Category Archives: New Jersey Real Estate

Atlantic City and Trenton lead the nation in foreclosure filings

Posted on April 14, 2016 by grim

From NBC News: Atlantic City Area Tops List of Foreclosures Atlantic County, home to New Jersey’s fiscally distressed gambling hub Atlantic City, had the highest foreclosure rate of any major U.S. metropolitan area in the first quarter of 2016, according … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 24 Comments

Positive sign for jobs? Or just more of the same?

Posted on April 11, 2016 by grim

From the Record: North Jersey employers put out the ‘Help Wanted’ sign Ikea is hiring — and so are Hackensack University Medical Center, Public Service Electric and Gas Co., Eisai and Toys “R” Us, among other North Jersey employers. With … Continue reading →

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

Hello Spring Market! Best February since 2005.

Posted on April 1, 2016 by grim

From the Otteau Group: Home purchase demand in New Jersey increased for the 18th consecutive month in February rising to more than 8,000 home-purchase contracts. This was the highest number of purchase contracts recorded in the month of February since … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 150 Comments

A long way to “recovery”

Posted on March 28, 2016 by grim

From the Star Ledger: N.J. home prices slowly recover from housing bubble Slowly but steadily, New Jersey’s housing market is recovering. The average home sale price in New Jersey in 2015 was $397,279, according to the state Division of Taxation. … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate | 33 Comments

Never going back again

Posted on March 26, 2016 by grim

New Jersey’s new state song: From the Record: 55-year fight to name a New Jersey state song gains traction Mascara, also known as Joseph Rocco Mascari of Phillipsburg, was a fixture at the State House for 55 years as he … Continue reading →

Posted in Humor, New Jersey Real Estate, Unrest | 34 Comments

Otteau: NJ home prices to rise 4% in 2016

Posted on March 24, 2016 by grim

From the Record: N.J. housing expert sees 4 percent rise in prices this year New Jersey home prices are likely to rise about 4 percent this year, as a thriving job market boosts a housing sector that’s still recovering from … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 71 Comments

Note to NJ – Stop making promises you can’t afford

Posted on March 23, 2016 by grim

From the Record: Standard & Poor’s revises N.J.’s credit outlook to ‘negative’ New Jersey’s finances are still a mess, Standard & Poor’s said Tuesday, and the state’s weak credit outlook will not improve until officials make lasting reforms. The Wall … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 80 Comments

Oh boy…

Posted on March 19, 2016 by grim

From News 12: Toms River ordinance bans aggressive real estate solicitation Door-to-door real estate solicitation is now forbidden in areas of Toms River. The “cease and desist” ordinance went into effect Friday. The ordinance comes after many complaints by Toms … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 59 Comments

NJ’s Wealthiest Resident Leaves for Florida

Posted on March 17, 2016 by grim

From Bloomberg: Tepper’s Most Profitable 2015 Trade May Be Moving to Miami New Jersey lost its richest resident late last year when billionaire David Tepper decamped to the tax friendly climes of Florida. Tepper registered to vote in Florida last … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 96 Comments

Swallowed by the sea

Posted on March 16, 2016 by grim

From the Star Ledger: Rising seas could drive 837K N.J. residents from their homes, study says Rising seas could force hundreds of thousands of New Jersey residents from their homes by the end of the century, a new report found. … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate | 74 Comments

NJ 2015 Jobs Revision Surprise

Posted on March 15, 2016 by grim

From the Record: NJ’s 2015 job creation was better than first reported, but state lost 14,100 jobs in January New Jersey employers created 81,500 jobs last year, even more than the 65,200 originally reported, to make 2015’s employment gains the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 78 Comments

What cap?

Posted on March 13, 2016 by grim

From the Record: Property tax cap growing weaker across North Jersey; more towns than ever exceed 2% limit Reforms enacted in 2011 to keep the nation’s highest property taxes in check are showing signs of weakening as a growing number … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 7 Comments

Pessimistic in NJ

Posted on March 8, 2016 by grim

From the Press of Atlantic City: Few in NJ upbeat on state’s economy, Stockton researchers find The vast majority of New Jersey residents believe that they’re either falling behind economically or barely keeping up, a Stockton University study reported Monday. … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 68 Comments

NJ foreclosures facing statute of limitations

Posted on March 7, 2016 by grim

From DS News: Delinquent Loans May Still Face Foreclosure After Exceeding Statutes of Limitations High-end estimates of loan-level delinquency timelines show that approximately 98,000 seriously delinquent mortgage loans may be facing some degree of exposure to foreclosure statutes of limitations … Continue reading →

Posted in Foreclosures, New Jersey Real Estate | 89 Comments

Is flipping a good or bad sign?

Posted on March 4, 2016 by grim

From the Record: Home flippers ramped up activity in 2015 One in 25 home sales in New Jersey last year were investors’ flips — in which properties are bought, renovated and quickly resold — according to a company that tracks … Continue reading →

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