Category Archives: New Jersey Real Estate

Jersey City loses their minds

From the Jersey Journal: Jersey City considers barring property owners from selling homes until they replace lead water lines As the Jersey City Municipality Utility Authority works on removing all lead pipes by 2031, the city council could bar property owners from … Continue reading

Posted in Gold Coast, New Jersey Real Estate | 62 Comments

Blip or recession?

From NJ1015: Record streak for New Jersey job growth snapped in October New Jersey’s economy lost jobs in October for the first time in nearly two years, snapping the state’s longest streak of job growth since at least the 1980s. … Continue reading

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

Deep dive on NJ from the Fed

From Liberty Street Economics @ The NY Fed: A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom Since the start of the pandemic, home prices in the U.S. have increased by an astonishing 40 percent. The New … Continue reading

Posted in Economics, Employment, Housing Bubble, New Jersey Real Estate, North Jersey Real Estate, NYC | 58 Comments

Price Reduced! Superstar!

From the Star Ledger: One of the oldest log cabins in the U.S. is up for sale — again — in N.J. It’s a case of history repeating itself, this time at a much marked-down price. Billed as “the oldest … Continue reading

Posted in New Jersey Real Estate, Price Reduced | 163 Comments

Slowdown in NJ?

From the Star Ledger: Here are the N.J. towns where the housing market may be cooling the most Here are the New Jersey towns that have the largest supply of houses and how many months supply they have, according to … Continue reading

Posted in New Jersey Real Estate | 60 Comments

No recession in NJ’s industrial markets

From NJBIZ: Industrial real estate sector closes Q3 with strong fundamentals Rounding the corner on 2022, the industrial real estate sector closed the third quarter with strong fundamentals. The vacancy rate is under 3% while rents continue to grow as … Continue reading

Posted in Economics, New Jersey Real Estate | 75 Comments

Foreclosures coming?

From Patch: NJ Housing Market Troubles Loom As Foreclosures Surge: Reports With inflation still high, foreclosures nearing pre-pandemic levels and a recession potentially looming, new analysis warns that New Jersey has some of the nation’s most vulnerable housing markets. Meanwhile, … Continue reading

Posted in Economics, Foreclosures, Mortgages, New Jersey Real Estate | 18 Comments

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