Category Archives: New Jersey Real Estate

Dear Mom & Dad…

Posted on April 27, 2025 by grim

From Business Insider: 5 years ago, only 85 US cities had starter homes that cost at least $1 million. Now there are 233. The typical price of a starter home was $1 million or higher in 233 US cities last month, a … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 41 Comments

Is it really collusion if the data is public?

Posted on April 24, 2025 by grim

From Reuters: New Jersey sues RealPage, says collusion with landlords drives up rents New Jersey sued the property management software company RealPage, accusing it and 10 of the state’s largest landlords of conspiring to drive up residential rents, violating federal … Continue reading →

Posted in Crisis, Housing Bubble, New Jersey Real Estate, Politics | 153 Comments

$500k doesn’t get you paradise

Posted on April 22, 2025 by grim

From NJ1015: The price of paradise: New Jersey’s staggering housing market If you’ve been house-hunting lately in New Jersey, you probably didn’t need a national ranking to tell you it’s expensive. But just in case you were wondering, yep, we officially … Continue reading →

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 80 Comments

NJ Loses Jobs in March

Posted on April 21, 2025 by grim

From NJBIA: NJ Hiring Slows in March as Jobless Rate Ticks Up to 4.7%  New Jersey had a net loss of 2,700 jobs during the month of March and the state’s unemployment rate increased slightly to 4.7%, according to preliminary … Continue reading →

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

Monmouth foreclosures up (but the number is tiny)

Posted on April 17, 2025 by grim

From NJ1015: This county had the sharpest increase in foreclosures in NJ If you’ve been following the housing market in New Jersey, you already know it’s been a bit of a rollercoaster. Between rising interest rates, high home prices, and … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate, Risky Lending, Shore Real Estate | 49 Comments

NJ economy softening?

Posted on April 15, 2025 by grim

From nj.com: Layoffs in N.J. double. More than 3,600 jobs are gone this year.  New Jersey saw twice as many layoffs in the first quarter of 2025 than it did last year, even before tariff fears, according to federal labor statistics. There … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 135 Comments

Here comes the inventory?

Posted on April 9, 2025 by grim

From the Bergen Record: Despite still dealing with low inventory, NJ saw a spike in active home listings in March As we get further into spring, real estate activity across the Garden State continues to grow. And while our region … Continue reading →

Posted in Demographics, New Jersey Real Estate | 191 Comments

NJ Property Taxes – Uncapped Liability

Posted on April 1, 2025 by grim

From the Star Ledger: Struggling N.J. school district wants to raise taxes 36% in ‘shocking’ move  Local officials are facing off in Plainfield after the city’s board of education proposed raising local school property taxes by 36% — the district’s … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 139 Comments

Everyone wants to be here

Posted on March 29, 2025 by grim

From the WSJ: This 4-Bedroom Ranch in N.J. Tells You Everything About the Lopsided Housing Market Two houses went on the market for similar prices at about the same time earlier this year. One got 25 offers. The other got … Continue reading →

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

Can’t buy, can’t rent

Posted on March 24, 2025 by grim

From the Record: North Jersey’s rental market is among the hottest in the nation. How it compares to 2024 Despite experiencing an end-of-year lull, North Jersey has reclaimed its spot as one of the nation’s most competitive rental markets at … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 38 Comments

Mixed bag for jobs in NJ in Jan

Posted on March 22, 2025 by grim

From NJBIZ: New Jersey posts mixed labor report in January  The New Jersey Department of Labor & Workforce Development is out with the first jobs report of 2025. “New Jersey’s labor market was mixed in January,” said Charles Steindel, former chief economist … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 29 Comments

Jersey Feeling Flush

Posted on March 15, 2025 by grim

From Calculated Risk: CoreLogic: 1.1 million Homeowners with Negative Equity in Q4 2024 CoreLogic® … today released the Homeowner Equity Report (HER) for the fourth quarter of 2024. Nationwide, borrower equity increased by $281.9 billion, or 1.7% year-over-year. The report shows that … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 31 Comments

Taxes don’t make things better?

Posted on March 11, 2025 by grim

From NJ Business Magazine: 80% of CPAs Concerned NJ Budget Will Leave Economy Worse Eighty percent of the 350 certified public accountants (CPAs) surveyed by the New Jersey Society of Certified Public Accountants (NJCPA) after Gov. Phil Murphy proposed his $58.1 … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 65 Comments

To the moon

Posted on March 9, 2025 by grim

From the Realtors: Revealed: America’s Hottest Housing Markets—and Why Some Buyers Are Happily Paying Over Asking in These Popular Spots New Jersey market is heating up Philadelphia, grouped together with parts of New Jersey and Delaware, saw the greatest improvement … Continue reading →

Posted in Demographics, Economics, Employment, Housing Bubble, New Jersey Real Estate | 51 Comments

The future of NJ office parks

Posted on February 22, 2025 by grim

From RentCafe: Record-Breaking 71K Apartments Set to Emerge From Office Conversions Office-to-apartment conversions are surging in popularity, with 2025 set to reach a record-breaking milestone of almost 71,000 units in the pipeline. This surge comes amid a nationwide shortage of apartments … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Development, New Jersey Real Estate | 47 Comments