Category Archives: New Jersey Real Estate

March Beige Book

Posted on March 3, 2016 by grim

From the Federal Reserve: Beige Book – March 2, 2016 – Second District–New York Economic activity in the Second District has remained generally flat since the last report, while labor markets continue to tighten. Selling prices were little changed, while … Continue reading →

Posted in Demographics, Economics, Housing Recovery, New Jersey Real Estate, NYC | 110 Comments

NJ eliminating a tax? Impossible

Posted on March 1, 2016 by grim

From the APP: No more NJ estate tax? Bill passes first hurdle A state Senate committee Monday approved a bill that would phase out New Jersey’s estate tax over five years. The vote by the Senate Budget and Appropriations Committee … Continue reading →

Posted in New Jersey Real Estate, Politics | 99 Comments

NJ Open For Business?

Posted on February 29, 2016 by grim

From the Record: More New York businesses making move to North Jersey Gross Printing had been doing business in a Sunset Park, Brooklyn, industrial park for several years when co-owner Samson Gross noticed that the company’s landlord was bringing in … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 55 Comments

Fools and their money…

Posted on February 22, 2016 by grim

From the NYT: When a Dream House Becomes a Money Pit Any buyer knows that a dream home can become a nightmare. But most people don’t expect it to happen to them. Steven and Michelle Hicks found what looked like … Continue reading →

Posted in New Jersey Real Estate | 78 Comments

Christie’s property tax cap worked

Posted on February 21, 2016 by grim

From the Star Ledger: Are N.J. property taxes actually going down in many towns? Are many New Jersey residents actually paying less in property taxes than they were five years ago? The state’s sky-high property taxes crossed the $8,300 threshold … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 37 Comments

The long grind

Posted on February 19, 2016 by grim

From the Record: Foreclosures ease a bit in NJ, but remain higher than national rate Housing distress is easing in New Jersey, but the state still has much higher rates of foreclosures and mortgage delinquencies than the nation as a … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 123 Comments

Valentines Day Massacre

Posted on February 16, 2016 by grim

From the Star Ledger: Here’s what happened to those 100 lots Newark gave away last Valentine’s Day This time last year, John Errico and Shannon Guy took what they believed would be the first step toward their shared dream. Newly … Continue reading →

Posted in Housing Recovery, New Development, New Jersey Real Estate, Politics | 91 Comments

Local home price gains still lag the nation

Posted on February 11, 2016 by grim

From the Record: North Jersey home prices rise 2% Single-family home prices in the New York metropolitan area ticked up 2 percent in the fourth quarter of 2015, to a median $464,600, the National Association of Realtors reported Wednesday. Nationally, … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, NYC | 142 Comments

Foreclosures lowest in nearly 10 years

Posted on February 10, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2006 In another sign that the recovery from the housing crisis is ongoing rather than stalled out, the total number of completed foreclosures in 2015 was the lowest number of completed … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 93 Comments

Up Up and Away!

Posted on February 7, 2016 by grim

From the Star Ledger: Here’s how much property taxes went up (again) in N.J. last year The already steep property tax bill for New Jersey residents jumped again in 2015, topping $8,300 for the first time and increasing at the … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 30 Comments

NJ has a bigger lead problem than Flint

Posted on February 4, 2016 by grim

From the Star Ledger: Why 11 N.J. cities have more lead-affected kids than Flint, Michigan Eleven cities in New Jersey, and two counties, have a higher proportion of young children with dangerous lead levels than Flint, Mich., does, according to … Continue reading →

Posted in New Jersey Real Estate | 222 Comments

Central Jersey prices up, inventory down – but still far from peak

Posted on February 1, 2016 by grim

From MyCentralJersey: Central Jersey home sale values rising: Is it enough? (click for tables) The good news is that home sale prices improved last year in more than half of Central Jersey municipalities. The bad news is that home values … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate | 106 Comments

Limited supply the biggest hurdle for 2016 market

Posted on January 30, 2016 by grim

From Prudential Fox and Roach: Low inventory fuels real estate market Buyers and sellers in the New Jersey-Pennsylvania region will enter a highly competitive housing market in 2016 as the economy continues to get stronger, according to a survey of … Continue reading →

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

Blue skies ahead for NJ?

Posted on January 28, 2016 by grim

From NJBIZ: NJBIA says 2015 jobs data ‘good news’ for N.J. economy The New Jersey Business & Industry Association said last week’s report from the state Department of Labor and Workforce Development indicating that New Jersey added approximately 64,500 private-sector … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 92 Comments

State seizes AC to stall bankruptcy

Posted on January 27, 2016 by grim

From the Record: State plans to take reins of Atlantic City After years of trying to ignite an economic revival in Atlantic City — only to see four of its 12 casinos close in 2014 — Governor Christie was back … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 118 Comments