Category Archives: New Jersey Real Estate

NJ UE dips to 5.1%

Posted on January 22, 2016 by grim

From the Record: N.J. added 13,300 jobs in December, for 65,200 in 2015 New Jersey’s unemployment rate in December fell to its lowest level since six months into the recession, as New Jersey added 13,300 jobs for an annual total … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 121 Comments

Couple of rich people don’t a market make

Posted on January 18, 2016 by grim

From the Record: Multimillion-dollar home sales on the rise in North Jersey In a sign that wealthy households may be spending more freely, a dozen houses sold for more than $4 million in Bergen County in 2015 — up from … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate | 41 Comments

Tough times ahead?

Posted on January 15, 2016 by grim

From Bloomberg View: Connecticut and New Jersey: Rich States, Poor Economies It’s been a tough week for Connecticut, which just learned that it is losing its most prominent corporate citizen to Massachusetts. But that’s nothing new. It has also been … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 77 Comments

No more patience as AC fails to deliver

Posted on January 14, 2016 by grim

From Bloomberg: New Jersey May Seize Atlantic City as Rebound Eludes Casinos After almost five years of piecemeal efforts to fix Atlantic City, New Jersey’s distressed seaside resort faces more drastic measures: the end of its casino monopoly and a … Continue reading →

Posted in New Jersey Real Estate, Politics, Unrest | 95 Comments

National foreclosures continue to decline, NJ still standout at the top

Posted on January 13, 2016 by grim

From HousingWire: CoreLogic: Foreclosures fall to lowest level since 2007 The inventory of homes in foreclosure continued to decrease in November 2015, falling to the lowest level since November 2007, a new report from CoreLogic showed. CoreLogic, a global property … Continue reading →

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate, New Jersey Real Estate | 66 Comments

“I have no hope. One thing about taxes: they go up.”

Posted on January 10, 2016 by grim

From the APP: Property taxes up $537 million HOLD ONTO YOUR WALLETS: PROPERTY TAXES IN NEW JERSEY INCREASED BY THEIR FASTEST RATE IN FOUR YEARS IN 2015. The hike pushed the average local tax bill to $8,354 for homeowners, up … Continue reading →

Posted in Economics, Housing Recovery, New Jersey Real Estate, Property Taxes | 25 Comments

Inventory yet? Nope.

Posted on January 10, 2016 by grim

From Berkshire Hathaway Fox & 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 … Continue reading →

Posted in Demographics, Economics, Employment, Housing Recovery, New Jersey Real Estate | 6 Comments

“He said a lot of bad things and he walked away.” (He called AC pols “corrupt and stupid”)

Posted on January 8, 2016 by grim

From the Star Ledger: Is gambling mogul Steve Wynn interested in north Jersey casino? The leader of the state Assembly said Thursday that Steve Wynn, the famed casino mogul who owned one of the first gambling halls in Atlantic City … Continue reading →

Posted in New Development, New Jersey Real Estate, Politics | 75 Comments

Jersey foreclosures finally turning the corner?

Posted on January 6, 2016 by grim

From the Record: New N.J. foreclosure filings dip for first time in four years New residential foreclosure filings fell last year in New Jersey for the first time since 2011, which experts say is another sign that the state’s economy … Continue reading →

Posted in Foreclosures, Housing Recovery, New Jersey Real Estate | 125 Comments

“This year will be a good year for housing”

Posted on January 5, 2016 by grim

From the Record: Job growth lifts housing outlook for 2016 Buoyed by strong job growth, the housing market in the new year will continue to climb out of its worst downturn in generations. As the unemployment rate has dropped to … Continue reading →

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 133 Comments

Rising incomes will have an “outsized” impact on NJ

Posted on January 4, 2016 by grim

From the Record: Some optimism about the state economy, for a change New Jersey’s economy has rarely failed to disappoint in recent years, but economist Joel Naroff thinks that may change in 2016. He foresees a solid national performance, with … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 51 Comments

Despite our arrogance, we’re not in the top 20.

Posted on December 30, 2015 by grim

From HousingWire: Here are the 20 hottest housing markets to close out the year Discuss: Here are the 20 hottest housing markets in December 20. Midland, Texas 19. Fort Wayne, Indiana 18. Tampa-St. Petersburg-Clearwater, Florida 17. Boulder, Colorado 16. Detroit-Warren-Dearborn, … Continue reading →

Posted in Housing Recovery, National Real Estate, New Jersey Real Estate | 46 Comments

2015 Economic Snapshot

Posted on December 27, 2015 by grim

From the Record: 2015 was the year of the long good-bye, but jobs rebounded New Jersey’s job market swung from optimism to despair and back in 2015, ending the year on a high note, with the largest annual employment increase … Continue reading →

Posted in Economics, Employment, Housing Recovery, New Jersey Real Estate | 20 Comments

Fewer underwater borrowers, NY Metro among the highest positive equity

Posted on December 16, 2015 by grim

From CoreLogic: CoreLogic Reports 256,000 US Properties Regained Equity in the Third Quarter of 2015 CoreLogic … today released a new analysis showing 256,000 properties regained equity in the third quarter of 2015, bringing the total number of mortgaged residential … Continue reading →

Posted in Demographics, Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 134 Comments

Trenton and AC lead national foreclosures

Posted on December 11, 2015 by grim

From Reuters: Two New Jersey cities top November U.S. metro foreclosure rates Two New Jersey metropolitan areas, Atlantic City and Trenton, had the highest U.S. metro foreclosure rates in November, RealtyTrac data showed on Thursday. It was the fifth straight … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, Risky Lending | 106 Comments