Category Archives: New Jersey Real Estate

Market strong, but what about prices?

Posted on November 1, 2016 by grim

From the Otteau Group: MarketNEWS October 31, 2016 Edition NJ Purchase Contracts in September Strongest in over 11 Years In September, the number of contract purchases by homebuyers exceeded the same month in the prior year for the 25th consecutive … Continue reading →

Posted in New Jersey Real Estate | 128 Comments

Lower-end Overassessed?

Posted on October 31, 2016 by grim

From the Record: Municipal tax offices slow to respond to a tepid real estate recovery, especially in modest neighborhoods Homeowners at the lower end of North Jersey’s housing market — still suffering disproportionately from the real-estate slump — are now … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 86 Comments

Pay Up Sucker

Posted on October 28, 2016 by grim

From Slate: Princeton Pays Up When Princeton University announced it had settled litigation with area homeowners who had argued it is a profit-making institution in order to challenge its exemption from property taxes, it appeared to be paying millions of … Continue reading →

Posted in New Jersey Real Estate, Property Taxes | 105 Comments

Bergen County too prestigious to foreclose

Posted on October 27, 2016 by grim

From the Star Ledger: How long it takes to complete a foreclosure in N.J. by county New Jersey continues to buck the national trends when it comes to the dubious housing market. Recent data shows the average time for a … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 45 Comments

Grrrriiiinnnddd

Posted on October 26, 2016 by grim

From the Record: Home prices in NYC region rise, but slowly Home prices in the region continue to rise, but at the slowest pace in the nation, the S&P CoreLogic Case-Shiller index reported Tuesday. Values rose 1.7 percent in the … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 57 Comments

NJ adds jobs at a lackluster pace

Posted on October 21, 2016 by grim

From the Record: New Jersey’s unemployment rate holds at 5.3 percent The New Jersey economy generated 2,700 total jobs in September, according to preliminary estimates from the U. S. Bureau of Labor Statistics, continuing to produce jobs at a moderate, … Continue reading →

Posted in Economics, New Jersey Real Estate | 47 Comments

Approaching Buildout?

Posted on October 17, 2016 by grim

From the Record: Single-family homes stay in the game, but North Jersey land scarce to build them Buyers looking for new, single-family homes in New Jersey once had plenty to choose from. As the state’s suburbs boomed in the second … Continue reading →

Posted in New Development, New Jersey Real Estate | 75 Comments

Can Uber save NJ towns money?

Posted on October 15, 2016 by grim

From CleanTechnica: Town Of Summit (NJ) Using Uber To Relieve Congestion At Train Station Parking Lot While Uber is currently used mainly as a taxi substitute/alternative, services like Uber (or Lyft) could be used in a number of other fashions … Continue reading →

Posted in Economics, New Jersey Real Estate | 39 Comments

Tax tax tax tax tax tax tax

Posted on October 8, 2016 by grim

From the Star Ledger: N.J. Legislature passes 23-cent gas tax hike, road funding plan New Jersey is poised to lose its claim to the second-lowest gas taxes in the nation. The state Legislature on Friday passed legislation raising the tax … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 91 Comments

NJ Market Continues to Lag

Posted on September 28, 2016 by grim

From the Record: Region’s home price increase is weakest in U.S. Home prices in the New York metropolitan area inched up in July, but the increase was the weakest in the nation, the S&P CoreLogic Case-Shiller Indices reported today. Nationally, … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 69 Comments

Clever ruse to build two homes on one lot?

Posted on September 26, 2016 by grim

From the Star Ledger: Owners want ‘Watcher’ house razed; lawyer says stalker ‘can see it come down’ Owners of “The Watcher” house, who bought the $1.3 million dwelling but never moved in because of threatening letters from a stalker, now … Continue reading →

Posted in Humor, New Jersey Real Estate | 113 Comments

Christie the problem? Or all the governors before him?

Posted on September 19, 2016 by grim

From the Star Ledger: Chris Christie’s state is an economic cripple Newly-released 2015 Census data only further confirms the depth of New Jersey’s economic funk. The state’s recovery is really struggling, people. Compared to other states, including our neighbors, we’ve … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 107 Comments

NJ economy “in deep trouble”

Posted on September 15, 2016 by grim

From the Record: Census shows no big payday for N.J. Years of economic malaise showed broad signs of lifting in 2015 across the United States as higher incomes and other beacons of rising prosperity helped reverse nearly a decade of … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 133 Comments

Another new low for foreclosures

Posted on September 14, 2016 by grim

From National Mortgage News: Foreclosure Inventory at Lowest Level in Nine Years The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to data released by CoreLogic. The national foreclosure inventory in … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 38 Comments

Brigadoon!

Posted on September 10, 2016 by grim

From the NY Times: Westfield, N.J., Where Small Town Meets Urban Marci Bandelli thought she would never leave Brooklyn. Her husband, Stanford, who was born there, felt the same way. By 2001, with the addition of two children, the couple … Continue reading →

Posted in New Jersey Real Estate | 34 Comments