Category Archives: New Jersey Real Estate

Local realtors: It’s a great time to sell … and buy!

Posted on April 11, 2017 by grim

From NJ1015: Demand for housing in New Jersey on the rise — It’s a seller’s market The New Jersey housing market, which has been depressed since the Great Recession, is showing signs of firing up. According to Rob Dekanski, a … Continue reading →

Posted in Economics, New Jersey Real Estate | 47 Comments

Going to be a good year for NJ real estate

Posted on April 2, 2017 by grim

From the Otteau Group: NJ Home Sales Showing More Balance In February, the number of contract purchases by home buyers exceeded the same month in the prior year for the 30th consecutive month, reflecting an 8% increase over February 2016. … Continue reading →

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

Healthy Shmealthy

Posted on March 30, 2017 by grim

From CNBC: Here are the nation’s healthiest—and unhealthiest—housing markets Housing remains in high demand in most of the nation, but the housing recovery looks increasingly uneven, depending on location. Whether buyers are shopping for their own homes or for investment … Continue reading →

Posted in Economics, New Jersey Real Estate | 51 Comments

Why not put it on the ballot?

Posted on March 28, 2017 by grim

From the Star Ledger: On property taxes, it’s time for a little initiative – and referendum | Mulshine When you picked up your Star-Ledger on Monday, you no doubt noticed a front-page article by Jonathan Salant headlined “Jersey by the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 139 Comments

NJ Unemployment falls to 4.4%

Posted on March 26, 2017 by grim

From NJ Biz: N.J. added over 12k jobs in February, new report says New Jersey added 12,600 total nonfarm jobs last month and saw its unemployment rate tick down slightly to 4.4 percent, according to a report released Thursday by … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 45 Comments

Good way to kill mortgage lending in NJ

Posted on March 23, 2017 by grim

From the Observer: Murphy Goes Anti-Wall Street With Foreclosure Proposal The leading candidate in New Jersey’s gubernatorial race proposed having Wall Street banks pay for the conversion of foreclosed homes into affordable housing with millions of dollars in federal mortgage … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Politics | 82 Comments

NJ’s Losers

Posted on March 22, 2017 by grim

From the Star Ledger: The 20 fastest-shrinking towns in New Jersey New Jersey is in the midst of a dramatic population shift, the inverse of the outward sprawl that has dominated the state for the last several decades. The large … Continue reading →

Posted in Demographics, New Jersey Real Estate | 81 Comments

The year of the ‘burbs?

Posted on March 18, 2017 by grim

From the NYT: Home Sales Brisk in New York City’s Suburbs Real estate market temperatures in the commuter suburbs around New York City range from warm to sizzling, having never really cooled down for the winter. As 2016 ended, prices … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC | 93 Comments

NJ Comeback?

Posted on March 14, 2017 by grim

From the Record: N.J. job growth last year best since 2000 New Jersey added nearly 61,000 jobs last year, the best year for private-sector growth since 2000, according to the U.S. Bureau of Labor Statistics. The gains continued into the … Continue reading →

Posted in Economics, New Jersey Real Estate | 29 Comments

Rent or Buy – Too Simple?

Posted on March 11, 2017 by grim

From NJ101.5: Should you buy or rent? A county-by-county list for NJ To make that decision a bit easier, real estate database ATTOM Data Solutions has released a report that breaks down the math in New Jersey’s housing markets and … Continue reading →

Posted in Economics, New Jersey Real Estate | 49 Comments

7.4% of NJ households are millionaires

Posted on March 10, 2017 by grim

From the Star Ledger: The number of N.J. millionaires growing, study finds New Jersey leaped over Hawaii last year to become the U.S. state with the third-highest number of millionaires. The Garden State’s wealth and incomes are among the highest … Continue reading →

Posted in Economics, New Jersey Real Estate | 26 Comments

NJ downtown at stake?

Posted on March 7, 2017 by grim

Admittedly more commercial real estate than residential – but absolutely linked to NJ’s broader real estate market. Thoughts? From the Star Ledger: Liquor lobby’s on the rocks: Bill would let restaurants serve alcohol On a recent weekday night, my friend … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 43 Comments

Ruining your Friday

Posted on March 3, 2017 by grim

From NJ Spotlight: OP-ED: JIM HUGHES PREDICTS NJ’S POSTSUBURBAN ECONOMY, AND IT ISN’T PRETTY New Jersey is known for many things, not all of them wonderful. Since World War II, with apologies to Bruce Springsteen and Tony Soprano, it is … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 149 Comments

NJ’s real estate market off to a good start in 2017

Posted on March 1, 2017 by grim

From the Otteau Group: NJ Home Sales Remain Strong in 2017 In January, the number of contract purchases by home buyers exceeded the same month in the prior year for the 29th consecutive month, reflecting a 14% increase over January … Continue reading →

Posted in Economics, New Jersey Real Estate | 247 Comments

Has the time come for Newark’s revival?

Posted on February 27, 2017 by grim

From Bloomberg: In Shadow of Manhattan, a Long-Neglected City Is Having a Moment For years, downtown Newark’s Military Park, barren and surrounded by vacant buildings, was a symbol of the despair that set in after the 1967 riots. Now it’s … Continue reading →

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 67 Comments