Category Archives: New Jersey Real Estate

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

Up Up Up

Posted on July 2, 2023 by grim

From JerseyDigs: Study Says New Jersey Home Sale Prices Have Jumped Almost 18% in Two Years Real estate in New Jersey has continued its upward ascent despite choppy economic conditions and a new study of home sales shows New Jersey’s … Continue reading →

Posted in Demographics, Economics, Housing Bubble, National Real Estate, New Jersey Real Estate | 148 Comments

NJ last state in the nation to outlaw pumping gas

Posted on June 24, 2023 by grim

From Jalopnik: Drivers In Oregon Will Finally Be Allowed To Pump Their Own Gas For most of the country, the idea of pulling into a gas station and then waiting for someone to come over and pump your gas for … Continue reading →

Posted in Crisis, New Jersey Real Estate, Unrest | 51 Comments

NJ labor force participation at 10 year high

Posted on June 4, 2023 by grim

From Insider NJ: New Jersey Labor Market Remains Robust; Unemployment Rate Steady at 3.5%  New Jersey’s labor market remained strong in April, with nonfarm employment increasing by 15,800 jobs to a seasonally adjusted level of 4,332,300, and the unemployment rate holding steady at 3.5 … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 15 Comments

How much money would you dump into 900 square feet?

Posted on June 2, 2023 by grim

From the NYT: Priced Out of the City, They Bought a Tiny Suburban Home. Now What? Much has been written about “good enough” marriages, but what of “good enough” houses in “I guess we have to live somewhere” neighborhoods? This … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 91 Comments

Hold on to your wallets…

Posted on May 18, 2023 by grim

From the NJ Monitor: State ‘well prepared’ to handle $2B dip in tax revenue, treasurer says New Jersey will collect roughly $2 billion less in taxes in the current and coming fiscal years, but the years of booming revenue will … Continue reading →

Posted in Economics, New Jersey Real Estate, Politics | 134 Comments