Category Archives: New Jersey Real Estate

Most of NJ still has a long way to go

Posted on May 31, 2016 by grim

From the Star Ledger: N.J. home prices slowly recover from housing bubble – See how your town fared Slowly but steadily, New Jersey’s housing market is recovering. The average home sale price in New Jersey in 2015 was $397,279, according … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 35 Comments

Men, evidence that your wife should be responsible for picking your house

Posted on May 27, 2016 by grim

From the Philly Inquirer: Study: Homeownership favors men, but not in Pa., N.J. Homeownership is more profitable for men than for women, a study released Thursday by the real estate search engine RealtyTrac maintains. Analyzing 2.1 million single-family homes nationwide, … Continue reading →

Posted in Demographics, Economics, Humor, New Jersey Real Estate | 81 Comments

April Existing Home Sales beat estimates

Posted on May 21, 2016 by grim

From CNBC: Existing home sales hit 5.45 million units in April, vs. expectations of 5.4 million U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 18 Comments

The Zombie Census

Posted on May 20, 2016 by grim

From the Philly Inquirer: Still No. 1: New Jersey’s supply of ‘zombie’ homes The number of U.S. houses left vacant because of foreclosure was down at the start of the second quarter compared with the same period last year. But … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 39 Comments

Price Reduced! Frick Mansion Still Empty

Posted on May 19, 2016 by grim

With the Realtors posting snarky lowball pieces about overpriced NJ houses – maybe it is time to call it quits. From Realtor.com: 6 Years Later, New Jersey’s Most Expensive Home Still Waiting for Its First Resident In this age of … Continue reading →

Posted in Humor, New Jersey Real Estate, Price Reduced | 38 Comments

A billion dollars in the hole

Posted on May 18, 2016 by grim

From the Record: N.J. facing possible $1.1B budget gap over 2016, 2017, official says New Jersey’s state budget could face a revenue shortage of $1.1 billion over two fiscal years, the state Legislature’s nonpartisan budget office said Tuesday, a dire … Continue reading →

Posted in New Jersey Real Estate, Politics | 76 Comments

Warehousing Seniors Cheaply

Posted on May 17, 2016 by grim

From the NYT: New Jersey Groups Convert Empty Buildings Into Homes for Seniors Walk the halls of the Senior Residence at St. Peter the Apostle and you can see remnants of the convent that once was. The modestly sized rooms … Continue reading →

Posted in New Development, New Jersey Real Estate | 77 Comments

NJ Foreclosure Plan – We’ll deal with it tomorrow

Posted on May 13, 2016 by grim

From the Record: N.J. continues to lag nation on clearing foreclosures New Jersey led the nation in foreclosure starts in the first quarter, as the state continues to grapple with the fallout from the housing crash, the Mortgage Bankers Association … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 54 Comments

We’re all going to struggle

Posted on May 5, 2016 by grim

From NJ Spotlight: SPECULATORS, CASH SALES CROWD OUT HOME BUYERS IN SOME NJ TOWNS Just off Route 9 in Forked River, blocks of newly rehabilitated and elevated homes are interrupted by the occasional lot overgrown by weeds on which might … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 80 Comments

How much longer can the foreclosures drag the market down?

Posted on May 2, 2016 by grim

From NJ Spotlight: SOME GOOD NEWS FOR NJ HOUSING MARKET, BUT FORECLOSURES STILL A FACTOR Even as real-estate agents see encouraging demand for Shore rentals, and home prices in parts of New Jersey creep gradually higher, analysts and academics say … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 176 Comments

April MarketNews

Posted on May 1, 2016 by grim

From the April MarketNews from Otteau Group: NJ Purchase Contracts in March Strongest Since 2005 Home purchase demand in New Jersey increased for the 19th consecutive month in March, rising to more than 10,000 home-purchase contracts. This reflects a 23% … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate | 12 Comments

Some news isn’t good-enough-news, but at least we’re trending in the right direction

Posted on April 30, 2016 by grim

From NJ101.5: NJ housing expert: ‘Good news, but not enough of it’ Most of the latest numbers related to the housing market in New Jersey point to solid movement in the right direction, but can conditions ever return to the … Continue reading →

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

February not good to NJ home prices

Posted on April 26, 2016 by grim

From National Mortgage News: Home Prices Rise Again in February: Black Knight Home prices continue to make steady increases but are still off from their 2006 peak, according to Black Knight Financial Services. Black Knight’s Home Price Index reported a … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 60 Comments

NJ’s shell game taxes

Posted on April 19, 2016 by grim

From the APP: Prieto: No estate tax deal without gas tax increase Assembly Speaker Vincent Prieto said he won’t move forward with any plans to eliminate New Jersey’s estate tax without a broader deal to increase the state’s gasoline tax. … Continue reading →

Posted in New Jersey Real Estate, Politics | 128 Comments

The key to growth

Posted on April 16, 2016 by grim

From the Record: Population rebounds around train stations in N.J. When Kevin Eleby started commuting by train to New York City in 2001, the station in downtown Paterson was nearly empty. Every morning he climbed the stairs to the platform … Continue reading →

Posted in Economics, Housing Recovery, New Development, New Jersey Real Estate | 22 Comments