Category Archives: New Jersey Real Estate

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

A new era in NJ politics? Thanks Murphy!

Posted on April 2, 2024 by grim

From CNN: Federal court scraps New Jersey’s controversial ‘county line’ ballot design Voting rights advocates scored a major victory Friday in New Jersey when a federal judge struck down the use of a controversial primary ballot design that favored party-backed candidates. The … Continue reading →

Posted in New Jersey Real Estate, Politics | 35 Comments

NJ Loses Jobs

Posted on March 27, 2024 by grim

From NJ Spotlight News: NJ Recorded loss of 5,300 jobs in February For the first time in seven months, nonfarm employment has decreased in New Jersey. The U.S. Bureau of Labor Statistics reported a decrease by 5,300 jobs in February to reach … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 97 Comments

Transit-based redevelopment

Posted on March 14, 2024 by grim

From Newsweek: Housing Market Solution Could Help New Jersey New Jersey might have just found a solution to its affordable housing crisis, and it involves the undeveloped land outside of its transit system. The Regional Plan Association found 74,000 acres of land … Continue reading →

Posted in Demographics, Housing Bubble, New Development, New Jersey Real Estate, Politics | 95 Comments

This is the top 20?

Posted on March 7, 2024 by grim

From NJ1015: The top 10 hottest towns in New Jersey to buy a home

Posted in Economics, Housing Bubble, New Jersey Real Estate, Where's the Beef? | 33 Comments

NJ rents only up 2.3%?

Posted on March 4, 2024 by grim

From the Bergen Record: Here’s what rent prices look like in NJ, and the US, at the start of 2024 As home prices have continued to soar and mortgage rates remain high, many would-be first-time buyers are opting to stay … Continue reading →

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

Eatontown = Hollywood?

Posted on February 24, 2024 by grim

From NJ.com: Netflix plan to build massive N.J. studio gets key approval Netflix’s plans to build a $903 million production studio complexat the former Fort Monmouth army base got a key approval from a local board Wednesday. The Fort Monmouth Economic … Continue reading →

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

Free and Clear

Posted on February 20, 2024 by grim

From NJ.com: More than 1 in 3 N.J. homes now mortgage free in major home debt shift More than one-third of homes in New Jersey are mortgage free, mirroring national trends and reaching new highs, federal data shows. U.S. Census … Continue reading →

Posted in Demographics, Economics, Mortgages, National Real Estate, New Jersey Real Estate | 37 Comments

Sold out, come back again later.

Posted on February 19, 2024 by grim

From NJ.com: New listings of homes for sale plummeted 10% or more in these 7 N.J. counties. See latest prices. More than half of New Jersey counties saw fewer homes hit the real estate market in January with seven counties … Continue reading →

Posted in Economics, Housing Bubble, New Jersey Real Estate | 8 Comments

Uh oh…

Posted on January 31, 2024 by grim

From NJ.com: New listings of home sales spiked 72% in this N.J. county. Latest rankings by county.

Posted in Economics, Housing Bubble, New Jersey Real Estate | 78 Comments