Category Archives: New Jersey Real Estate

School are shrinking – why aren’t taxes dropping?

Posted on August 13, 2017 by grim

From RT40: Mapping New Jersey’s Shrinking School Districts More than half of New Jersey’s school districts have shrunk in the last six years, reflecting wider population moves toward urban areas as well as net migration from the state. School districts … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Property Taxes | 51 Comments

Wise up NJ, or get left behind.

Posted on August 11, 2017 by grim

From the Record: New Jersey’s suburban economy’s existential crisis A new study suggests that New Jersey could expand its economy by $150 billion and create a quarter-million new jobs over the next decade by making a number of policy changes … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 49 Comments

Not iffy, recovering, but slowly

Posted on August 10, 2017 by grim

From NJ101.5: The bright side of NJ’s iffy housing market Featuring a worst-in-the-nation foreclosure rate and a significant inventory shortage, New Jersey’s housing market is far from perfect and still reeling from the economic downturn of late last decade. But, … Continue reading →

Posted in Economics, New Jersey Real Estate | 68 Comments

New York – Highest Foreclosure Rate in the Nation

Posted on August 9, 2017 by grim

CoreLogic released their monthly delinquency data yesterday, deep in there was an important little stat on the overall foreclosure rate, which NJ has been at the top of the charts for the last two years. For at least the last … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 66 Comments

Want to live in a spy house?

Posted on July 27, 2017 by grim

From the Record: Russian spy home in Montclair to be sold and renovated Marquette Road is a quiet, sleepy block in the northern part of Montclair near the town’s border with Clifton. The kind of block where Russian spies could … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 51 Comments

We can’t build anything anymore…

Posted on July 17, 2017 by grim

From Salon: Chris Christie’s era of misrule in Jersey: The empty swamp mall and the canceled tunnel While Gov. Chris Christie’s Bridgegate gambit rightfully helped kneecap his presidential run, it was his cancellation, in 2010, of a trans-Hudson rail tunnel … Continue reading →

Posted in National Real Estate, New Development, New Jersey Real Estate, Politics | 102 Comments

50 years later

Posted on July 12, 2017 by grim

From the Star Ledger: Race, riots and reputation: Has N.J.’s largest city recovered? To this day, you look at so many of the abandoned buildings, the light manufacturing, the old jewelry business, you walk around downtown, you still see the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Unrest | 75 Comments

NJ’s Non-gentrified Urban Future

Posted on July 9, 2017 by grim

A glimpse into what NJ’s urban future will look like. Ever increasing property taxes will create a situation where the urban poor can no longer afford to even pay their property taxes, leading to property tax foreclosures in massive numbers. … Continue reading →

Posted in Demographics, Economics, Foreclosures, New Jersey Real Estate, Property Taxes | 25 Comments

Better by 2018? Not likely.

Posted on July 7, 2017 by grim

From NJ Spotlight: NEW JERSEY’S ECONOMIC OUTLOOK FOR 2018 IS SO-SO, ACCOUNTANTS SAY Despite New Jersey’s solid year of job growth in 2016, a recent survey of the state’s certified public accountants suggests few of them believe economic conditions will … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 46 Comments

March 2019? Yeah, right.

Posted on June 30, 2017 by grim

From the Record: American Dream Meadowlands finalizes $2.8B in construction financing; work resumes A complex $2.8 billion closing on construction financing for American Dream Meadowlands was completed on Thursday, locking in the funds developers say they need to finish the … Continue reading →

Posted in New Development, New Jersey Real Estate | 90 Comments

Time for Newark

Posted on June 29, 2017 by grim

From the Commercial Observer: Five Reasons to Pay Attention to Newark Of all the commuter cities west of the Hudson River, Newark, N.J., gets the least respect from real estate professionals. Some of the reasons for this are understandable; Newark … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 50 Comments

May Otteau MarketNEWS

Posted on June 27, 2017 by grim

From Otteau Group: NJ Purchase Contracts Bounce Back in May After recording a 7% decline in April, home purchase contracts in New Jersey increased by 11% compared to the same month last year. Given the 9% increase during May of … Continue reading →

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

King of the hill, top of the heap.

Posted on June 26, 2017 by grim

From the Star Ledger: Recent college grads are leaving N.J. in record numbers. Here’s why. The bed is on an elevated bunk. Below the bed is a desk, dressed with items from college: clothes, books and accessories. The floor is … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 52 Comments

Do so at your own peril

Posted on June 23, 2017 by grim

From the Record: Millennial generation shunning the suburbs for city life They want the bustle. They want the convenience. They want the diversity. In short, they want the city and not the suburbs – even after their children start school. … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 81 Comments

What Jersey Thinks

Posted on June 19, 2017 by grim

From the Star Ledger: Christie says N.J. economy is better. Here’s what voters think. Gov. Chris Christie has declared in recent months that New Jersey’s economy has vastly improved — but a new poll shows most voters aren’t feeling good … Continue reading →

Posted in Economics, New Jersey Real Estate | 86 Comments