Category Archives: New Jersey Real Estate

NJ UE Falls to 4.1%

Posted on May 21, 2022 by grim

From InsiderNJ: NJDOL: New Jersey Job Growth Continues in April  New Jersey’s employment growth continued for the 17th consecutive month in April, as non-farm employment increased by 14,800 jobs to reach a seasonally adjusted level of 4,191,500, while NJ’s unemployment rate … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate | 27 Comments

Aaannnddd… They’re Off!

Posted on May 16, 2022 by grim

From the Star Ledger: New home listings up 40%. What the market is like in all 21 N.J. counties. Anyone who has shopped for a house in this red-hot market can tell you, there aren’t many to choose from. The … Continue reading →

Posted in New Jersey Real Estate | 307 Comments

NJ’s new tax rebate

Posted on May 13, 2022 by grim

From Patch: $900M In Tax Relief Could Be Coming To 1.8M NJ Homeowners, Renters Nearly 1.8 million New Jersey homeowners and renters could get some money back from the state under Gov. Phil Murphy’s new property tax relief program proposed … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 127 Comments

Back to work?

Posted on May 9, 2022 by grim

From NJ1015: Extended unemployment insurance to expire for 80,000 NJ workers Eighty-eight weeks of unemployment benefits triggered by the coronavirus pandemic are coming to a close. The New Jersey Department of Labor and Workforce Development announced Thursday that approximately 80,000 New Jersey … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 384 Comments

Nothing to worry about here

Posted on May 1, 2022 by grim

From Forbes: The odds of a home price decline hitting your local housing market, as told by one interactive chart While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate | 124 Comments

Almost Number 1

Posted on April 26, 2022 by grim

From NJ1015: NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1 New Jersey trailed only Illinois for the highest foreclosure rate in the United States over the first quarter of 2022 as backlogs from pandemic moratoriums continued … Continue reading →

Posted in Economics, Foreclosures, New Jersey Real Estate | 343 Comments

How not to do NJ real estate

Posted on April 24, 2022 by grim

From the NY Post: Alicia Keys and Swizz Beatz lose more than $6M on NJ mansion sale What a hit! Grammy Award winners Alicia Keys and her producer husband Kasseem “Swizz Beatz” Dean have finally sold their 5-acre New Jersey … Continue reading →

Posted in Lowball, New Jersey Real Estate | 15 Comments

What does 3000 new units look like

Posted on April 18, 2022 by grim

From TAP Wayne: Mapping the New Housing Developments in Wayne  This article is to help Wayne residents visualize where each of the proposed new residential developments will be built in Wayne over the next several years. Below, you will find … Continue reading →

Posted in Demographics, New Development, New Jersey Real Estate | 63 Comments

Donuts anyone?

Posted on April 7, 2022 by grim

From Bloomberg: New Yorkers Plan to Cut Time Spent in the Office by Half, Survey Finds Most New Yorkers who worked from home during the pandemic plan to cut their time in the office by nearly half and spend less … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 233 Comments

NJ Unemployment down to 4.6%

Posted on March 26, 2022 by grim

From the APP: NJ has regained nearly 90% of jobs lost to pandemic, and pay is rising too New Jersey employers added 25,900 jobs in February, the state Department of Labor and Workforce Development reported Thursday, continuing the job market’s … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 40 Comments

Should I stay or should I go?

Posted on March 24, 2022 by grim

From the Star Ledger: Most residents say N.J. is a good place to live, but a third want to leave, poll shows The majority of New Jerseyans like living here, but more than a third say they’d like to move … Continue reading →

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 187 Comments

All eyes on school budgets

Posted on March 23, 2022 by grim

From the Star Ledger: Jersey City slams $1,600 school tax hike, but education group says sides ‘need to figure how to make that work’ The Fulop administration slammed the Jersey City Board of Education for its $1,600-per-average-homeowner tax hike in … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 132 Comments

Low tax counties see cuts to school aid

Posted on March 13, 2022 by grim

From NJ1015: 6 NJ counties may see property taxes rise due to school aid cuts When Gov. Murphy announces a victory, you always have to look underneath for the real story. That’s because in a tax and spend administration like … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 137 Comments

Median list price hits record high

Posted on March 5, 2022 by grim

From the Star Ledger: How much does it cost to own a home in the U.S.? Home prices across the United States have hit an all-time high, meaning more Americans are losing their buying power and fewer Americans are able … Continue reading →

Posted in National Real Estate, New Jersey Real Estate | 189 Comments

Cheaper to live in NJ? Yeah, right.

Posted on March 4, 2022 by grim

From the Star Ledger: Murphy unveils plan for big property tax rebates to nearly 2M N.J. households Gov. Phil Murphy announced Thursday his administration will extend property tax relief to about 1.8 million New Jersey households by replacing the state’s Homestead Benefit … Continue reading →

Posted in New Jersey Real Estate, Politics, Property Taxes | 100 Comments