2010 Predictions

Once the cobwebs clear and I am back in work mode on January 1-2, I will be giving a complete update on how our local housing markets have fared since 2008.  It will be called “New Jersey State of the Market”. It should be quite interesting to see some of the charts that we will [...]

Homebuyer Tax Credit Extension? UPDATE…APPROVED!

As predicted by NJ Real Estate Guys, the Homebuyer Tax Credit has been extended through April, 2010.  The senate voted last night to put a halt to any changes and add-ons to the bill so it is now fast – tracked. Here is a summary of what it looks like: $8000 credit for first time [...]

Wall Street firm to move 1,600 jobs to Jersey City, N.J

New Jersey has issued $90 million in tax incentives to The Depository Trust and Clearing Corp if they move a ton of jobs over the river to New Jersey.  The estimated job increase will be 1,600 jobs to the Newport Pavonia section of downtown Jersey City. Overall, this should help the real estate market clear [...]

Plenty of bargains on northern NJ multi family homes for sale

Recently, I have been a huge advocate of first time homebuyers having an open mind to multi-family homes in northern NJ.  For the sake of argument, I am going to use Clifton, NJ as my example since my most recent inquiries were for Passaic County. Let’s assume renters, or you are paying $1,250 for half [...]

Home Buyer Consultations | First Timers & Everyone else

With the volatile nature of the New Jersey real estate market, first time home buyers and non- first time homebuyers must know their current options available to them to maximize their potential home investment.  There are many determining factors that everyone needs to take into account.        Do you qualify for the first time home buyer tax credit? Have [...]

Watch for Buyer / Seller Disconnect

We are starting to see a a growing phenomenon with New Jersey real estate, at least in our areas on the northern side including Hoboken, Jersey City, Weehawken, Bergen County, and other areas who are heavily employed in the NY metro markets.  The fear that there is a buyer and seller disconnect could become a [...]

Want out? Sell at a loss, buy at a discount

So you bought at the peak of the real estate market and now want out; maybe because you bought quickly during the peak due to the mental affect the pace the market was moving at?  Or maybe you have detached yourself mentally from your home and see greener pastures for you in another area/home.  The [...]

NJ Income Property | Investment Multi-Family

Welcome to New Jersey!!  An area where real estate investors have been making money since the stone age.  NJ has been a long standing state for income property for a few reasons;  Location, Location, Location.  New Jersey not only offers a variety of residential real estate, but depending on the area you are looking into, [...]

Inflation or Deflation… Which is worse?

I read an interesting article back in May which addressed the question, “How do you guard against both the deflationary forces of America’s worst recession since the 1930′s and the vigorous response of the Federal Reserve, which has in effect cut interest rates to zero and rapidly expanded its balance-sheet?  A reknown Fed historian, Allan [...]

UrbanDigs: So, Is This The Time Gold Breaks Out?

My friend in the City, Noah Rosenblatt, a macroeconomics super-blogger and publisher of UrbanDigs has an interesting article regarding the precious metal industry.  With the numerous inquiries I have received on my own opinion on gold, I’ll leave it to Noah, who wrote a very informative article yesterday:  UrbanDigs A: You know my feelings on gold [...]

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