Category Archives: New Jersey Real Estate

Because Garden State Plaza Needs 1400 Housing Units

Posted on September 26, 2023 by grim

From Costar: Unibail Seeks To Add Roughly 1,400 Housing Units to New Jersey Flagship Mall Unibail-Rodamco-Westfield said it plans to build up to nearly 1,400 residential units as part of the major redevelopment and diversification of its large mall in North Jersey, … Continue reading →

Posted in Economics, Housing Bubble, New Development, New Jersey Real Estate, Where's the Beef? | 150 Comments

Good or Bad?

Posted on September 25, 2023 by grim

From NJ Spotlight: Reconciling rising unemployment and strong job growth: NJ’s uncertain fiscal outlook New Jersey’s unemployment rate has steadily risen over the past year and now ranks among the highest in the nation. But while some economists and others … Continue reading →

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

All your money are belong to us

Posted on September 24, 2023 by grim

From CNBC: These are the U.S. states with the highest property taxes—New York and California aren’t in the top 10

Posted in Economics, New Jersey Real Estate, Politics, Property Taxes | 46 Comments

Can’t afford to buy here, can’t afford to rent here

Posted on September 21, 2023 by grim

From Patch: Most Expensive Places To Rent In NJ: Some Pay Over $3K Per Month Here are the 20 most expensive places to rent in New Jersey: 

Posted in Economics, New Jersey Real Estate | 140 Comments

Tick Tick Tick

Posted on September 17, 2023 by grim

From NJ1015: NJ ADDS JOBS, UNEMPLOYMENT RATE EDGES UP New Jersey’s unemployment rate ticked up in August. The New Jersey Department of Labor and Workforce Development announced on Thursday that the number of jobs in the state grew by 12,300 … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 33 Comments

NJ DOM on track to break new lows

Posted on September 12, 2023 by grim

From Redfin: New-Jersey Housing Market Overview

Posted in Demographics, Economics, Housing Bubble, New Jersey Real Estate | 78 Comments

What happens to NYC rents now?

Posted on September 6, 2023 by grim

From the NYT: New York City’s Crackdown on Airbnb Is Starting. Here’s What to Expect. New York City officials on Tuesday are expected to start enforcing strict new regulations that limit residents’ ability to rent out homes through platforms like … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 159 Comments

Dark clouds ahead, or too much pessimism?

Posted on August 21, 2023 by grim

From ROI-NJ: Survey: Will N.J.’s economy remain as is or worsen by end of 2023? How about that economy? The answer may not be that good: 44% of 434 certified public accountants surveyed by the New Jersey Society of Certified Public … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 63 Comments

Sorry about your job

Posted on August 20, 2023 by grim

From the Record: NJ job market numbers are out: See where we’re headed New Jersey’s private sector lost 9,500 jobs in the past two months and the unemployment rate ticked up from 3.7% to 3.9% according to a preliminary jobs report released … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 31 Comments

Peak Shore?

Posted on August 13, 2023 by grim

From the Philly Inquirer: Did Shore house owners push their luck with high rents? Prices are dropping and weeks are open. Last summer, her Shore house in Avalon fully booked, Katie Leighton took the family on a vacation to Europe. … Continue reading →

Posted in New Jersey Real Estate, Shore Real Estate, Unrest | 23 Comments

How high can we go?

Posted on August 8, 2023 by grim

From Black Knight: Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises, Boosting Homeowner Equity Levels The Black Knight Home Price Index (HPI) hit an all-time high in June, this time on both … Continue reading →

Posted in Housing Bubble, National Real Estate, New Jersey Real Estate | 32 Comments

Where NJ goes

Posted on August 7, 2023 by grim

From NJ 92.7: Leaving New Jersey: Where People Choose to Live Next #10. Delaware #9. Maryland #8. Georgia #7. Virginia #6. Texas #5. California #4. North Carolina #3. Florida #2. New York #1. Pennsylvania

Posted in Demographics, Economics, National Real Estate, New Jersey Real Estate | 82 Comments

Jobs Day!

Posted on August 4, 2023 by grim

From Morningstar: July Jobs Report Forecast: Few Signs of a Slowing Economy Forecasts for the July U.S. jobs report call for yet another month of healthy gains in the labor market, with no signs of a recession. Still, if the … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 116 Comments

NJ tops the chart

Posted on August 2, 2023 by grim

From MarketWatch: New Jersey house prices rise at fastest rate in the nation — but other states saw prices fall by up to 8% Good news for homeowners in New Jersey — home-price growth in the Garden State in June … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 65 Comments

NJ takes #2 spot for May

Posted on July 12, 2023 by grim

From CoreLogic: CoreLogic: US Annual Home Price Growth Drops to the Lowest Rate in 11 Years in May CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for May 2023. … Continue reading →

Posted in Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 152 Comments