Category Archives: New Jersey Real Estate

NJ/PA Tax Reciprocity Agreement Nearly Dead

Posted on September 3, 2016 by grim

From the Philly Inquirer: Christie ends income tax pact with Pa.; commuters could pay more Cross the Delaware River for work? Your taxes could go up in 2017. Gov. Christie on Friday scrapped a decades-long agreement between New Jersey and … Continue reading →

Posted in New Jersey Real Estate, Politics | 52 Comments

Worst Real Estate Markets

Posted on September 2, 2016 by grim

Way to go NJ! Taking 3 out of the bottom 5 spots! Special Kudos to Newark and Paterson – worse than Detroit. From WalletHub: 2016’s Best Real-Estate Markets

Posted in New Jersey Real Estate | 48 Comments

Otteau: NJ Pending Sales at 2005 Levels

Posted on September 1, 2016 by grim

From Otteau Group: NJ Purchase Contracts On Par With 2005 The number of home sales this year in New Jersey has been about the same as 2005, which was the peak year heading into the Great Recession. In July, the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 40 Comments

Affordable Suburbia

Posted on August 29, 2016 by grim

From the Record: Garden apartments help shape the N.J. landscape In North Jersey, garden apartment buildings are a little like pizzerias — there’s at least one in every town. These two-story rectangles, usually faced with brick and set on grassy … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 33 Comments

I love the smell of bulldozers in the morning

Posted on August 26, 2016 by grim

From Philadelphia Business Journal: Final phase of mass demolition to get underway in Camden Camden officials are moving forward with the final phase of an ambitious plan to tear down a total of 591 derelict structures in the South Jersey … Continue reading →

Posted in Economics, New Jersey Real Estate | 105 Comments

Newark Rising?

Posted on August 22, 2016 by grim

From the NYT: In Newark, a New Chapter Unfolding In Newark’s Central Ward, not far from the site of the 1967 riots, a market-rate rental building opened earlier this year with 152 apartments and its name, 24 Jones, emblazoned in … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 79 Comments

Don’t count the middle class out yet

Posted on August 21, 2016 by grim

From the NYT: Middle-Income Jobs Finally Show Signs of a Rebound The American economy is finally creating more middle-income jobs, according to a new analysis released Thursday by the Federal Reserve Bank of New York, in a turnabout from the … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate, NYC | 45 Comments

June not a good month for Jersey jobs

Posted on August 18, 2016 by grim

From the Record: N.J. employment drops by 4,700 jobs New Jersey employment declined by 4,700 jobs in July, according to preliminary data from the United States Bureau of Labor Statistics, following a strong jobs report in June. The jobless rate … Continue reading →

Posted in Economics, New Jersey Real Estate | 61 Comments

LI Market Burnout?

Posted on August 17, 2016 by grim

From LI Business News: LI home prices fall along with sales The median prices of Long Island homes contracted for sale in July dropped as the number of sales also declined as compared with the previous month. In Nassau County, … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, NYC | 87 Comments

So much for dragging out foreclosures

Posted on August 15, 2016 by grim

From the APP: NJ leads nation in quarterly foreclosure starts New Jersey led the nation in foreclosure starts in the second quarter, as the mortgage industry continues to deal with a backlog of loans that went bad in the housing … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 51 Comments

Does housing make a middle class? Or does the middle class make housing?

Posted on August 12, 2016 by grim

From the WSJ: Lopsided Housing Rebound Leaves Millions of People Out in the Cold The housing recovery that began in 2012 has lifted the overall market but left behind a broad swath of the middle class, threatening to create a … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 101 Comments

Clear ’em out

Posted on August 3, 2016 by grim

From Dow Jones: Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace dward Navarro, a former telephone clerk on the New York Stock Exchange, has been facing foreclosure on his attached two-family house in Woodhaven, Queens, … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate, NYC | 63 Comments

Housing Development Dips

Posted on August 2, 2016 by grim

From the Record: NJ home construction running 17% below last year’s pace After a dramatic, four-year rebound from the worst housing downturn in generations, home construction in New Jersey has fallen back this year, running about 17 percent behind 2015’s … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 59 Comments

Slow grind

Posted on July 27, 2016 by grim

From the Record: Home prices edge up in New York metro area Home values are edging up slowly in the New York metropolitan area, including North Jersey, the S&P CoreLogic Case-Shiller index reported Tuesday. Single-family home prices in the region … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 81 Comments

Future so dark you better bring a flashlight

Posted on July 26, 2016 by grim

From Money Magazine: The Most Pessimistic Workers Live in This State Ah. New Jersey. The Garden State. Home to Bruce Springsteen, Gov. Chris Christie, and the most pessimistic population of workers in these United States. That is, according to a … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 86 Comments