Category Archives: New Jersey Real Estate

August Market Stats

Posted on September 7, 2024 by grim

From the Record: NJ real estate update: Home prices rose in August, but interest rates dipped Of New Jersey’s 21 counties, eight of them saw more listings compared with August 2023, and four counties saw more new listings compared with … Continue reading →

Posted in New Jersey Real Estate | 8 Comments

Prices to fall? Maybe?

Posted on September 5, 2024 by grim

From MSN: These housing markets are poised for a downturn — and they’re not in Florida or Texas ome buyers are contending with record-high home prices across most of the U.S., but some markets are poised for a correction and could offer … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 119 Comments

Can’t afford a house? How about a trailer?

Posted on September 4, 2024 by grim

From MyCentralJersey.com: ‘It’s not your grandma’s trailer’: Mobile homes are affordable solution to homebuyer woes Cesar Gaona Jr.’s story is a familiar one. A native of the Avenel section of Woodbridge in his late 20s, he was excited to buy … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 49 Comments

Sorry about your commission

Posted on August 14, 2024 by grim

From Mr. Diamond at the APP… “M.I.K.E. to the D. You come and see me and you pay a fee. Do what I do professionally. To tell the truth, I am exactly what I want to be.” New real estate … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 47 Comments

$775k in Garfield

Posted on August 2, 2024 by grim

From NJ.com: This multi-family N.J. home had 35 offers and sold for $126K over asking Home prices are getting out of reach, making multi-family homes a hot commodity. So when a two family home in Garfiled hit the market, it … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 193 Comments

Jersey Market Slowing?

Posted on July 10, 2024 by grim

From NorthJersey.com: Real estate update: Nearly half of NJ counties saw housing inventory increase in June June marked the eighth consecutive month of housing inventory growth across the nation, with 36.7% more homes actively for sale than this time last year. The … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 89 Comments

Welcome to the Peak

Posted on July 2, 2024 by grim

Some great charts over at Visual Capitalist: Mapped: The Growth in U.S. House Prices by State in 2024 In 2024, U.S. home prices are steadily rising across nearly every state in America. Overall, home prices rose 6.6% annually as of the first … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 217 Comments

Cracks in the market?

Posted on June 24, 2024 by grim

From ATTOM: New Jersey And Illinois Have Highest Concentrations Of Housing Markets At Risk Of DeclinesATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Impact Report spotlighting county-level housing markets around the United States … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Bubble, New Jersey Real Estate | 33 Comments

Just another day in NJ politics

Posted on June 18, 2024 by grim

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…

Posted on June 11, 2024 by grim

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

Posted on June 2, 2024 by grim

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!

Posted on May 20, 2024 by grim

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

Posted on May 6, 2024 by grim

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

Posted on April 22, 2024 by grim

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?

Posted on April 12, 2024 by grim

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