Category Archives: New Jersey Real Estate

Zillow Home Price Forecast

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, NYC | 90 Comments

Montclair #4 in the country

From Patch: NJ Town’s Real Estate Market Named One Of The Hottest In U.S.: Report Montclair is not only the hottest town in New Jersey for real estate, but the fourth hottest in the entire country, according to Realtor.com data … Continue reading

Posted in New Jersey Real Estate | 125 Comments

A new era in NJ politics? Thanks Murphy!

From CNN: Federal court scraps New Jersey’s controversial ‘county line’ ballot design Voting rights advocates scored a major victory Friday in New Jersey when a federal judge struck down the use of a controversial primary ballot design that favored party-backed candidates. The … Continue reading

Posted in New Jersey Real Estate, Politics | 35 Comments

NJ Loses Jobs

From NJ Spotlight News: NJ Recorded loss of 5,300 jobs in February For the first time in seven months, nonfarm employment has decreased in New Jersey. The U.S. Bureau of Labor Statistics reported a decrease by 5,300 jobs in February to reach … Continue reading

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

Transit-based redevelopment

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

This is the top 20?

From NJ1015: The top 10 hottest towns in New Jersey to buy a home

Posted in Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 33 Comments

NJ rents only up 2.3%?

From the Bergen Record: Here’s what rent prices look like in NJ, and the US, at the start of 2024 As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay … Continue reading

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

Eatontown = Hollywood?

From NJ.com: Netflix plan to build massive N.J. studio gets key approval Netflix’s plans to build a $903 million production studio complexat the former Fort Monmouth army base got a key approval from a local board Wednesday. The Fort Monmouth Economic … Continue reading

Posted in Economics, Employment, New Development, New Jersey Real Estate, Shore Real Estate | 43 Comments

Free and Clear

From NJ.com: More than 1 in 3 N.J. homes now mortgage free in major home debt shift More than one-third of homes in New Jersey are mortgage free, mirroring national trends and reaching new highs, federal data shows. U.S. Census … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Jersey Real Estate | 37 Comments

Sold out, come back again later.

From NJ.com: New listings of homes for sale plummeted 10% or more in these 7 N.J. counties. See latest prices. More than half of New Jersey counties saw fewer homes hit the real estate market in January with seven counties … Continue reading

Posted in Economics, Housing Bubble, New Jersey Real Estate | 8 Comments

Uh oh…

From NJ.com: New listings of home sales spiked 72% in this N.J. county. Latest rankings by county.

Posted in Economics, Housing Bubble, New Jersey Real Estate | 78 Comments

NJ Homes for $1

From Patch: $1 Homes For Sale In Newark; Public Lottery Will Mark Milestone Buy a house for a buck? That’s the dream that’s about to become reality for some lucky Newark families on Monday, when the city launches its first … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 64 Comments

So much for 2023…

From the NJ Association of Realtors: Monthly Indicators – December 2023 From NJ Business Magazine: Closed Home Sales in NJ Down 22.1% in 2023 New Jersey Realtors has released its 2023 year-end residential real estate housing market data revealing the … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 129 Comments

Fairest lawn of all

From NJ.com: Bidding war results in suburban N.J. home selling for $115K over the asking price A house in Fair Lawn was priced to sell – and it sure did. For more than $100,000 over the asking price.

Posted in Housing Bubble, New Jersey Real Estate | 75 Comments

You’ve got to be crazy to live in NJ

No, just tripping. From the Record: NJ looks to make magic mushrooms legal for recreational use and to treat mental health It took at least five years of public debate, lobbying and bill amendments for New Jersey to make marijuana … Continue reading

Posted in Humor, New Jersey Real Estate | 51 Comments