Category Archives: New Jersey Real Estate

But Murphy said we should be happy to pay

Posted on February 27, 2023 by grim

From Patch: Wyckoff Rep. Sounds Alarm On ‘Exodus’ Of Jobs, People From New Jersey Fifth District Rep. Josh Gottheimer is sounding the alarm on what he said is an “exodus” of jobs and people from New Jersey. In his State … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 35 Comments

Shocker, Americans Misinformed

Posted on January 25, 2023 by grim

From the Hill: Survey finds Americans wildly misinformed on housing market  A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes.   Twenty-eight million Americans plan to purchase a … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 84 Comments

Landlords making Newark unaffordable?

Posted on January 23, 2023 by grim

From Patch: Corporations Own Most Of Newark’s Homes. New Laws Are Pushing Back It wasn’t long ago that a study from the Rutgers Center on Law, Inequality and Metropolitan Equity made a startling claim about home ownership in New Jersey’s largest city: … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 130 Comments

32 months of job growth

Posted on January 20, 2023 by grim

From the NJ Department of Labor and Workforce Development: NJ’s Job Gains Continue with Slight Uptick in December New Jersey’s labor market grew slightly in December, adding 1,400 nonfarm jobs to a seasonally adjusted level of 4,265,700, according to preliminary estimates produced … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 58 Comments

Oh that’s a cute idea, good luck.

Posted on January 18, 2023 by grim

From NJ.com: Companies are flocking back to the U.S. Let’s get them to move here. It’s the time of year when many people make New Year’s resolutions. Some people might go on a diet, or start working out. New Jersey … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Politics | 87 Comments

You’ll all be famous

Posted on December 22, 2022 by grim

From the Star Ledger: Netflix unveils huge $903M plan for N.J. production studios at ex-military base Netflix unveiled plans Wednesday for an investment of $903 million into a production facility at the former Fort Monmouth in New Jersey that would … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 111 Comments

NJ UE 3.4%

Posted on December 20, 2022 by grim

From NJ Business Magazine: NJ’s Unemployment Rate Remains Steady at 3.4% The state’s unemployment rate remained steady at 3.4% in November. Employment reached a seasonally adjusted level of 4,257,900, with nonfarm employment increasing by 11,700 jobs for the month on … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 128 Comments

Jersey City loses their minds

Posted on November 28, 2022 by grim

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?

Posted on November 18, 2022 by grim

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

Posted on November 14, 2022 by grim

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!

Posted on October 25, 2022 by grim

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?

Posted on October 24, 2022 by grim

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

Posted on October 10, 2022 by grim

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?

Posted on September 25, 2022 by grim

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

Posted on August 11, 2022 by grim

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