Category Archives: North Jersey Real Estate

Live like Paul Volker

Posted on November 21, 2024 by grim

From the Record: North Jersey home of President Obama’s economic recovery board chair listed for $3.5M Nestled along Park Street, just a few hundred feet from Montclair’s Applegate Farm stands the Tinkham-Volcker house. Listed for sale in early November for … Continue reading →

Posted in Economics, New Jersey Real Estate, North Jersey Real Estate | 99 Comments

Inventory ticking up, but NJ market absorbs it

Posted on October 8, 2024 by grim

From NorthJersey.com: How North Jersey’s real estate market performed in September as interest rates decline How much has North Jersey’s housing inventory changed? Eighteen of New Jersey’s 21 counties had an increase in new listings compared with September 2023, and … Continue reading →

Posted in Housing Bubble, New Jersey Real Estate, North Jersey Real Estate | 115 Comments

The next tech hotspot?

Posted on May 24, 2024 by grim

From the NY Post: Time to buy in ‘Quantum Valley’? Upstate New York home prices are set to skyrocket as Big Tech moves in Will the San Francisco Bay Area tech hub known as Silicon Valley soon be eclipsed by the … Continue reading →

Posted in Demographics, Economics, Employment, National Real Estate, North Jersey Real Estate, NYC | 45 Comments

Deep dive on NJ from the Fed

Posted on November 14, 2022 by grim

From Liberty Street Economics @ The NY Fed: A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom Since the start of the pandemic, home prices in the U.S. have increased by an astonishing 40 percent. The New … Continue reading →

Posted in Economics, Employment, Housing Bubble, New Jersey Real Estate, North Jersey Real Estate, NYC | 58 Comments

A better outcome for NNJ?

Posted on November 13, 2018 by grim

Is this actually the best result for NJ? Discuss. From the WSJ: New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter, ending a more than … Continue reading →

Posted in Economics, Employment, North Jersey Real Estate, NYC | 163 Comments

Rockland and Westchester slow

Posted on October 15, 2018 by grim

From LoHud: After a robust year, there are signs the housing market is in correction mode The residential market in the Lower Hudson Valley shows signs of a slowdown. The number of sales in the third quarter slipped from a … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate, NYC | 65 Comments

New life into old suburbs?

Posted on November 18, 2017 by grim

From LoHud: Study: NYC suburbs could use 250K more transit-oriented homes The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city’s suburbs over the next 20 years, according … Continue reading →

Posted in Demographics, Economics, New Development, North Jersey Real Estate, NYC | 49 Comments

That time when Vernon was cool, until it wasn’t.

Posted on September 3, 2017 by grim

From the Record: Remembering Hugh Hefner’s Great Gorge Playboy Club There was much excitement for miles around the North Jersey area when Hugh Hefner built and officially opened The Great Gorge Playboy Club in Vernon in 1972. Some were excited … Continue reading →

Posted in New Jersey Real Estate, North Jersey Real Estate | 10 Comments

Foreclosures rise in Bergen, fall in Passaic

Posted on December 15, 2016 by grim

From the Record: New Jersey leads nation in foreclosures New Jersey leads the nation in foreclosure activity, as the state continues to unwind the mortgages that went bad in the worst housing crash in decades. One in every 598 Garden … Continue reading →

Posted in Foreclosures, New Jersey Real Estate, North Jersey Real Estate | 63 Comments

So much for Bergen…

Posted on December 10, 2016 by grim

From the Star Ledger: Less income and cheaper homes: How Bergen County has changed in a decade Bergen County residents are earning less, spending more time commuting to work and have seen their homes continue decrease in value – a … Continue reading →

Posted in Demographics, Economics, Employment, North Jersey Real Estate | 50 Comments

NY Metro finally catching up?

Posted on October 6, 2016 by grim

From the Real Deal: Home prices in NY area climbed 5.1% year-over-year in August August prices for single-family homes in the New York metro area rose 5.1 percent compared to the same time last year, according to a new report … Continue reading →

Posted in North Jersey Real Estate, NYC | 138 Comments

Good Riddance to the Hamilton Projects

Posted on August 8, 2016 by grim

From the Record: Rebirth of an urban neighborhood in Paterson Growing up in Paterson, Sandra Drysdale had lots of friends living in the Alexander Hamilton housing complex. But what she heard about crime and drug-dealing there made her afraid to … Continue reading →

Posted in Housing Recovery, New Development, North Jersey Real Estate | 95 Comments

July Beige Book

Posted on July 14, 2016 by grim

From the Federal Reserve: Beige Book – July 13, 2016 Second District–New York The Second District’s economy has picked up, growing modestly since the last report, and labor markets remain tight. Contacts note continued moderate pressure on input prices and … Continue reading →

Posted in Economics, Employment, Housing Recovery, North Jersey Real Estate, NYC | 41 Comments

Population patterns in NJ showing urbanization shift

Posted on March 25, 2016 by grim

From the Record: Bergen County leads population growth trend, halts flow to other parts of N.J. A decades-long population shift from northeastern New Jersey to other parts of the state has come to an abrupt halt, with Bergen and Hudson … Continue reading →

Posted in Demographics, Economics, Housing Recovery, North Jersey Real Estate, NYC | 33 Comments

Blame the blizzard … and the stock market

Posted on March 22, 2016 by grim

From the WSJ: U.S. Existing Home Sales Tumbled 7.1% in February Sales of previously owned homes sank in February, a sign that demand for housing could be cooling amid rising prices and low inventory. Sales fell 7.1% in February from … Continue reading →

Posted in Economics, Housing Recovery, National Real Estate, North Jersey Real Estate | 108 Comments