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Category Archives: North Jersey Real Estate
Live like Paul Volker
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
Inventory ticking up, but NJ market absorbs it
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
The next tech hotspot?
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
Deep dive on NJ from the Fed
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
A better outcome for NNJ?
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
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?
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.
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
Foreclosures rise in Bergen, fall in Passaic
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
So much for Bergen…
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?
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
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
July Beige Book
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
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
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