Category Archives: New Jersey Real Estate

Poof go the jobs?

Posted on June 16, 2017 by grim

From the Star Ledger: New Jersey lost 13,000 jobs in May New Jersey lost employers cut 14,000 private-sector jobs in May as the unemployment rate held steady at 4.1 percent. The state Department of Labor and Workforce Development reported a … Continue reading →

Posted in Employment, New Jersey Real Estate | 61 Comments

Still #1

Posted on June 13, 2017 by grim

From HousingWire: Foreclosure filings see slight uptick in May The number of foreclosure filings increased slightly in May, but they are still down significantly from the year before, according to ATTOM Data Solutions. Foreclosure filings in May increased to a … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 9 Comments

Ah the good old days

Posted on June 8, 2017 by grim

From NPR – All Things Considered: Before Silicon Valley, New Jersey Reigned As Nation’s Center Of Innovation People from New Jersey are used to defending their state. But, in fact, New Jersey has a history to brag about. Thomas Edison … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 65 Comments

When will the rest of Jersey follow?

Posted on June 1, 2017 by grim

From the Star Ledger: The 19 hottest real estate markets in N.J. are surging Time to separate the wheat from the chaff. New Jersey’s real estate market has been fairly fractured since the Great Recession ended in 2009. A slow … Continue reading →

Posted in Economics, New Jersey Real Estate | 108 Comments

Access = Prosperity

Posted on May 27, 2017 by grim

From the Star Ledger: What causes income inequality among similar N.J. towns? Railroads have historically been instrumental to human development by connecting economic centers and providing people with enhanced access to opportunities. New Jersey is no exception. In the 1830s, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 48 Comments

The New Newark

Posted on May 26, 2017 by grim

From the NYT: Work for Audible, Live Rent-Free? Would you live in Newark if your boss paid your rent for a year? That was the question that Audible.com, the audiobook company, posed to its workers when it announced a housing … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 28 Comments

If not for immigrants, NJ would be sunk

Posted on May 25, 2017 by grim

From the Star Ledger: Immigration is the only thing keeping N.J.’s population afloat, data shows New Jersey came closer to reaching nine million residents last year, but the state’s meager growth slowed its pace toward that milestone, according to new … Continue reading →

Posted in Demographics, New Jersey Real Estate | 15 Comments

Armageddon for NJ

Posted on May 15, 2017 by grim

From the APP: NJ suburbs: Endangered because of millennials? New Jersey’s suburbs, with their sprawling single-family homes and regional malls built to attract baby boomers, need to be re-engineered for a new generation that wants to ditch its cars and … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 103 Comments

Will Trump help NJ home prices?

Posted on May 8, 2017 by grim

From the Star Ledger: The Trump Effect: What will the president mean for Bedminster real estate? Residents of Bedminster are used to getting a blank look whenever they tell people the name of their hometown, followed by a quizzical, “Where?” … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 70 Comments

Otteau April Update

Posted on April 29, 2017 by grim

From the Otteau Group: April MarketNEWS NJ Home Sales Continue to Exhibit Strength In March, the number of contract purchases by home buyers exceeded the same month in the prior year for the 31st consecutive month, reflecting a 10% increase … Continue reading →

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

You were hoping for a job?

Posted on April 25, 2017 by grim

From the Star Ledger: More bad news for office leasing market in N.J., report says Office leading deals in the first quarter in New Jersey has dropped to its lowest level in nearly a decade, the Wall Street Journal reported. … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 126 Comments

Pay Up Jersey City – Just like the rest of us

Posted on April 22, 2017 by grim

From the Jersey Journal: Jersey City homeowners uneasy as long-delayed revaluation begins A five-letter word is causing heartburn in every neighborhood in Jersey City. Reval. The citywide property revaluation, Jersey City’s first since 1988, is finally underway, with inspectors knocking … Continue reading →

Posted in Gold Coast, New Jersey Real Estate, Politics, Property Taxes | 19 Comments

17,500 jobs … poof

Posted on April 21, 2017 by grim

From the Star Ledger: N.J. lost 17,500 jobs in March New Jersey employers cut 19,100 private-sector jobs in March, while at the same time the unemployment rate fell to 4.2 percent, according to the latest U.S. Bureau of Labor Statistics … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 64 Comments

Just part of doing business in NJ

Posted on April 20, 2017 by grim

From HousingWire: Ex-NJ mayor sent to prison for kickbacks involving HUD funds The former mayor of Passaic, New Jersey will spend the next two years in prison after being convicted of soliciting and accepting bribes from developers who wanted to … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 65 Comments

JC overtakes Hoboken?

Posted on April 18, 2017 by grim

Really interesting piece over at Jersey Digs: In 2016, Downtown Jersey City Real Estate Proved The Better Bet Over Hoboken When Pure Properties released their last quarterly market report in January, it was the first time that Downtown Jersey City … Continue reading →

Posted in Gold Coast, New Jersey Real Estate | 104 Comments