Category Archives: New Jersey Real Estate

Going to battle with NYC

From NJ Globe: Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J. Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, NYC | 160 Comments

How to lower your NJ property taxes

From the Philly Inquirer: Ivana Trump is buried at Donald Trump’s New Jersey golf club. Could that mean a tax break for the former president? Ivana Trump’s death grabbed international headlines, but her New Jersey burial place is now garnering … Continue reading

Posted in New Jersey Real Estate, Property Taxes | 54 Comments

Get used to it

From the Record: ‘The new normal’? In NJ, higher prices may be here to stay, say economists With prices rising at their fastest in more than four decades, the question is on the mind of every driver, homeowner, shopper and … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 68 Comments

July Beige Book

From the Federal Reserve: Beige Book – July 2022 Federal Reserve Bank of New York Summary of Economic ActivityEconomic growth in the Second District slowed to a crawl in the latest reporting period, as demand from households and businesses weakened … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 122 Comments

Good thing we don’t need to commute anymore

From the Star Ledger: Canceled trains were due to an ‘illegal job action’ by engineers, NJ Transit says NJ Transit officials said an “illegal job action” triggered a rash of canceled trains throughout the day on Friday after locomotive engineers failed to … Continue reading

Posted in New Jersey Real Estate, Unrest | 90 Comments

Mansions or Middle Class?

From the Star Ledger: Your N.J. property tax break would be restored under Biden spending bill New Jersey homeowners would be allowed to deduct the full amount of their property taxes for the next five years under a provision expected … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 245 Comments

Fiscal … Death … Spiral

From the Star Ledger: N.J. is in a ‘fiscal death spiral’ and Murphy call for new tax on millionaires isn’t the answer, top Democrat says  New Jersey’s Democratic state Senate president, who is steadfastly opposed to the Democratic governor’s call … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 17 Comments

Will it work?

From Bloomberg: New Jersey Senate Passes Charitable Tax Workaround New Jersey residents might be able to avoid federal deduction limits on property taxes by converting them to a charitable contribution under a proposal the state Senate approved Feb. 26. S.B. … Continue reading

Posted in New Jersey Real Estate, Politics, Property Taxes | 146 Comments

That time when Vernon was cool, until it wasn’t.

From the Record: Remembering Hugh Hefner’s Great Gorge Playboy Club There was much excitement for miles around the North Jersey area when Hugh Hefner built and officially opened The Great Gorge Playboy Club in Vernon in 1972. Some were excited … Continue reading

Posted in New Jersey Real Estate, North Jersey Real Estate | 10 Comments

Hide the Zombies?

From the South Jersey Times: Don’t give N.J. zombie homes the upper hand Owing to its ongoing high rate of residential foreclosures, New Jersey has become known the Land of the Zombie Houses. If a just-filed lawsuit succeeds, the zombie … Continue reading

Posted in Foreclosures, New Jersey Real Estate, South Jersey Real Estate | 80 Comments

So far away

From the Star Ledger: Home prices in N.J. slower to climb than previously thought, report says While New Jersey home prices are climbing steadily, they won’t reach their previous peak for another seven years, according to a report. Jeffrey Otteau … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 28 Comments

March Beige Book

From the Federal Reserve: Beige Book – March 6, 2013 – Second District–New York Economic activity in the Second District has continued to expand at a moderate pace since the last report. Business contacts report some pickup in input price … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 169 Comments

Paying the Sandy Tax

From Bloomberg: Christie Says Damage Costs From Sandy Outside Tax Cap New Jersey Governor Chris Christie said property owners in areas devastated by Superstorm Sandy may face higher tax bills, as local governments exceed his 2 percent cap on annual … Continue reading

Posted in Economics, New Jersey Real Estate, Property Taxes | 172 Comments

Agents and Sellers “adjusted to the new pricing realities”?

From the Record: Bergen, Passaic home prices continue to slide North Jersey home values dropped 3 percent in the first half of this year, bringing Bergen County’s median single-family home price below $400,000 for the first time since the housing … Continue reading

Posted in Economics, Housing Bubble, Housing Recovery, New Jersey Real Estate, Price Reduced | 107 Comments

CoreLogic – Northern NJ/NY Metro home prices up 2.6% YOY in October

From CoreLogic (no link): Home Prices Down 3.9 Percent Year-Over-Year Home prices in the U.S. decreased 1.3 percent on a month-over-month basis, the third consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined … Continue reading

Posted in Housing Recovery, New Jersey Real Estate | 89 Comments