Category Archives: New Jersey Real Estate

Monmouth foreclosures up (but the number is tiny)

Posted on April 17, 2025 by grim

From NJ1015: This county had the sharpest increase in foreclosures in NJ If you’ve been following the housing market in New Jersey, you already know it’s been a bit of a rollercoaster. Between rising interest rates, high home prices, and … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Risky Lending, Shore Real Estate | 49 Comments

NJ economy softening?

Posted on April 15, 2025 by grim

From nj.com: Layoffs in N.J. double. More than 3,600 jobs are gone this year.  New Jersey saw twice as many layoffs in the first quarter of 2025 than it did last year, even before tariff fears, according to federal labor statistics. There … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

Here comes the inventory?

Posted on April 9, 2025 by grim

From the Bergen Record: Despite still dealing with low inventory, NJ saw a spike in active home listings in March As we get further into spring, real estate activity across the Garden State continues to grow. And while our region … Continue reading →

Posted in Demographics, New Jersey Real Estate | 191 Comments

NJ Property Taxes – Uncapped Liability

Posted on April 1, 2025 by grim

From the Star Ledger: Struggling N.J. school district wants to raise taxes 36% in ‘shocking’ move  Local officials are facing off in Plainfield after the city’s board of education proposed raising local school property taxes by 36% — the district’s … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 139 Comments

Everyone wants to be here

Posted on March 29, 2025 by grim

From the WSJ: This 4-Bedroom Ranch in N.J. Tells You Everything About the Lopsided Housing Market Two houses went on the market for similar prices at about the same time earlier this year. One got 25 offers. The other got … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 66 Comments

Can’t buy, can’t rent

Posted on March 24, 2025 by grim

From the Record: North Jersey’s rental market is among the hottest in the nation. How it compares to 2024 Despite experiencing an end-of-year lull, North Jersey has reclaimed its spot as one of the nation’s most competitive rental markets at … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 38 Comments

Mixed bag for jobs in NJ in Jan

Posted on March 22, 2025 by grim

From NJBIZ: New Jersey posts mixed labor report in January  The New Jersey Department of Labor & Workforce Development is out with the first jobs report of 2025. “New Jersey’s labor market was mixed in January,” said Charles Steindel, former chief economist … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 29 Comments

Jersey Feeling Flush

Posted on March 15, 2025 by grim

From Calculated Risk: CoreLogic: 1.1 million Homeowners with Negative Equity in Q4 2024 CoreLogic® … today released the Homeowner Equity Report (HER) for the fourth quarter of 2024. Nationwide, borrower equity increased by $281.9 billion, or 1.7% year-over-year. The report shows that … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 31 Comments

Taxes don’t make things better?

Posted on March 11, 2025 by grim

From NJ Business Magazine: 80% of CPAs Concerned NJ Budget Will Leave Economy Worse Eighty percent of the 350 certified public accountants (CPAs) surveyed by the New Jersey Society of Certified Public Accountants (NJCPA) after Gov. Phil Murphy proposed his $58.1 … Continue reading →

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

To the moon

Posted on March 9, 2025 by grim

From the Realtors: Revealed: America’s Hottest Housing Markets—and Why Some Buyers Are Happily Paying Over Asking in These Popular Spots New Jersey market is heating up Philadelphia, grouped together with parts of New Jersey and Delaware, saw the greatest improvement … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 51 Comments

The future of NJ office parks

Posted on February 22, 2025 by grim

From RentCafe: Record-Breaking 71K Apartments Set to Emerge From Office Conversions Office-to-apartment conversions are surging in popularity, with 2025 set to reach a record-breaking milestone of almost 71,000 units in the pipeline. This surge comes amid a nationwide shortage of apartments … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development, New Jersey Real Estate | 47 Comments

Where will spring ’25 go?

Posted on February 21, 2025 by grim

From the WSJ: Home Sales Likely Fell in January Home sales in January likely declined, as home prices and mortgage rates remained too high to attract buyers. Sales of previously owned homes likely fell 2.6% in January from December, economists … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 138 Comments

Don’t come here

Posted on February 19, 2025 by grim

From the Record: Property taxes in NJ are still the nation’s most expensive. Property taxes are a thorn in the side of homeowners. While many of us wish we didn’t have to pay them, we don’t have a choice. Just … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 188 Comments

Price growth slowing, but not here

Posted on February 14, 2025 by grim

From Mansion Global: U.S. Home Sellers Are Getting More Flexible on Price as Market Stalls U.S. home buyers faced a less competitive market in January amid a sluggish activity, according to a Redfin report Wednesday.  Homes took longer to sell … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 168 Comments

Spring Market!

Posted on February 9, 2025 by grim

From the Record: NJ housing inventory spiked by 53% from the end of 2024. Our January market update As New Jersey’s real estate market picked back up in January from December’s end-of-year lull, the Garden State saw significant increases in … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 33 Comments