Category Archives: New Jersey Real Estate

NJ Makes!

Posted on October 10, 2024 by grim

From the APP: NJ manufacturing doing better than you think, making these things you’d never imagine Each month, Unex Manufacturing Inc. executives get a phone call or email from an economic development group in another state — Florida, Texas, South … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 150 Comments

Inventory ticking up, but NJ market absorbs it

Posted on October 8, 2024 by grim

From NorthJersey.com: How North Jersey’s real estate market performed in September as interest rates decline How much has North Jersey’s housing inventory changed? Eighteen of New Jersey’s 21 counties had an increase in new listings compared with September 2023, and … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, North Jersey Real Estate | 115 Comments

So much for NJ’s economy

Posted on September 30, 2024 by grim

From Reuters: US East Coast port strike looms Tuesday with no talks scheduled U.S. East and Gulf Coast port workers are set to go on strike at midnight on Monday with no talks currently scheduled to head off a stoppage … Continue reading →

Posted in Crisis, Economics, New Jersey Real Estate, Politics, Unrest | 195 Comments

NJ loses jobs in August

Posted on September 21, 2024 by grim

From ROINJ: New Jersey payrolls decline in August; unemployment rate at 4.8%  New Jersey recorded a decrease of 4,400 jobs between July and August, bringing the seasonally adjusted total to 4,369,400 jobs, according to Thursday estimates released by the U.S. Bureau … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 18 Comments

Hottest Zip Codes in NJ

Posted on August 22, 2024 by grim

From Fox 5: These NY, NJ towns have the hottest ZIP codes for home sales  Realtor.com has released its 2024 list of hottest zip codes for home sales, and towns in NY and NJ made the list!…Seven of the 10 hottest zip … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 53 Comments

Build baby build

Posted on August 20, 2024 by grim

From NJ.com: One of N.J.’s wealthiest towns to get first luxury apartment complex amid controversy Hundreds of rental units are coming to Colts Neck — one of New Jersey’s wealthiest communities — where developers have already broken ground on the … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate, Shore Real Estate | 84 Comments

That’s all you got?

Posted on August 9, 2024 by grim

From Jersey Digs: Just Sold Alpine Mansion Sets New Jersey’s 2024 Price Record A leafy suburb that regularly ranks as one of the most expensive zip codes in the country is unsurprisingly home to the year’s priciest home sale in … Continue reading →

Posted in New Jersey Real Estate, Where's the Beef? | 147 Comments

New rules, nothing really changes

Posted on August 8, 2024 by grim

From NJ1015: NJ changes home-buying rules: what this means for you Some big changes to the process of buying or selling a home in New Jersey are now in effect. The aim of the new rules, created through legislation that … Continue reading →

Posted in New Jersey Real Estate, Politics | 82 Comments

NJ #2 in price increases

Posted on August 7, 2024 by grim

From CoreLogic: Home-price growth starting to cool: CoreLogic Home prices continue to rise even as low inventory and high mortgage rates are keeping first-time and repeat homebuyers out of the market, but the pace of appreciation is starting to cool. That’s according to CoreLogic’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 109 Comments

Jersey New Listings Fall

Posted on July 26, 2024 by grim

From NJ.com: N.J. real estate listings down slightly. See full list. The number of newly listed homes in New Jersey dropped by less than 1% in June compared to the same time last year, according to Realtor.com. In June, 9,256 listings … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 55 Comments

Why not just lower taxes?

Posted on July 19, 2024 by grim

From NJ.com: The property tax overhaul New Jersey’s property tax breaks, including the popular Senior Freeze and ANCHOR benefits, could soon undergo dramatic changes as the state tries to keep its promise to further cut taxes for senior citizens under the Stay NJ law, according to recommendations released … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 131 Comments

Maybe they aren’t so bad?

Posted on July 16, 2024 by grim

From NorthJersey.com: Really, rankings? These two Jersey cities are consistently ‘the worst.’ We beg to differ Newark and Jersey City are New Jersey’s most populated cities, so it’s no wonder that they’re often the target of the various “worst places” … Continue reading →

Posted in Demographics, Gold Coast, New Jersey Real Estate | 177 Comments

$8m Middle Sedge Mansion Torn Down

Posted on July 7, 2024 by grim

From NBC: Jersey Shore mansion on private island now demolished after abandoned for years It was an unusual house that turned heads for decades along the Jersey Shore. Now, it is no more. The home and adjacent guest house on … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 7 Comments

Jobs strong in NJ

Posted on June 21, 2024 by grim

From the NJBIA: NJ Gains Jobs in May, Unemployment Dips to 4.6%  The state’s unemployment rate declined by one-tenth of a percentage point for the second consecutive month to 4.6% in May, according to U.S. Bureau of Labor Statistics data … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 61 Comments

Anyone can get a $50m loan

Posted on June 19, 2024 by grim

From the Star Ledger: N.J. real estate investor admits role in $54.7M mortgage fraud scheme A New Jersey real estate investor admitted Monday that he was involved in a massive, far-reaching $54.7 million mortgage fraud scheme, federal prosecutors said. Aron … Continue reading →

Posted in National Real Estate, New Jersey Real Estate, Risky Lending | 104 Comments