Category Archives: New Jersey Real Estate

Murphy taxes online sales

Posted on October 5, 2018 by grim

From InsiderNJ: Now Law: Burzichelli & Moriarty Bill to Require Marketplace Facilitators & Certain Remote Sellers to Pay NJ Sales Tax Legislation sponsored by Assemblymen John Burzichelli and Paul Moriarty to ensure a level playing field between brick-and-mortar businesses and … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 134 Comments

Rent a shore house, pay a new tax, unless you use a realtor

Posted on October 4, 2018 by grim

One of the most disgusting pieces of protectionist legislation I’ve ever seen. From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 38 Comments

Otteau: September Update

Posted on October 2, 2018 by grim

From the Otteau Group: September MarketNews Home purchase contracts in New Jersey declined in August by 2% compared to the same month last year. Almost half of the markets in NJ have seen a decline in the pace of home … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 122 Comments

Foreclosure problem, or borrowing problem?

Posted on September 27, 2018 by grim

From MarketWatch: A decade after the housing crisis, foreclosures still haunt homeowners Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 99 Comments

Home rule crippling NJ’s future

Posted on September 24, 2018 by grim

From NJ Spotlight: THE CHALLENGE FACING NEW JERSEY’S SUBURBS: ‘ADAPT IN ORDER TO SURVIVE’ Could suburban communities really empty out if officials don’t plan better to meet the demand for vibrant, walkable neighborhoods? If recent population settlement patterns continue, and … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Politics | 120 Comments

Good thing it never rains in NJ

Posted on September 20, 2018 by grim

From WHYY: New Jersey unprepared for next economic downturn, say ratings agencies Ten years after the Great Recession, more and more states are bulking up their financial reserves to prepare for another economic downturn. But not the Garden State. According … Continue reading →

Posted in Economics, New Jersey Real Estate | 74 Comments

We’re #1! In flipped properties.

Posted on September 11, 2018 by grim

From NJ101.5: Home flipping down, but not in New Jersey Home “flipping” — buying and selling a dwelling quickly after renovations for a profit — is slowing in most parts of the country. But flipping activity in New Jersey is … Continue reading →

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

NJ economic growth at 18 year high

Posted on September 7, 2018 by grim

From Bloomberg: New Jersey’s Economy Gains, Still Lags New York: NY Fed Data The Garden State is growing. New Jersey’s economy accelerated at the fastest pace in almost 18 years though it lags neighboring New York state as it has … Continue reading →

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

Fighting against the “look” of urbanism

Posted on September 6, 2018 by grim

It’s ok, it’s less ‘urban’ if we make it look like a completely fake “farm”. From the Record: Montvale Planning Board members call plans for Mercedes-Benz site ‘too urban’ The housing and shopping center design for the former Mercedes-Benz headquarters … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 49 Comments

More like “Land of the Lost”

Posted on September 5, 2018 by grim

From ROI-NJ: Murphy tells ROI: ‘We’re the land that time forgot here in terms of the development of this economy’ Following in the footsteps of the president under whom he served, Gov. Phil Murphy is trying to bring an innovation … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 72 Comments

Sky is the limit for NJ … taxes

Posted on September 4, 2018 by grim

From the Record: Analysis: NJ economic growth won’t sustain Murphy’s agenda, adding pressure to raise taxes Fresh off striking a budget deal that included $1.6 billion in new taxes, Gov. Phil Murphy said he was banking on strong economic growth … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 37 Comments

August Otteau Report

Posted on August 29, 2018 by grim

From Otteau Group: MarketNEWS August 2018 Edition The number of home purchase contracts in New Jersey increased by 4% during July compared to the same month last year. There has however been a noticeable change in the mood of the … Continue reading →

Posted in Economics, New Jersey Real Estate | 49 Comments

Who does this?

Posted on August 28, 2018 by grim

From the Star Ledger: ‘My Lowe’s contractor doesn’t care, and Lowe’s doesn’t either,’ homeowner claims When CherylAnne and Mike Amendola decided to expand and renovate the kitchen in their Lincoln Park home, they knew it would be a big job. … Continue reading →

Posted in New Development, New Jersey Real Estate | 82 Comments

Someone is still investing in NJ

Posted on August 27, 2018 by grim

From ROI-NJ: Angel investors put nearly $39M into N.J. economy in first half of 2018 The New Jersey Economic Development Authority has approved 60 Angel Investor Tax Credit program applications this year, helping to put nearly $39 million into 20 … Continue reading →

Posted in Economics, New Jersey Real Estate | 31 Comments

Good month for jobs in NJ

Posted on August 22, 2018 by grim

From the APP: NJ job market surges in July; here are 3 places hiring It’s a good time to go job hunting in the Garden State. The New Jersey economy added thousands of jobs in July, and the state’s unemployment … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 115 Comments