Category Archives: New Jersey Real Estate

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

Covid claims another

Posted on June 15, 2024 by grim

From NorthJersey.com: Coach USA bus company files for bankruptcy. How will it impact NJ riders? Paramus-based Coach USA — one of the largest private bus companies in the country — filed to begin Chapter 11 bankruptcy proceedings this week. Dan … Continue reading →

Posted in Crisis, Employment, New Jersey Real Estate, NYC | 16 Comments

Pays to own a home in NJ

Posted on June 13, 2024 by grim

(Until it doesn’t) From CoreLogic: Homeowner Equity Insights – Q1 2024 CoreLogic analysis shows U.S. homeowners with mortgages (roughly 62% of all properties*) have seen their equity increase by a total of $1.5 trillion since the first quarter of 2023, … Continue reading →

Posted in Economics, Mortgages, National Real Estate, New Jersey Real Estate | 85 Comments

Still hot

Posted on June 9, 2024 by grim

From NorthJersey.com: Real estate update: May marks 7th month of housing inventory growth across the nation May marked the seventh consecutive month of housing inventory growth across the nation, signaling that the number of homes for sale may slowly be returning to … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 20 Comments

Until AI takes over

Posted on May 30, 2024 by grim

From the APP: College pays off in NJ: 7th highest median earnings for graduates If you’re graduating from a New Jersey college, you might be in great shape. According to a new study, the Garden State ranks in the top … Continue reading →

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

New high for Hudson

Posted on May 27, 2024 by grim

From NJ.com: N.J. home got $350K over asking, making it the most expensive sale in its county this year Five days is all it took for this Hoboken brownstone to go under contract for $350,000 more than its asking price. … Continue reading →

Posted in Gold Coast, Housing Bubble, New Jersey Real Estate, NYC | 9 Comments

Northeast the strongest?

Posted on May 8, 2024 by grim

From Fast Company: As the Northeast housing market heats up, Florida’s is cooling down Researchers at John Burns Research and Consulting (JBREC) publicly released the results from their March survey of real estate agents, and it paints an interesting picture. It aligns … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 73 Comments

Uh oh.. NJ hits peak-warehouse

Posted on May 5, 2024 by grim

From NJ Spotlight News: Warehouse industry reports point to possible slowdown Recent data from state and industry sources shows a sharp slowing in the number of building permits issued for warehouse construction last year in New Jersey. Those sources also … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 22 Comments

Inventory shifts positive?

Posted on May 3, 2024 by grim

From the Star Ledger: Real estate update: These NJ counties saw home inventory increase in April Across New Jersey, 13 counties saw an increase in new home listings compared with April 2023. And, the number of new listings also increased … Continue reading →

Posted in General, Housing Bubble, New Jersey Real Estate | 75 Comments

Zillow Home Price Forecast

Posted on April 24, 2024 by grim

From Zillow: Zillow Home Value and Home Sales Forecast (March 2024) Zillow’s home value forecast calls for 1.9% growth over 2024 – slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over … Continue reading →

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

Montclair #4 in the country

Posted on April 8, 2024 by grim

From Patch: NJ Town’s Real Estate Market Named One Of The Hottest In U.S.: Report Montclair is not only the hottest town in New Jersey for real estate, but the fourth hottest in the entire country, according to Realtor.com data … Continue reading →

Posted in New Jersey Real Estate | 125 Comments