Category Archives: New Jersey Real Estate

The office building is dead, long live industrial and warehouse

Posted on July 20, 2016 by grim

From the Record: N.J. industrial vacancy rate hits record lows As consumers increasingly shop online, the stuff they buy is filling up New Jersey warehouses, pushing industrial vacancy rates to historic lows, Cushman & Wakefield reported Monday. The vacancy rate … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate | 171 Comments

East Orange the next big thing?

Posted on July 19, 2016 by grim

From the Star Ledger: Is $12M real estate sale sign that East Orange could become millennial hot spot? When millennials searching for walkable, transit-oriented communities are priced out of high rises in Hoboken and Jersey City, will they head to … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate | 119 Comments

Zombie Go!

Posted on July 18, 2016 by grim

From the Record: ‘Zombie’ houses in foreclosure can sit vacant and haunt neighbors for years On Wilson Avenue in Wayne, a shady street of well-kept homes, the wood contemporary at No. 96 stands out. It’s been empty for years, thick … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 111 Comments

People still want to live here?

Posted on July 11, 2016 by grim

From the Record: Sales of starter homes spark rise in North Jersey real estate activity When Makeda and Kai Mallea started shopping for a house in Maywood, they had to compete with other eager buyers. “Houses would come on the … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 27 Comments

June HousingTrends

Posted on July 1, 2016 by grim

From the Otteau Group: NJ Purchase Contracts Rise Again in May Home purchase demand in New Jersey increased for the 21st consecutive month in May rising to nearly 11,000 home-purchase contracts. This was the highest number of purchase contracts recorded … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 64 Comments

Spy house still empty, Fitz-Hume and Millbarge disapprove.

Posted on June 28, 2016 by grim

From the NY Times: ‘Spy House,’ a Decrepit Reminder of Betrayal, Sits Empty in New Jersey Amid the 75 houses inside the oak-lined, no-outlet neighborhood, a single home stands unoccupied, a celebrity eyesore. Inside the house, the baseboards have been … Continue reading →

Posted in Comp Killer, New Jersey Real Estate | 54 Comments

Will it ever sell? Probably not.

Posted on June 27, 2016 by grim

From Forbes: New Jersey’s Most Expensive Home is Back on the Market for $48.8 Million Eight miles from Manhattan, a 30,000-square-foot estate is quietly hidden on six acres in the exclusive neighborhood of Alpine, New Jersey. Home to celebrities, doctors, … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 56 Comments

Foreclosure bill doesn’t go far enough to prevent zombies

Posted on June 25, 2016 by grim

From HousingWire: Senate to consider wide-ranging bill to address zombie foreclosure “crisis” Mortgage lenders and servicers could soon have a whole new set of responsibilities for maintaining foreclosed homes, as Sen. Bob Menendez, D-NJ, introduced a new bill on Friday … Continue reading →

Posted in Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 17 Comments

Home sales strong in May

Posted on June 23, 2016 by grim

From the Record: Home sales climb in May to the highest level since before the recession In a sign of growing demand for housing, eager home buyers scooped up properties quickly this spring: Sales of existing homes in May reached … Continue reading →

Posted in Housing Recovery, National Real Estate, New Jersey Real Estate | 89 Comments

Housing expensive, rent or buy.

Posted on June 21, 2016 by grim

From APP: With rent of $1,160 a month in Asbury Park taking up most of her family’s income, Susan Aquino began to search for a new apartment that would give her some breathing room. The hunt didn’t last very long. … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 229 Comments

A bad May for NJ jobs

Posted on June 18, 2016 by grim

From the Record: NJ lost 6,800 jobs in May; unemployment rate ticks up New Jersey lost 6,800 jobs last month, increasing the state’s unemployment rate to 4.9 percent, slightly higher than the national average, the Department of Labor and Workforce … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 42 Comments

Guess who is back?

Posted on June 17, 2016 by grim

From the NYT: Bidding Wars in the Suburbs The listing Nadia Krivickova and Michael Krivicka had been waiting for popped up early last September: a pristine 2,500-square-foot 1924 colonial with a child-friendly backyard in the lower Westchester County village of … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 99 Comments

How much further does the Gold Coast have left to run?

Posted on June 7, 2016 by grim

From the Real Deal: Land ho! The Gold Coast of New Jersey has gotten so hot for developers in recent years that in many areas near the waterfront there is hardly any land left to go around. The land grab … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Development, New Jersey Real Estate | 57 Comments

It’s just a jump to the left, and then a step to the right.

Posted on June 5, 2016 by grim

From the Record: North Jersey home values trapped in a time warp In the overheated housing market of 2005, Barbara O’Leary and Dennis Poletto bought a Bergenfield colonial for $440,000 — just five years after the previous owner had paid … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 54 Comments

Casino!

Posted on June 4, 2016 by grim

From the WSJ: Debate Heats Up Over Gambling for Northern New Jersey After a bitter battle over a proposed state takeover of Atlantic City, supporters of a gambling expansion are ramping up efforts to convince voters to allow two new … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 11 Comments