Category Archives: North Jersey Real Estate

One step closer to settlement, at a price

Posted on February 7, 2012 by grim

From HousingWire: More than 40 states to sign foreclosure settlement More than 40 states will sign a settlement with the top-five mortgage servicers over alleged foreclosure abuses that arose more than one year ago, Iowa Attorney General Tom Miller said … Continue reading →

Posted in Foreclosures, Mortgages, National Real Estate, North Jersey Real Estate | 122 Comments

Location, location, location, or something else?

Posted on January 16, 2012 by grim

From the Record: Location still holds key to value The decline in housing values has not fallen equally on all towns. A Record analysis of home prices in the first half of 2011 (the latest available in public records) found … Continue reading →

Posted in Economics, North Jersey Real Estate, South Jersey Real Estate | 229 Comments

Sellers: Any questions?

Posted on December 28, 2011 by grim

From the Record: Home prices down in most major US cities Home prices in the New York metropolitan area, including North Jersey, dropped 2 percent in the 12 months ended in October, the Standard & Poor’s Case-Shiller index reported Tuesday. … Continue reading →

Posted in Economics, Housing Bubble, Housing Recovery, North Jersey Real Estate | 146 Comments

The land where unicorns roam

Posted on December 10, 2011 by grim

From the NY Times: Demand for ‘Estate’-Like Condos REAL ESTATE optimists have been picking up blips on the radar in Bergen County lately, most recently this one: 24 of 68 “attached manor” condominiums with prices starting at $1.25 million sold … Continue reading →

Posted in Economics, Housing Recovery, North Jersey Real Estate | 106 Comments

Vacationeers take advantage of price slump in Vernon

Posted on July 9, 2011 by grim

From the NY Times: On Vacation at Home, All Year Long WITH ample opportunities to ski, golf, swim, hike and bike, life in this rural township in the New Jersey Highlands can feel like a year-round resort, residents say. “I … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate | 90 Comments

Northern NJ May Home Sales

Posted on June 8, 2009 by grim

Preliminary May sales and inventory data for Northern New Jersey (GSMLS) is in. Please note that this data is subject to revision. The first graph plots the unadjusted sales data (closed sales) for the counties listed. Please note the lower … Continue reading →

Posted in Economics, New Jersey Real Estate, North Jersey Real Estate | 327 Comments

Brigadoon Mega-Comp-Killer

Posted on April 30, 2009 by grim

Many don’t know that Brigadoon is what Westfield-insiders refer to their town as when among locals. Really! Only outsiders call it Westfield and you’d stick out like a sore thumb if you called it that to someone familiar with the … Continue reading →

Posted in Comp Killer, Housing Bubble, North Jersey Real Estate | 299 Comments

Prices UP in Mendham? Huh?

Posted on April 29, 2009 by grim

Matt Woolsey from Forbes is reporting on the performance of the Mendham real estate market (an affluent Northern NJ suburb for those not familiar) as part of the Forbes Luxury Housing Index. The index is based on zip code data … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate | 284 Comments

Ridgewood? Can’t be.

Posted on April 27, 2009 by grim

From Bloomberg: Boomer Bows Out in Shakeout That Led to Vermont Beard In early 2008, David Roberts’s morning routine at the Ridgewood, New Jersey, train station was as unchanged as the view from its platform, which overlooks a downtown anchored … Continue reading →

Posted in Economics, Housing Bubble, North Jersey Real Estate | 141 Comments

Saving Paris Orange

Posted on April 20, 2009 by grim

From the NY Times: Dissecting the ‘Heart of Orange’ A GLOBAL economic crisis provides the perfect opportunity to rethink the design of an old city — be it Paris or Orange — said a French urbanist who has been engaged … Continue reading →

Posted in Economics, New Development, North Jersey Real Estate | 365 Comments

North Jersey Weekly Inventory Update

Posted on October 25, 2006 by grim

GSMLS – http://www.gsmls.com (Garden State Multiple Listing Service) Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 10/18 – 19,035 10/25 – 18,940 (0.5% Decrease) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) Single … Continue reading →

Posted in North Jersey Real Estate | 2 Comments

The “Garden” State

Posted on October 20, 2006 by grim

From the Gloucester Times: Local journalist tracks future of N.J. farming By Jessica Beym As housing developments sprout on farms and silos turn into smokestacks, Jerseyans are left to wonder: Can New Jersey still proudly bear the title of the … Continue reading →

Posted in Economics, North Jersey Real Estate | Comments Off on The “Garden” State

North Jersey Weekly Inventory Update

Posted on October 18, 2006 by grim

GSMLS – http://www.gsmls.com (Garden State Multiple Listing Service) Single Family Homes, Condo, Coop (Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties) 10/11 – 19,084 10/18 – 19,035 (0.3% Decrease) NJMLS – http://www.njmls.com (New Jersey Multiple Listing Service) Single … Continue reading →

Posted in North Jersey Real Estate | 18 Comments

Somerset Landfill redevelopment

Posted on October 16, 2006 by grim

From the Courier News: Hundreds of housing units set for landfill The Landfill Redevelopment Committee will present its vision for the former borough landfill to borough officials at 10 a.m. Saturday in the Somerset County Court House jurors room. The … Continue reading →

Posted in North Jersey Real Estate | 3 Comments

Making space for art

Posted on October 13, 2006 by grim

From the New York Times: Orange Gets Creative FIVE years in the making, the plan to create an arts district in a section of Orange where empty factory buildings now predominate has been refined and readied to go, with construction … Continue reading →

Posted in North Jersey Real Estate | 26 Comments