Category Archives: New Jersey Real Estate

What’s it really cost to live here

Posted on November 29, 2024 by grim

From NJ Digest: NJ Residents Pay More in Taxes Than Anywhere in Nation, New Study Finds  New Jersey residents will pay more in taxes over their lifetimes than those in any other state, according to a recent study by Self Financial. … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 76 Comments

Rethinking outdated public notice requirements

Posted on November 25, 2024 by grim

From the Real Deal: As print publications dwindle, real estate struggles to meet public notice requirements  New Jersey’s largest newspaper, the Star-Ledger, announced last month it would cease print editions beginning early next year. It marks a loss not just … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 86 Comments

150,000 new housing units coming

Posted on October 23, 2024 by grim

From JD Supra: New Jersey Releases Fourth Round Affordable Housing Calculations; Identifies Present and Future Need for 150,000 New Units Throughout State The Department of Community Affairs (DCA) has released its “fourth round” affordable housing calculations for the coming decade, … Continue reading →

Posted in Crisis, Demographics, New Development, New Jersey Real Estate | 55 Comments

Bring on the units

Posted on October 22, 2024 by grim

From Gothamist: After years of delay, former Toys ‘R’ Us headquarters in NJ will be turned into housing Seven years after Toys “R” Us declared bankruptcy, a deal to put a substantial amount of housing on the site of the … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Development, New Jersey Real Estate | 30 Comments

Step it up NJ, don’t be cheap

Posted on October 16, 2024 by grim

From the Record: These six NJ towns were named among nation’s 100 most expensive ZIP codes for homebuying Some know New Jersey for its vast amount of greenery, scenic seasonal destinations and thriving arts scene. But others, especially those who … Continue reading →

Posted in New Jersey Real Estate, Where's the Beef? | 103 Comments

NJ’s warehouse craze over?

Posted on October 3, 2024 by grim

From NJ Spotlight News: Warehouse vacancies rise, fueling claims of an overbuilt market Warehouse vacancies in New Jersey are on the rise, as supply outpaces demand and community groups continue to fight the explosive growth in new construction. The vacancy … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 74 Comments

Where can you afford to buy?

Posted on September 16, 2024 by grim

From NorthJersey.com: These New Jersey towns have the lowest home prices within 30 minutes of New York City In a new study from PropertyShark, the real estate data provider found the 13 communities with the lowest home prices within a … Continue reading →

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

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 | 46 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