Category Archives: New Jersey Real Estate

Will transition to rentership put ownership even further out of reach?

Posted on March 5, 2018 by grim

From the WSJ, hat tip hoodafa: Why New Jersey’s Soaring Foreclosures Are Good for the Housing Market New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market. While bank repossessions across … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate | 93 Comments

Who is to blame?

Posted on March 4, 2018 by grim

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

Keep Manhattan, just give me that countryside

Posted on February 26, 2018 by grim

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Governor who?

Posted on February 21, 2018 by grim

From NJ Spotlight: SWEENEY FORGES AHEAD WITH STATE TAX POLICY REVIEW, NO INPUT FROM MURPHY TEAM Major changes to the federal tax code recently enacted in Washington, D.C. may have significant and unexpected impact on the state economy, according to … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 67 Comments

NJ’s tax scheme … will fail

Posted on February 16, 2018 by grim

From the Star Ledger: Here’s how N.J. lawmakers propose to save your property tax break The state Senate began its work Thursday devising a way to prevent New Jersey taxpayers from losing a popular property tax break as a result … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 167 Comments

Comp Killer – Saddle River Edition

Posted on February 14, 2018 by grim

From Variety: Mary J. Blige Faces Huge Loss on New Jersey Estate Mary J. Blige is riding a well-deserved professional crest with two Oscar nominations — one for supporting actress and one for original song, both for the acclaimed Netflix … Continue reading →

Posted in Comp Killer, New Jersey Real Estate | 61 Comments

Downtown JC going to pay up

Posted on February 8, 2018 by grim

From the Jersey Journal: 10 homes socked with huge tax hikes thanks to Jersey City reval Jersey City is conducting its first complete property revaluation since 1988 and the new assessments have started rolling in. Appraisal Systems, the company hired … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 75 Comments

“Homeownership has lost its allure”

Posted on February 7, 2018 by grim

From the Star Ledger: Who wants to buy a home in New Jersey? And what happened to the American Dream It used to be part of the American Dream — the cute house in the suburbs with a garage and … Continue reading →

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 85 Comments

We like it here … but

Posted on February 6, 2018 by grim

From the Star Ledger: N.J. is a good place to live but the taxes stink, residents say New Jerseyans are conflicted. A vast majority love their neighborhoods and most say the state is a good place to live, according to … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 114 Comments

January MarketNews

Posted on February 1, 2018 by grim

From Otteau Group: This topic has caused quite a stir, with some forecasters predicting ‘Armageddon’ and that the ‘The Sky is Falling’! Contrary to these claims, our analysis indicates that most existing homeowners and homebuyers in New Jersey and New … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 192 Comments

So what’s in store for NJ?

Posted on January 29, 2018 by grim

From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Property Taxes | 93 Comments

Taxing to fix the tax problem

Posted on January 26, 2018 by grim

From City Journal: New Jersey’s Tired Tax Tricks “New Jersey needs tax reform to guarantee relief from soaring taxes.” That was the plea Brendan Byrne, a Democratic former governor of the Garden State, made 43 years ago to a group … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 157 Comments

Looks like we got a loophole

Posted on January 24, 2018 by grim

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading →

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

NJ about to become more affordable

Posted on January 23, 2018 by grim

From the Record: Wall Street warns New Jersey home values could tumble 7.5 percent A pair of federal and state tax policy decisions could deliver a double whammy to New Jersey and its homeowners, a Wall Street credit-rating agency warned … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 83 Comments

Hackensack is hot?

Posted on January 22, 2018 by grim

From the NY Times: Hackensack, N.J.: Small, Ethnically Diverse and Affordable Hackensack, N.J., could not have been farther off the radar screen when Bibi Masara and her two teenagers began looking to move from the Bronx. Ms. Masara, 41, who … Continue reading →

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