Category Archives: New Jersey Real Estate

Expensive to buy, expensive to rent

Posted on August 6, 2018 by grim

From the Star Ledger: Who the heck can afford N.J.? Search up-to-date prices in every N.J. town for renting, buying If you or anyone you know has been in the New Jersey real estate market, you feel the pain. On … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 119 Comments

Other peoples money

Posted on August 5, 2018 by grim

From the APP: Tax relief better be on the horizon if Phil Murphy wants to get re-elected For more than a decade, the Asbury Park Press has been a tireless advocate for property tax relief. We have written dozens of … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 26 Comments

Where rents have gone up the most

Posted on July 30, 2018 by grim

From the Star Ledger: Rent prices are skyrocketing in these 15 N.J. real estate markets It’s not a renter’s market in New Jersey. The state has the fifth-highest median rent in the nation, along with high housing costs that force … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

Will affordable housing make NJ unaffordable for the rest of us?

Posted on July 28, 2018 by grim

From the Star Ledger: N.J. needs to build 155,000 affordable housing units. No one can agree on how or where As New Jersey reigned as one of the most expensive places in the country to live, the state agency tasked … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 95 Comments

Can we afford to fight national politics on a local level?

Posted on July 23, 2018 by grim

Norcross this morning in the Star Ledger: N.J. Congressman: Murphy wants $15 min. wage by year-end. Let’s do it The best social program is a good job with fair wages and the dignity that comes with it. Last week, Governor … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 204 Comments

NJ’s future of smaller, taller, more expensive apartments

Posted on July 20, 2018 by grim

From ROI NJ: Rutgers Real Estate Center releases landmark study on school-aged children in multifamily properties The number of school-age children in multifamily housing units increases with the number of bedrooms, regardless of the residents’ income level and building product … Continue reading →

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

Blue states throw Republican strategy right back in their face

Posted on July 18, 2018 by grim

From Above the Law: States Are Suing For Their SALT Deductions Back Under The 16th Amendment The Republican tax bill famously capped the deductions for state and local taxes (SALT) at $10,000 for the purposes of federally taxed income. The … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 88 Comments

76% of CPA’s say the new budget is bad

Posted on July 17, 2018 by grim

From Accounting Today: New Jersey CPAs criticize state budget More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 126 Comments

Will we ever get through the backlog?

Posted on July 16, 2018 by grim

From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 105 Comments

What’s going on in Brick?

Posted on July 11, 2018 by grim

From the Shorebeat blog: Brick Has a Major Foreclosure Problem on Its Hands Brick Township’s foreclosure rate is nearly double the state average and five times as high as the national average, leading Brick officials to contract with a firm … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Shore Real Estate | 78 Comments

Time to consolidate NJ

Posted on July 9, 2018 by grim

From the Star Ledger: I was the last mayor of Princeton Township: Consolidation works and we need to stop being afraid of it Consolidation of New Jersey municipalities — especially as it relates to school districts – can result in … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 56 Comments

Haven’t yet returned to bubble pricing

Posted on July 7, 2018 by grim

From the Star Ledger, hat tip Yo: Only these 2 N.J. towns have fully recovered since the housing crash It’s been more than a decade since housing prices in New Jersey began a seven-year slide highlighted by the Great Recession. … Continue reading →

Posted in Housing Bubble, Housing Recovery, New Jersey Real Estate | 23 Comments

New Jersey has a serious problem

Posted on July 4, 2018 by grim

From the Star Ledger: Why paychecks in N.J. aren’t growing as fast as the rest of the U.S. New Jersey hit near rock bottom in wage growth last year as compared to the rest of the country, according to new … Continue reading →

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

So what’s this mean for Jersey?

Posted on July 3, 2018 by grim

From Bloomberg: Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on … Continue reading →

Posted in Comp Killer, Economics, New Jersey Real Estate, NYC | 78 Comments

Murphy concedes to Sweeney, budget passes

Posted on July 2, 2018 by grim

From the Star Ledger: N.J. budget finally signed by Murphy after another really long day at the Statehouse It took far longer than anyone imagined on Sunday, but New Jersey finally has a state budget. The state Legislature put the … Continue reading →

Posted in New Jersey Real Estate, Politics | 82 Comments