Hoboken Condo Price Per Square Foot Comparison
Several calls inquiring about square foot prices in Hoboken have motivated me to write a little blurb about what is going on out there and how we value condos in town. The good news is that almost every month of sales since April has gained on the previous month for square foot prices. Take a [...]
U.S. seeks to ease mortgage refinancing & NJ Short Sale BS
In a new effort to fix the housing crisis, Fannie Mae and Freddie Mac are considering reducing restrictions and barriers for homeowners underwater on their mortgage. The government giants will look to ease refinancing for homeowners that want to take advantage of lower rates. Currently, the HARP program only allows borrowers to refinance at current [...]
Trump still very interested in NJ real estate
One of the world’s most reknown real estate investors and name brand has insisted he is still looking at New Jersey for potential real estate investments. One of the main talking points that stuck out in his interview with Fox News was that he believes that NJ is a great state for new business and [...]
Hudson County NJ LOFTS Market Update
August 17, 2011 by admin
Filed under Blog, Hoboken, Jersey City
We are fielding a lot of requests for Loft Building information. Since we love lofts and show and list a ton of them, I figured we’d give you a YTD Update on the loft units in some popular buildings in Hudson County. This report is as of August 16, 2011. To be forwarded to the [...]
Montclair Property Taxes to come DOWN!
August 17, 2011 by admin
Filed under Blog, NJ Suburbs
One of the biggest knocks on Montclair real estate has been the high property taxes. Montclair is full of beautiful Victorian and Colonial homes with some phenomenal downtown districts, but the taxes are too damn high!! Well, not for long…at least for most. All Montclair property owners can expect their tax assessment to change following [...]
Apartment Complex Investors – Multi Family Residential
May 9, 2011 by admin
Filed under Blog, Condo Buildings, Income Property
As the Northern New Jersey housing market works into its final stages of finding the bottom in many sub-markets, more and more demand for rental units continue to heat up. Challenging home financing requirements, foreclosed / short sale homeowners who are pretty much forced to rent, and preference of lowering personal living expenses are just [...]
Hoboken Condo Report – April 2011
The Hoboken real estate market is continuing to outperform other urban markets. The improving job market combined with low prices and interest rates are fueling the drive. A clear indication that the market is doing well is the rate of absorption. The rate of absorption is the amount of time in months it would take [...]
Hoboken Condo Sales Price / SF Report
In addition to the monthly and quarterly sales reports on the Hoboken condo market, I am always curious to know what the sales price per square foot is in any given real estate market. This, in my opinion gives a better indication on what your money buys and how much the market has gained or [...]
JP Morgan Chase earnings soar – Mortgage Losses High
JP Morgan Chase, the second largest bank in the world as far as assets, earned $5.6 billion during Q1 2011 which boosted shares up to $1.28, exceeding 28 analysts expectations of $1.15. These earnings are up 67% from the $3.3 billion earned during this period a year ago. Earnings are up 15% since Q4 2010. [...]
Jersey City’s Montgomery Gardens to be revitalized
Great news for Beacon owners! Jersey City was one of the 17 communities selected from 119 applying nationwide for federal real estate aide. Under President Obama’s “Choice Neighborhoods” Initiative” which encourages public and private institutions to work together to further development- including market-rate and “work force” housing, retail and commercial space, and schools – in [...]
