduced! Jeter’s House!

From NJ.com: Derek Jeter’s Greenwood Lake ‘castle’ back on the market at drastically reduced price Known locally as “the castle” on Greenwood Lake, Derek Jeter’s longtime lake house near the New York-New Jersey border is back on the market at … Continue reading

Posted in New Jersey Real Estate, Price Reduced | 20 Comments

Hottest markets in NJ right now

From NJ1015: 21 of this spring’s hottest real estate markets are in NJ Out of 10,770 towns nationwide realtor.com looked at the hottest real estate markets in the country. They calculated the rankings by looking at the number of days … Continue reading

Posted in Housing Bubble, New Jersey Real Estate | 69 Comments

Second fastest in the nation

From the Star Ledger: Homes in New Jersey sold the fastest in the nation. As the weather heats up so is New Jersey housing market, according to the latest data. Homes in New Jersey sold within a median of 36 … Continue reading

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

Where does it stop?

From Patch: Home Prices Jumped 10 Percent This Year In These NJ Counties Atlantic Bergen Burlington Camden Cape May Cumberland Essex Gloucester Hudson Hunterdon Mercer Middlesex Monmouth Morris Ocean Passaic Salem Somerset Sussex Union Warren

Posted in Housing Bubble, New Jersey Real Estate | 119 Comments

Paterson Renaissance?

From the Record: The Great Falls are essential to Paterson’s economic and cultural future There aren’t many urban centers in America that have a waterfall a stone’s throw away from their downtown district. Well, part of Paterson’s point of difference … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 187 Comments

NJ led the Northeast in February

From Corelogic: CoreLogic: US Annual Home Price Growth Slows but Still Up by Over 5% in February U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact … Continue reading

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 30 Comments

How much do you need? 2024 edition.

From Bankrate: Study: Americans need a six-figure salary to afford a typical home in nearly half of U.S. states A combination of high mortgage rates, rising home prices and low housing inventory over the last two years is pushing homeownership further … Continue reading

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

Living your best life in NJ

From Patch: Morris Is Most Expensive County In NJ For Household Bills, Study Finds A new study shows that Morris County residents are forking over more for their monthly bills on average than in any other county in the state.  … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 11 Comments

NJ’s newest luxury residences

From the Star Ledger: Decaying former Playboy Club has been sold, N.J. mayor says The empty former Playboy Club — a longtime subject of fascination in northwestern New Jersey — has been sold, according to a local mayor. Vernon Mayor Anthony Rossi … Continue reading

Posted in Economics, New Development, New Jersey Real Estate | 41 Comments

Home price jackpot? Think again.

From the NYT: How Much Higher Are Your Post-Pandemic Property Taxes? The median price for a single-family home in the United States rose about 40 percent from 2019 to 2022, peaking at $480,000 before receding to about $417,000 at the … Continue reading

Posted in National Real Estate, New Jersey Real Estate, NYC, Property Taxes | 61 Comments

Better move fast

From the Star Ledger: N.J. ranks second in nation for fastest selling homes. See latest list. Homes in New Jersey sold within a median of 39 days in February, the second fastest in the nation, the latest data from Realtor.com showed. Only … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 71 Comments

Building 200,000 Affordable Homes

From the Record: Senate passes bill to overhaul how NJ towns will meet affordable housing mandate How much affordable housing will New Jersey towns be required to zone for, build, convert or renovate over the next decade?  Gov. Phil Murphy … Continue reading

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