Category Archives: New Jersey Real Estate

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

Paterson Renaissance?

Posted on April 10, 2024 by grim

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

Posted on April 3, 2024 by grim

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.

Posted on April 1, 2024 by grim

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

Posted on March 31, 2024 by grim

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

Posted on March 29, 2024 by grim

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.

Posted on March 28, 2024 by grim

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

Posted on March 25, 2024 by grim

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

Posted on March 19, 2024 by grim

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

NY Metro Rents Skyrocket

Posted on March 18, 2024 by grim

From the Record: Rents are skyrocketing. This report breaks down just how much Housing prices just don’t seem to be letting up. In February, rentals saw the largest increase in price nationwide in more than a year, according to Rent.com’s … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Even AI wants to live in NJ

Posted on March 15, 2024 by grim

From ROINJ: CBRE: New Jersey data centers find AI operators are dominant occupiers of space Strong demand for data center space during the second half of 2023 resulted in a new all-time low vacancy rate for the New York tri-state region, … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 102 Comments

Unexpected demand for Gold Coast rentals

Posted on March 11, 2024 by grim

From NorthJersey.com: Short-term rental demand rose in New Jersey after Airbnb restrictions in New York City It’s been just about six months since New York City placed major restrictions on short-term rental properties like Airbnb — and North Jersey is … Continue reading →

Posted in Economics, Gold Coast, New Jersey Real Estate | 88 Comments

Say YES! to $56k in property taxes

Posted on March 10, 2024 by grim

From the Record: Daybreak, an updated 100-year-old brick mansion in Montclair, hits market for $7.5M

Posted in New Jersey Real Estate, Property Taxes | 26 Comments

Spring has sprung

Posted on March 6, 2024 by grim

From NorthJersey.com: Real estate update: Is North Jersey finally seeing more housing inventory? In February, 19 of New Jersey’s 21 counties saw an increase in new listings over January. Additionally, 12 New Jersey counties saw more new listings this year than … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 141 Comments