Category Archives: NYC

Tax breaks working to bring new jobs?

Posted on August 6, 2015 by grim

From the Star Ledger: JP Morgan moving 2,150 jobs to Jersey City, report says JP Morgan Chase has formally decided to relocate 2,150 jobs from Manhattan to an office building here, according to reporting by The Wall Street Journal Wednesday. … Continue reading →

Posted in Economics, Employment, New Jersey Real Estate, NYC | 66 Comments

Vote for Christie – Get a Tunnel

Posted on July 25, 2015 by grim

From the NYT: Chris Christie Claims He Will Pursue the Trans-Hudson Tunnel Project as President Several days of severe delays for rail commuters trying to cross the Hudson River this week has been a painful reminder of the deteriorating state … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC, Politics | 51 Comments

Brooklyn hits record highs

Posted on July 10, 2015 by grim

From Crains NY: Brooklyn housing boom pushes sale prices and rentals to new highs Rents and home prices reached record levels in Brooklyn during the second quarter of 2015, according to a market report released Thursday. The average sale price … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 109 Comments

New highs for NYC, over the river … notsomuch

Posted on July 1, 2015 by grim

From the NYT: Average Home Price in Manhattan Reaches $1.87 Million, a New High After flirting with records for more than a year, the average sales price of a Manhattan apartment hit a new high in the second quarter, according … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 121 Comments

Peek into the Lower Hudson Valley Market

Posted on June 28, 2015 by grim

From Lohud.com: The slump is over: real estate is back Looks like very good news for homeowners across the Lower Hudson Valley — experts are saying that the multi-year real estate slump is finally over. “It’s the best market we’ve … Continue reading →

Posted in Housing Recovery, NYC | 30 Comments

Uh Oh – Now they did it…

Posted on June 12, 2015 by grim

Famous last words, from Gothamist: The Brooklyn Real Estate Bubble Will Never Pop The housing crash of the late 2000s was supposed to have decimated property values across the nation. But in Brooklyn, the housing market barely broke its stride. … Continue reading →

Posted in Economics, Housing Bubble, NYC | 118 Comments

How to improve the NJ economy? Remove building restrictions.

Posted on May 27, 2015 by grim

From HousingWire: Housing in places like New York, San Francisco fail more than just the locals Significant restrictions on housing polices in three American cities significantly curtailed the economic growth of this country in the last half-century. That’s right, if … Continue reading →

Posted in Economics, New Development, New Jersey Real Estate, NYC, Politics | 165 Comments

Expensive to buy here, expensive to rent here – but it’s cheaper than NYC!

Posted on May 20, 2015 by grim

From the Star Ledger: N.J. is one of the most expensive places to rent in the country, new study says The roughly one-third of New Jersey households comprised of tenants face rents that rank among the most costly in the … Continue reading →

Posted in Housing Recovery, New Jersey Real Estate, NYC | 147 Comments

Buying your way in

Posted on May 16, 2015 by grim

From the NYT: Want a Green Card? Invest in Real Estate Like many of her fellow classmates at New York University, Yanchu Zhao has a busy schedule. A college junior, she has a double major in economics and journalism, and … Continue reading →

Posted in Demographics, Economics, Housing Recovery, NYC | 26 Comments

Peak Brooklyn?

Posted on April 13, 2015 by grim

From Bloomberg: Brooklyn Home Prices Jump 18% to Record as Buyers Compete Home prices in Brooklyn jumped to a record in the first quarter as buyers clamoring to own real estate in New York’s most populous borough competed for the … Continue reading →

Posted in Demographics, Economics, NYC | 187 Comments

NY – Worst place to be a landlord

Posted on April 10, 2015 by grim

From Realtytrac: House Payments More Affordable Than Fair Market Rents in 76 Percent of U.S. Housing Markets According to County-Level Analysis Markets with lowest returns on residential rental properties Markets with the lowest potential annual gross rental yields for homes … Continue reading →

Posted in Economics, New Jersey Real Estate, NYC | 38 Comments

Why NYC remains at the top

Posted on March 30, 2015 by grim

From the Atlantic: The Feedback Loop That Will Make America’s Richest Cities Even Richer This week, the Brookings Institution came out with a report on “job proximity”—that is, which cities have the largest and fastest-growing concentrations of jobs in their … Continue reading →

Posted in Demographics, Economics, Employment, NYC | 84 Comments

Back in the New York groove

Posted on March 16, 2015 by grim

From the WSJ: U.S. Regained Top Spot for Real Estate Investment in 2014 We’re number one – again! For the first time since 2009, the U.S. was the top destination for capital going into real estate markets, according to Cushman … Continue reading →

Posted in Demographics, Employment, National Real Estate, NYC | 143 Comments

Fake it until you take it

Posted on February 22, 2015 by grim

From Bloomberg: How to Hang Out in a House Until It’s Yours The cult of adverse possession is alive and well in New York City. Adverse possession is the centuries-old legal principal that says, basically, if a squatter occupies a … Continue reading →

Posted in National Real Estate, NYC, Unrest | 6 Comments

NYC – Where criminals store their wealth?

Posted on February 8, 2015 by grim

From the NYT: Stream of Foreign Wealth Flows to Elite New York Real Estate On the 74th floor of the Time Warner Center, Condominium 74B was purchased in 2010 for $15.65 million by a secretive entity called 25CC ST74B L.L.C. … Continue reading →

Posted in Economics, NYC, Politics, Unrest | 42 Comments