Category Archives: NYC

So what’s this mean for Jersey?

Posted on July 3, 2018 by grim

From Bloomberg: Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on … Continue reading →

Posted in Comp Killer, Economics, New Jersey Real Estate, NYC | 78 Comments

Good times on Long Island

Posted on April 27, 2018 by grim

From CBS NY: Long Island Housing Market Making A Serious Comeback Bidding wars, competition among buyers and low inventory are driving up demand for homes. And right now in our region the biggest rush for houses is on Long Island. … Continue reading →

Posted in Housing Recovery, National Real Estate, NYC | 81 Comments

Don’t need NY to tell us we’re cool … but it sure don’t hurt

Posted on April 14, 2018 by grim

From the NY Times: Wait, New Jersey Was Once Not Cool? New Jersey chic used to have a name: Bruce Springsteen. And that was pretty much it, at least according to the Garden State’s haughty neighbors across the Hudson River, … Continue reading →

Posted in Demographics, Humor, New Jersey Real Estate, NYC | 121 Comments

No surprises here, big money stays in Manhattan

Posted on April 13, 2018 by grim

From Bloomberg: New York City’s Top Earners Still Choose Manhattan Over Brooklyn Brooklyn may claim the popularity contest, but Manhattan’s still home to the city’s highest earners. That’s the upshot from a Bloomberg analysis of household earnings by zip code, … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 132 Comments

Foreclosures spike in NYC?

Posted on April 9, 2018 by grim

From The Real Deal: New York City foreclosures are back to financial crisis levels The number of foreclosures in the city continued to climb this year, with Staten Island and Brooklyn seeing the largest upticks in scheduled auctions. In the … Continue reading →

Posted in Economics, Foreclosures, NYC | 84 Comments

Come to the dark side

Posted on April 8, 2018 by grim

From CNBC: Jersey City becomes alternative to New York, but without the ‘sticker shock’ in prices Real estate prices in New York City have cooled but remain astronomically high, so Jennifer Tobias, a senior designer at the Studio Sofield design … Continue reading →

Posted in Gold Coast, Housing Recovery, NYC | 11 Comments

Uh Oh

Posted on April 3, 2018 by grim

From Bloomberg: Manhattan Home Sales Tumble Most Since 2009 as Buyers Push Back Home sales in Manhattan plunged by the most since the recession as buyers at all price levels drove hard bargains and were in no rush to close … Continue reading →

Posted in Economics, Housing Recovery, New Development, NYC | 135 Comments

Who is to blame?

Posted on March 4, 2018 by grim

From the Star Ledger: Trump trying to block funding for Gateway Tunnel project President Donald Trump is trying to block federal funding for the Gateway Tunnel project even though the House has already allocated $900 million for it, according to … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 34 Comments

NY jumps to the front?

Posted on February 27, 2018 by grim

From Inman: Home prices reach new peak, NY makes biggest gains According to the most recent Home Price Index (HPI) report from Black Knight, Inc., home prices in December increased .10 percent month-over-month and 6.6 percent year-over-year to $283,000 — … Continue reading →

Posted in National Real Estate, NYC | 105 Comments

Keep Manhattan, just give me that countryside

Posted on February 26, 2018 by grim

From the Real Deal: Why increasing numbers of New Yorkers are calling it quits on city life According to realtors, there’s a great exodus from New York City that can be measured in New Jersey commuters. Over the past 25 … Continue reading →

Posted in Demographics, Economics, New Jersey Real Estate, NYC | 85 Comments

Looks like we got a loophole

Posted on January 24, 2018 by grim

From Bloomberg: State Tax Workarounds Could Mean $154 Billion Lost to Treasury New York state lawmakers could punch a $50.6 billion hole in the federal government’s budget by revamping their state income tax. If California followed the same approach, its … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics, Property Taxes, Unrest | 88 Comments

In foreclosure … for 10 years

Posted on January 10, 2018 by grim

From Curbed: In 2017, NYC foreclosures reached its highest level since 2009 Foreclosures have been on the rise across New York City for a while now but in 2017, the number of cases hit its highest peak in eight years. … Continue reading →

Posted in Foreclosures, Housing Bubble, NYC | 271 Comments

Where’s our pork?

Posted on December 8, 2017 by grim

From the NYT: On Tax Bill, It’s Trump vs. His Hometown When President Trump returned to his hometown on Saturday for a day of fund-raisers, his third and final check-collecting stop was the Park Avenue home of Stephen A. Schwarzman, … Continue reading →

Posted in NYC, Politics | 90 Comments

Sorry about your home prices

Posted on December 5, 2017 by grim

From the NY Times: How New Yorkers Would Lose Under the Republican Tax Bill The tax bill approved by the Senate is many things, offering a huge tax cut for corporations, lower rates for the wealthy, and a big victory … Continue reading →

Posted in New Jersey Real Estate, NYC, Politics | 265 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