Category Archives: New Jersey Real Estate

NJ Homes for $1

Posted on January 29, 2024 by grim

From Patch: $1 Homes For Sale In Newark; Public Lottery Will Mark Milestone Buy a house for a buck? That’s the dream that’s about to become reality for some lucky Newark families on Monday, when the city launches its first … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 64 Comments

So much for 2023…

Posted on January 26, 2024 by grim

From the NJ Association of Realtors: Monthly Indicators – December 2023 From NJ Business Magazine: Closed Home Sales in NJ Down 22.1% in 2023 New Jersey Realtors has released its 2023 year-end residential real estate housing market data revealing the … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 129 Comments

Fairest lawn of all

Posted on January 24, 2024 by grim

From NJ.com: Bidding war results in suburban N.J. home selling for $115K over the asking price A house in Fair Lawn was priced to sell – and it sure did. For more than $100,000 over the asking price.

Posted in Housing Bubble, New Jersey Real Estate | 75 Comments

You’ve got to be crazy to live in NJ

Posted on January 16, 2024 by grim

No, just tripping. From the Record: NJ looks to make magic mushrooms legal for recreational use and to treat mental health It took at least five years of public debate, lobbying and bill amendments for New Jersey to make marijuana … Continue reading →

Posted in Humor, New Jersey Real Estate | 51 Comments

Foreclosure Do-Over

Posted on January 13, 2024 by grim

From NJ Monitor: Gov. Murphy signs new foreclosure protection program into law New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, … Continue reading →

Posted in Economics, Housing Bubble, Mortgages, New Jersey Real Estate, Risky Lending | 30 Comments

Philly still hot

Posted on January 12, 2024 by grim

From the Philly Business Journal: Philadelphia-area home prices rose at fastest pace in December since spring 2022 The end of 2023 didn’t bring any relief in median home prices in Greater Philadelphia, with the year’s largest price spike coming in … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate, Philly | 72 Comments

You too can be a corporate raider

Posted on January 10, 2024 by grim

From NorthJersey.com: North Jersey home of legendary RJR Nabisco CEO on the market for $1.5 million After nearly 40 years, a Sparta estate once home to one of the most legendary CEOs of the era of excess, RJR Nabisco’s F. … Continue reading →

Posted in Employment, New Jersey Real Estate | 64 Comments

NJ Industrial On Fire

Posted on January 6, 2024 by grim

From ROI-NJ: C&W report: Industrial market records highest level of leasing in 2 years Cushman & Wakefield recently released its fourth-quarter 2023 industrial and office statistics for northern and central New Jersey, showing New Jersey’s industrial market recorded its highest level … Continue reading →

Posted in Economics, Employment, New Development, New Jersey Real Estate | 47 Comments

Seems like a long shot

Posted on January 3, 2024 by grim

From NJ1015: NJ one of 3 states expected to see housing market crash in 2024 It looks like New Jersey’s housing market may soon run out of steam. And that’s unfortunate for so many living in The Garden State. According … Continue reading →

Posted in Crisis, Demographics, Economics, Housing Bubble, New Jersey Real Estate | 195 Comments

NJ Gets Coal for Christmas

Posted on December 28, 2023 by grim

From NJBIZ: NJ unemployment rate ticks up in November jobs report  Just before the holiday, the New Jersey Department of Labor and Workforce Development released the state’s November jobs report, which showed an increase of 4,100 jobs (3,100 in the private … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 120 Comments

Making Money

Posted on December 9, 2023 by grim

From CBS News: The U.S. states where homeowners gained — and lost — equity in 2023 For the millions of Americans who own their homes, their properties are typically their biggest source of wealth. The good news? Those assets have … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 121 Comments

Riskiest Markets

Posted on December 7, 2023 by grim

From Atom: Housing Markets Facing Greater Risk Of Downturns Clustered In California, New Jersey And Illinois ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United … Continue reading →

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

Inventory falls in Bergen, Morris, and Passaic

Posted on December 5, 2023 by grim

From NorthJersey.com: Market update: Three North Jersey counties saw an increase in home listings in November North Jersey’s real estate market saw a decrease in both new home listings and median listing prices during the month of November. Similarly, national … Continue reading →

Posted in New Jersey Real Estate | 80 Comments

Industrial is hot hot hot

Posted on November 21, 2023 by grim

From the Daily Record: Large East Hanover industrial park sells for whopping $217.5 million In what is being touted as New Jersey’s biggest industrial real estate deal of the year, 1.2 million square feet of light industrial space in East … Continue reading →

Posted in Economics, New Jersey Real Estate | 76 Comments

Where NJ makes it’s money

Posted on November 20, 2023 by grim

From Statista: Real value added to the gross domestic product of New Jersey in the United States in 2022, by industry 

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 71 Comments