Category Archives: New Jersey Real Estate

Not such a deep dive

Posted on January 3, 2022 by grim

From News 12: Deep Dive: Where things stand now for real estate in New Jersey heading into 2022 Where did 2021 stand when it came to real estate in New Jersey? “Home sales were really hot, especially in the beginning … Continue reading →

Posted in Economics, Mortgages, New Jersey Real Estate | 271 Comments

When do we get our recovery?

Posted on December 19, 2021 by grim

From the NY Federal Reserve: The Region Is Struggling to Recover from the Pandemic Recession The pandemic struck the New York-Northern New Jersey region early and hard, and the economy is still struggling to recover nearly two years later. Indeed, employment … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 73 Comments

NJ gets back to work

Posted on December 17, 2021 by grim

From NJ101.5: As jobless benefits end, NJ sees surge in hiring As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing. The Garden … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 247 Comments

Would someone please think of the $550k a year families. They are not rich.

Posted on December 10, 2021 by grim

From the Star Ledger: 96% of N.J. residents would get their full property tax break restored under this Senate plan Efforts to restore the full federal deduction for state and local taxes have run into opposition from some Senate Democrats who want … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 224 Comments

Are they really?

Posted on December 7, 2021 by grim

From NJB: Despite Labor Issues, Companies are Still Eyeing NJ, Panelists Say According to the U.S. Bureau of Labor Statistics, October marked the tenth consecutive month of nonfarm job gains in New Jersey. The state’s private sector employers added more … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 252 Comments

$931,698 – What the average NJ resident will pay in taxes over their life

Posted on December 5, 2021 by grim

From NJ101.5: New Jersey residents pay the most taxes over a lifetime The governor downplays it and the media, the PR arm of the Democrat Party, seem to ignore it. Taxes are and have been the biggest concerns of most … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 86 Comments

You load 16 tons, what do you get?

Posted on December 3, 2021 by grim

From the Star Ledger: Hudson River rail tunnel gets green light from the feds to start building it A major and final bureaucratic hurdle has been cleared by the Gateway Tunnel project after the U.S. Army Corps Of Engineers issued a permit … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 259 Comments

Paying taxes in the Sunshine State

Posted on December 2, 2021 by grim

From the Star Ledger: With no SALT deduction, should I move to Florida? There’s no question that taxes across the board are high in New Jersey when compared with other states, and that most taxes in Florida are lower. To … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 166 Comments

Hiring Stalemate in NJ

Posted on November 30, 2021 by grim

From NJBIZ: NJBIA survey: 3 in 4 NJ employers faced hiring shortages this year Despite waning fears about the COVID-19 pandemic, three out of every four employers said they’ve struggled to find workers this past year, and many said they’re … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 127 Comments

NJ is the state for them!

Posted on November 28, 2021 by grim

From Patch: Every NJ Town’s Average Property Tax Bill In New 2021 List Tavistock Borough, Camden $30,328 Millburn Township, Essex $24,370 Mountain Lakes Borough, Morris $21,625 Tenafly Borough, Bergen $21,552 Demarest Borough, Bergen $21,377 Glen Ridge Borough, Essex $21,214 Rumson … Continue reading →

Posted in Economics, New Jersey Real Estate, Property Taxes | 101 Comments

NJ unemployment a miserable 7.0%

Posted on November 22, 2021 by grim

From ROI-NJ: N.J. employment continues on comeback trail, DOL says New Jersey grew its employment for the 10th consecutive month in October, according to the Department of Labor & Workforce Development, with the unemployment rate ticking lower as well. Preliminary estimates by … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 94 Comments

“I really look forward to Republicans attacking me on restoring the SALT deduction for homeowners in my district”

Posted on November 18, 2021 by grim

From the Star Ledger: Biden bill to bring back property tax deduction for most N.J. homeowners Following President Joe Biden’s signature Monday on a $1 trillion bipartisan infrastructure bill, the House later this week is expected to turn its attention to … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 264 Comments

Does expungement create labor market flexibility and economic benefit?

Posted on November 15, 2021 by grim

I’ve got to imagine nearly a million people in this region essentially locked out of labor market flexibility, now being able to seek out new/better jobs, etc – will have a significant benefit on local market economics and poverty rate. … Continue reading →

Posted in Economics, New Jersey Real Estate | 88 Comments

NJ #3 in post-pandemic foreclosures

Posted on November 10, 2021 by grim

From the Philly Inquirer: Foreclosure starts tick up in Pennsylvania, N.J., and nationwide Three months after the end of a federal foreclosure moratorium intended to keep people in their homes during the pandemic, foreclosure activity continues to increase across the … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 362 Comments

Slow but strong

Posted on October 30, 2021 by grim

From NJ Business: NJ Home Sales Cool, Prices Remain Hot for Fall High prices and low inventory have continued to cool sales throughout New Jersey. While New Jersey saw a slight decline in closed sales the past few months, overall … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 139 Comments