Njrereport.com

New Jersey Real Estate Report | Real Estate, Economics

8 Months In… From Inman News: Foreclosure activity hits historic lows as filings drop 81%. Foreclosure filings, including default notices, scheduled auctions or bank repossessions, dropped 81 percent year over year to 27,016 filings, according to Attom Data Solution’s Q3 2020 U.S. Foreclosure Market Report.The number, which was also down 12 percent from the previous quarter, marks a new

Actived: Monday Oct 19, 2020

URL: http://njrereport.com/

New Jersey Real Estate Report | Real Estate, Economics

Details: From NJ1015: Home buying surges at the shore amid COVID-19, brokers say. Brokers and real estate agents say home-buying at and near the beach has surged significantly since the start of the coronavirus pandemic — mostly when the weather started warming up in May — and professionals in the field are attempting to keep up with demand as shortage of inventory makes each available property a

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New Jersey Real Estate | New Jersey Real Estate Report

Details: Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again.

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National Real Estate | New Jersey Real Estate Report

Details: From Forbes: The Real Estate Landscape In 2020: An Expert’s Predictions Sellers will expand on home improvements before selling These will go far beyond staging as buyers become less inclined to buy homes that need work “They wish to know …

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Shore Real Estate | New Jersey Real Estate Report

Details: From the APP: NJ Airbnb users now must pay tax, unless they use a real estate agent Visitors to the Shore who want to avoid paying a new … Continue reading → Posted in New Jersey Real Estate , Shore Real Estate , Unrest | 38 Comments

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New Jersey Real Estate Report | Real Estate, Economics

Details: Hudson County real estate market thrives as NYC couples, families, continue migrating for more value. For years, Hudson County real estate has enticed scores of New Yorkers to ditch the Big Apple in favor of more space and lower rents without sacrificing city access. The coronavirus pandemic seems to be accelerating those migrations.

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August | 2020 | New Jersey Real Estate Report

Details: From the Jersey Journal: Hudson County real estate market thrives as NYC couples, families, continue migrating for more value For years, Hudson County real estate has enticed scores of New Yorkers to ditch the Big Apple in favor of more …

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Property Taxes | New Jersey Real Estate Report

Details: From MarketWatch: Housing market is tipping in favor of buyers, real-estate agents say It’s been a long winter in the housing market. Economic unease, uncertainty about taxes, fluctuating mortgage rates, and rain and snow have kept buyers and sellers on …

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New Jersey Real Estate Report | Real Estate, Economics

Details: Sales activity in Westchester — along with Long Island and Fairfield County in Connecticut — since last year has remained strong because more consumers are seeking affordable homes in surrounding suburbs, said Jonathan Miller, CEO and president of Miller Samuel Inc., a real estate appraisal and consulting firm, which monitors 18 real estate

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Housing Recovery | New Jersey Real Estate Report

Details: Posted in Economics, Housing Recovery, National Real Estate, New Jersey Real Estate | 26 Comments. Mortgage company CEO wants tax break so he can write more mortgages. Posted on October 14, 2019 by grim.

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New Jersey Real Estate Report | Real Estate, Economics

Details: The seasonally adjusted data, which he said is more appropriate for real estate, reports small, month-to-month declines of less than 1 percent in prices from August to September and again in October. From the WSJ: Home Prices Inch Up, but Outlook Murky .

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New Jersey Real Estate Report | Real Estate, Economics

Details: Residential real estate markets in the District have shown increasingly widespread signs of improvement in recent weeks. New York City apartment rents, which had flattened out in the final months of 2012, have accelerated in early 2013 and are reported to be up 6-7 percent from a year ago in Manhattan and by somewhat more in Brooklyn.

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October | 2020 | New Jersey Real Estate Report

Details: From NJ1015: Home buying surges at the shore amid COVID-19, brokers say Brokers and real estate agents say home-buying at and near the beach has surged significantly since the start of the coronavirus pandemic — mostly when the weather started warming up …

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New Jersey Real Estate Report | Real Estate, Economics

Details: The first quarter showed the state’s office leasing market posted 1.75 million square feet of lease deals — both new and renewed, according to real estate services firm JLL, the Wall Street Journal reported.

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New Development | New Jersey Real Estate Report

Details: From GlobeSt: NJ’s Industrial Market Continues to be a Record-Breaker The industrial real estate market in New Jersey continues to see strong demand, higher rents and low availabilities. Commercial brokerage firm CBRE in its latest market report on the industrial … Continue reading →

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New Jersey Real Estate Report | Real Estate, Economics

Details: There is a real estate disclosure law in Pennsylvania that spells out exactly what a seller must do to comply. Real estate agents are obligated to assist sellers in completing the form, and prospective buyers and their agents get copies. New Jersey has no required disclosures that sellers must make.

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New Jersey Real Estate Report | Real Estate, Economics

Details: That’s the forecast by real estate consultancy Otteau Valuation Group for four counties close to New York City: Bergen, Essex, Union and Middlesex. The firm sees a dip in single-family home prices this year, followed by a 6% jump in 2021, the biggest annual increase since 2005.

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New Jersey Real Estate Report | Real Estate, Economics

Details: From NJBIZ: With April 1 deadline looming, N.J. facing surge of property tax appeals. With many types of commercial real estate still reeling from the downturn, New Jersey faces a tidal wave of property tax appeals from thousands of weary, often cash-strapped building owners across the state.

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New Jersey Real Estate Report | Real Estate, Economics

Details: “Real estate development will probably hit its cyclical bottom in 2010,” Hughes and Seneca wrote. They warned “the industry will still continue to be constrained by a lack of demand in its many dimensions, tepid private-sector employment growth, corporate cost-cutting and efficiency efforts, small business stuck in survival mode, stifled

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New Jersey Real Estate Report | Real Estate, Economics

Details: Real estate experts told the Associated Press that he’s probably losing on the deal, since he has two mortgages worth $1.25 million plus $27,000 in annual property taxes. Posted in Economics , Housing Bubble , National Real Estate , Politics | 315 Comments

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New Jersey Real Estate Report | Real Estate, Economics

Details: Housing analysts say the troubled real estate market can’t recover until the large number of distressed properties are finally sold. The properties make up a so-called “shadow inventory” — not on the market yet, and likely to ultimately sell at a large discount to other properties, pulling down housing values.

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September | 2020 | New Jersey Real Estate Report

Details: From ROINJ: N.J. unemployment jumps again after milestone week After a week when unemployment claims slipped below the 20,000 mark in New Jersey, they jumped back up 25% during the week ended Sept. 19, according to the state Department of Labor …

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National Real Estate | New Jersey Real Estate Report | Page 2

Details: Posted in Demographics, Economics, Employment, National Real Estate | 117 Comments Mortgage company CEO wants tax break so he can write more mortgages Posted on October 14, 2019 by grim

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New Jersey Real Estate | New Jersey Real Estate Report

Details: From GlobeSt: NJ’s Industrial Market Continues to be a Record-Breaker The industrial real estate market in New Jersey continues to see strong demand, higher rents and low availabilities. Commercial brokerage firm CBRE in its latest market report on the industrial …

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Humor | New Jersey Real Estate Report

Details: From the Star Ledger: When it’s time to sell your home, words matter So you’re selling your house. You could keep the listing short and simple: “3BR, 1BA, eat-in kitchen.” Or you could do what real estate agent Maryanne Elsaesser … Continue reading →

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Foreclosures | New Jersey Real Estate Report

Details: From NJ101.5: NJ still the worst state for foreclosures As we move further away from last decade’s housing crisis, its lingering impacts on the real estate market are dwindling. But the Garden State still can’t escape its role as the … Continue reading →

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New Jersey Real Estate Report | Real Estate, Economics

Details: On the national level, commercial real estate loans climbed to $1.3 trillion in 2005, up 16% on the year. The Office of the Comptroller of the Currency has found that a third of nationally chartered banks have commercial real estate loans that amount to 300% or more of bank capital.

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North Jersey Real Estate | New Jersey Real Estate Report

Details: Posted in Demographics, Economics, Employment, New Development, North Jersey Real Estate, Property Taxes | 147 Comments Just let Atlantic City fall into the sea Posted on December 21, 2015 by grim

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Mortgages | New Jersey Real Estate Report

Details: Posted in Economics, Mortgages, National Real Estate | 19 Comments Facebook attempts to stop discrimination, after supporting it, and profiting from it, for years. Posted on March 20, 2019 by grim

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South Jersey Real Estate | New Jersey Real Estate Report

Details: From the Philly Inquirer: Region – especially Phila. – had a good spring for home sales Spring’s real estate market was the Philadelphia area’s best since the housing bubble burst in mid-2007, with significant increases in prices and sales volume …

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National Real Estate | New Jersey Real Estate Report | Page 3

Details: From Forbes: The California Real Estate Boom Is Over. What Now? If you had invested in a property in San Francisco five years ago and cashed out in 2019, you would have made a 50% profit, never mind the rental …

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Property Taxes | New Jersey Real Estate Report | Page 3

Details: From The Real Deal: No exodus from California despite pressure from new fed tax plan: real estate pros While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, …

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New Jersey Real Estate Report | Real Estate, Economics

Details: According to the real estate trade group, home prices in the area that includes Bergen, Passaic and Hudson counties, as well as New York City, fell to $429,900, down from $492,800 a year earlier. And the volume of home sales in New Jersey plummeted 18.7 percent from the first quarter of 2008. Sales were running at a a seasonally adjusted annual

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The other South Jersey market | New Jersey Real Estate Report

Details: News about South Jersey real estate often includes fair amounts of gloom and doom. Atlantic County is still the national leader in mortgage foreclosures. And sales figures from New Jersey Realtors, the trade group, show the median value of a single-family home in Cape May County dropping last year by 5.8 percent to $290,000.

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Politics | New Jersey Real Estate Report

Details: Seems I picked a fine time to stop blogging. Markets in turmoil, global pandemic, potential real estate catastrophe looming. Couple of folks reached out to me over the past few days about opening the blog back up again.

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Property Taxes | New Jersey Real Estate Report | Page 2

Details: Posted in New Jersey Real Estate, Politics, Property Taxes, Unrest | 26 Comments. Blue states throw Republican strategy right back in their face. Posted on July 18, 2018 by grim.

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New Jersey Real Estate | New Jersey Real Estate Report

Details: From the Record: Commercial developers offer grim outlook New Jersey’s commercial real estate community believes the state is an unfriendly place for business, to the point that companies are going to Pennsylvania rather than pay the proposed toll-road increases and … Continue reading →

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January | 2018 | New Jersey Real Estate Report

Details: From the APP: Real estate forecast: Partly sunny, with mix of clouds How would you characterize the health of New Jersey’s residential housing market, from the perspective of homeowners and potential home buyers and sellers? In a word, uncertain. The … Continue reading →

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March | 2019 | New Jersey Real Estate Report

Details: From MarketWatch: Housing market is tipping in favor of buyers, real-estate agents say It’s been a long winter in the housing market. Economic unease, uncertainty about taxes, fluctuating mortgage rates, and rain and snow have kept buyers and sellers on … Continue reading →

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New Jersey Real Estate Report | Real Estate, Economics

Details: Real estate professionals around Morris County agree: If the next 11 months are anything like the last few months, 2010 could be a pretty good year. Overall, 2009 will go into the books as another tough one for real estate in Morris, New Jersey and most of the United States. But a close look at last year’s residential real estate statistics

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New Jersey Real Estate Report | Real Estate, Economics

Details: The overall real estate market in New Jersey and South Jersey hasn’t differed much from the shore market. The number of homes sold in both New Jersey and South Jersey has dropped each year from 2004 through the third quarter of this year. Not unexpectedly, interest rates have risen in that time. So have the median and average price for a home.

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February | 2016 | New Jersey Real Estate Report

Details: Real estate porn goes conservative Posted on February 28, 2016 by grim From Bloomberg: Home buyers in pricey markets are now scared to dream Rising home prices in hot housing markets are robbing buyers of a favorite pleasure: looking at pictures of homes they can’t afford.

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September | 2016 | New Jersey Real Estate Report

Details: From Real Estate Weekly: Study: NYC renter income growing faster than rental rates While the rent may too damn high, it seems renters in New York City have grown more resilient. According to the US Census Bureau’s latest American Community … Continue reading →

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April | 2019 | New Jersey Real Estate Report

Details: Posted in New Jersey Real Estate, Price Reduced, Risky Lending | 92 Comments. Look back at taxes. Posted on April 26, 2019 by grim. From CNBC: The IRS stats are in: Here’s how tax refunds look compared to last year The final stats are in from the IRS — and it looks like the average tax refund check isn’t all that different from last year

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Price Reduced | New Jersey Real Estate Report

Details: 9 Little Tarn Court, Hardyston/Hamburg NJ Purchase Price: $850,000 Purchased: 3/3/2006 Current Asking Price: $698,800 (Short Sale) 18% under 2006 purchase price History MLS# 2270030 Listed: 4/24/2006 Original List Price: $935,000 Reduced: $885,000 Days on Market: 338 Withdrawn MLS# 2390640 …

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July | 2017 | New Jersey Real Estate Report

Details: From the Philly Business Journal: Philadelphia posts solid, post-recession gain in home values Since the real estate bubble burst during the Great Recession of 2007-2009, housing markets across the country have struggled to regain their footing.

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September | 2015 | New Jersey Real Estate Report

Details: From the WSJ: Real-Estate ‘Pocket Listings’ Go Mainstream The 19th-century brick rowhouse on a leafy street in the capital’s upscale Dupont Circle neighborhood is the sort of property that usually would spark a bidding war in a hot real-estate market. … Continue reading →

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Property Taxes | New Jersey Real Estate Report | Page 4

Details: From NJTV: Tax reform throws NJ real estate market into period of uncertainty The president gathered a crowd outside the White House to celebrate the new tax plan last week. Republicans cheered the new order, but across New Jersey homeowners …

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January | 2019 | New Jersey Real Estate Report

Details: From CNBC: The unusually large drop in home sales has real estate agents baffled Real estate brokers are trying to figure out why sales of existing homes plunged in December. The 6.4 percent monthly move was unusually large, regardless of … Continue reading →

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Housing Bubble | New Jersey Real Estate Report | Page 2

Details: From CNBC: NYC has moved into a buyer’s market, and is experiencing a housing trend last seen in 2009 New York City’s pricey real estate has become a “buyers market,” new data suggests, characterized by lowball offers and a rise … Continue reading →

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June | 2015 | New Jersey Real Estate Report

Details: 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.

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