Category Archives: New Jersey Real Estate

High property taxes = high rents

Posted on May 12, 2025 by grim

From NorthJersey.com: AI didn’t break New Jersey’s housing market. Politicians did | Opinion On April 23, New Jersey’s Attorney General Matthew Platkin filed a lawsuit targeting AI-driven pricing software using in the housing market, alleging it enables landlords to collude and drive … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, Property Taxes | 82 Comments

Congrats on paying the most taxes

Posted on May 10, 2025 by grim

From the Real Deal: Illinois and New Jersey lead U.S. in highest property tax rates for homes in 2024 Illinois and New Jersey recorded the highest effective property tax rates on single-family homes in 2024, of 1.87 percent and 1.59 … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 40 Comments

Of course NJ knows how to negotiate

Posted on April 18, 2025 by grim

From ESPN (I have no idea, but I’ll take it): New Jersey Homebuyers Rank Among America’s Top Negotiators New Home prices have been on the rise across the United States. In New Jersey, there has been a 12.5% increase in … Continue reading →

Posted in Economics, New Jersey Real Estate, Where's the Beef? | 129 Comments

What’s going to happen to the spring market?

Posted on April 5, 2025 by grim

From NPR: More homes are finally hitting the spring market. Will buyers take the plunge? It’s springtime, and “For Sale” signs are popping up in front of homes across the country. But with so much uncertainty in the economy, it’s … Continue reading →

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate, New Jersey Real Estate | 91 Comments

You need to make more money

Posted on April 4, 2025 by grim

From NorthJersey.com: Six-figure salary needed to buy a home in 30 states. This is how much you’ll need in NJ Earning more than $100,000 a year is something many of us can only dream of. What if we told you … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 193 Comments

NJ adds jobs in January

Posted on March 14, 2025 by grim

From NJBIA: NJ January Jobless Rate Stays Flat at 4.6%  New Jersey private-sector employers added 5,900 jobs during January, but significant losses in the public sector were primarily responsible for an overall drop in total employment to 4,387,700, according to … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 92 Comments

Can’t afford to buy, can’t afford to rent

Posted on March 13, 2025 by grim

From the NY Post: Here’s where rents are rising the fastest in the New York area New Yorkers may feel like the rent hikes never end, but it turns out that Newark, New Jersey residents are at the biggest disadvantage.  … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate, NYC | 105 Comments

NJ just got a little more office space

Posted on March 12, 2025 by grim

From NJBIZ: DOGE cancels NJ leases totaling $2.76M in annual rents  As DOGE continues efforts to purportedly search for savings within the federal government, a number of commercial leases – including in New Jersey – are on the chopping block. Nationwide, … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 60 Comments

Northeast continues to buck the trend

Posted on March 7, 2025 by grim

From CoreLogic: US Home Price Insights –  March 2025 Home price growth remains largely flat in the U.S. as we come out of winter. Although prices are expected to eek out gains in the coming year, there are stark differences … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 98 Comments

Spring Market!

Posted on March 6, 2025 by grim

From the Record: Listings in NJ have increased, but remain well below 2024 levels. Our Feb market update The spring market — which has typically been considered the busiest time for real estate — has brought most New Jersey counties … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 146 Comments

NJ going to cost you a little more next year

Posted on March 3, 2025 by grim

From the Star Ledger: You won’t believe what N.J. is trying to tax now. Here’s the full list.  The list of taxes and fee changes in the proposed budget include: Brand-new taxes: The state anticipates collecting $277 million by taxing go-cart … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 121 Comments

NJ Wealth Tax

Posted on February 28, 2025 by grim

From northjersey.com: Is Murphy’s proposal to increase NJ’s ‘mansion tax’ a good thing? Experts have concerns Gov. Phil Murphy’s 2026 fiscal year budget proposal includes $1.2 billion in new sales taxes and fees on things like alcohol, warehouse truck traffic, drones and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics, Property Taxes | 268 Comments

Trump axes NYC congestion tolls

Posted on February 20, 2025 by grim

From the Hill: Trump declares New York ‘saved’ from congestion pricing: ‘Long live the king!’ President Trump on Wednesday declared New York “saved” after his administration announced it would rescind the Biden-era approval of a congestion pricing plan. “CONGESTION PRICING IS DEAD. … Continue reading →

Posted in New Jersey Real Estate, North Jersey Real Estate, NYC, Politics | 186 Comments

Sounds about right

Posted on February 10, 2025 by grim

From Patch: NJ Residents Struggling To Pay Rent, Mortgages, Study Says: Report If you’re struggling to pay your rent or mortgage on time, you’re not alone. In fact, New Jersey residents are finding it harder than most to manage the … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, New Jersey Real Estate, Risky Lending | 86 Comments

Sorry Jersey

Posted on February 3, 2025 by grim

From the Record: NJ shut out of Zillow’s top 50 housing markets for 2025. Nobody loves New Jersey more than the people who live here. And with its miles of beaches, sprawling green spaces, highly rated restaurants and proximity to … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate, New Jersey Real Estate | 137 Comments