Category Archives: New Jersey Real Estate

NJ Shutdown Ahead

Posted on May 30, 2023 by grim

From Insider NJ: Murphy Unlocks the Nuclear Launch Codes Skipping over the preliminaries — meetings, discussions, negotiations or compromises with legislative leaders — Gov. Phil Murphy went directly to the nuclear option— shutting down state government on July 1 if … Continue reading →

Posted in Demographics, New Jersey Real Estate, Politics, Property Taxes | 66 Comments

Hottest in NJ?

Posted on May 24, 2023 by grim

From NJ1015: These NJ counties have some of the hottest real estate markets This will come as no surprise to anyone who’s been house shopping in New Jersey for the past few years, but the Garden State is home to … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 182 Comments

Does anyone still work in NYC?

Posted on May 16, 2023 by grim

From the NY Post: New Jersey Gov. Phil Murphy attempts to woo New Yorkers in retaliation for congestion tax The grass is greener in the Garden State? New Jersey Gov. Phil Murphy sure wants you to think so! Murphy is … Continue reading →

Posted in Demographics, Economics, Gold Coast, New Jersey Real Estate, NYC | 52 Comments

The New New Jersey

Posted on May 9, 2023 by grim

From ROI-NJ: Why mixed-use, multifamily housing will continue to escalate in northern N.J. Multihousing development through ground-up construction and asset repositioning has eclipsed historical levels of activity within the northern New Jersey and the greater metro New York City areas, … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 241 Comments

Yep…

Posted on May 6, 2023 by grim

From Yahoo Finance: Rich millennials are spending millions to knock down beautiful houses in the NYC suburbs to build mansions as housing wars rage on Just across the Hudson River from New York City, sit suburban communities like Ridgewood, New … Continue reading →

Posted in Demographics, Housing Bubble, New Jersey Real Estate, NYC | 43 Comments

Snooki the mogul

Posted on May 1, 2023 by grim

From 94.3: ‘Snooki’ Strikes Gold with Stunning Secret New Jersey Waterfront Flip Did you know that Nicole ‘Snooki’ Polizzi had a waterfront vacation home in Brick? Most of us knew about the home the couple purchased in Toms River (tour … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 37 Comments

Paycheck to Paycheck

Posted on April 28, 2023 by grim

From the Record: Report: 37% of working families in NJ struggled to make ends meet during COVID pandemic A new report shows that 37% of New Jersey households — 1.3 million families — were not able to afford basic necessities … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 65 Comments

It’s that kind of market?

Posted on April 27, 2023 by grim

From, uh, does it matter? Tips To Win a Bidding War In a seller’s market, when demand is high and inventory is low, buyers often have to go above and beyond to make sure their offer stands out from the … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 88 Comments

Let the borrowing begin!

Posted on April 18, 2023 by grim

From the Star Ledger: N.J. credit rating gets two more upgrades from Wall Street as state coffers overflow  New Jersey’s credit rating has won two more upgrades from Wall Street’s major rating agencies, bringing the number of upgrades to three … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 73 Comments

Vacancies and Zombies

Posted on April 4, 2023 by grim

From ATTOM Real Estate: Top 10 U.S. Housing Markets with Zombie Properties in Q1 2023 From the Record: North Jersey office vacancy hits 14-year high amid uncertain economy, report finds The flight from offices triggered by the COVID-19 pandemic showed no signs … Continue reading →

Posted in Crisis, Demographics, Economics, New Jersey Real Estate | 97 Comments

Lowball! Alpine Edition

Posted on April 1, 2023 by grim

From NJ1015: New Jersey’s most expensive home finally sells — look inside The Stone Mansion in Alpine — New Jersey’s most expensive home for sale — has finally sold years after it was listed. The sale price, which started out … Continue reading →

Posted in Housing Bubble, Lowball, New Jersey Real Estate | 84 Comments

NJ adds 4,600 jobs in Feb

Posted on March 24, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Strong Labor Market Continues in February New Jersey continued to experience a strong labor market, preliminary estimates produced by the U.S. Bureau of Labor Statistics show, with 4,600 nonfarm jobs … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 116 Comments

Welcome to the Top 10

Posted on March 9, 2023 by grim

From CoreLogic: US Home Price Insights – March 2023 January 2023 National Home Prices Home prices nationwide, including distressed sales, increased year over year by 5.5% in January 2023 compared with January 2022. On a month-over-month basis, home prices declined … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 110 Comments

Billion Dollar Jersey Stimulus?

Posted on March 2, 2023 by grim

From TAP: Nearly 1.7 Million New Jerseyans Applied for the ANCHOR Property Tax Relief Program Approximately 1.7 million New Jersey homeowners and renters applied for the first year of the State’s historic ANCHOR property tax relief program, announced Governor Phil … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 43 Comments

We’re spending more … for you!

Posted on March 1, 2023 by grim

From Politico: Murphy outlines $53B plan for ‘Next New Jersey’ in budget speech Gov. Phil Murphy on Tuesday outlined a $53.1 billion budget that supports what he calls the “Next New Jersey” as the state faces the prospect of a recession after … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 65 Comments