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Home prices in the New York metropolitan area continue to rise, but at the slowest pace in the nation, the S&P CoreLogic Case-Shiller Indices said Tuesday. Single-family home values in the region, which includes North Jersey, rose 3.1 percent in the 12 months ended December. That compares with a national increase of 5.8 percent. “Driven in part by a healthy economy and near-historic low inventory, the U.S. housing market is showing signs of picking up steam,” said Ralph McLaughlin, chief economist for the real estate website Trulia.
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There is an ongoing building boom along the shore resort islands of New Jersey, as more and more people spend more and more money to get close to the ocean.   Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
With the Oscars around the corner, we wanted to take you on a journey down movie memory lane with a look at some of the coolest homes in the country to have graced the big screen. So sit back, relax, and enjoy the show.
 The joys of homeownership are many: Your own house is a place to make sweet memories, build a financial nest egg, and whittle down your tax bill. Wait, what? Yep, it’s true: Your home can save you a bundle on April 15.
We’ve rounded up every last way to take advantage of the tax benefits of owning a home. Read on for the full rundown just to make sure you aren’t missing any, then pat yourself on the back for all the moolah you’ll save!  You know you should buy a home. Eventually. But timing matters when it comes to such an enormous and potentially life-changing purchase. Which begs the question: When is the best time to buy a house? Does such a moment exist when all lights turn green, guaranteeing this is a decision you won’t regret?
Ever wondered why some paint colors are firmly attached to certain places? We've uncovered the stories behind why barns are always red, why the White House is, well, white, and other color-coded mysteries around the world. Take a look.
 TRENTON -- If you somehow happen to find yourself at President Donald Trump's Mar-a-Lago resort in south Florida, you might catch a glimpse of a powerful south Jersey political powerbroker. George Norcross, arguably the most influential non-elected Democrat in New Jersey, is among the nearly 500 members who belong to the private club in Palm Beach, according to a report by the New York Times. Funds and co-investments have been the most commonly used approach by the pension fund in recent years.
New Jersey has invested in both debt and equity real estate funds in the US and abroad. The pension fund has been investing mainly in non-core opportunities through funds that have invested in single property types, such as industrial assets, as well as multi-sector funds. New Jersey had a real estate portfolio valued at $7bn in October last year, with $5.5bn in real estate equity and the balance in debt. New Jersey Division of Investment is planning to invest as much as $200m (€189m) in real estate in 2017. As of October last year, the pension fund had allocated 5.89% to real estate. The target for 2017 is 7.25%, with the ability to go as low as 2% and as high as 13%. It is likely that the capital will be invested through two fund investments, since the pension fund has often made commitments of $100m or more. The Port of New York and New Jersey, the largest port in the East Coast of the United States, has long been a conduit to economic growth for the two states that it straddles.
The area, which is composed of marine terminal facilities Port Newark, Brooklyn-Port Authority Marine Terminal, the Red Hook Container Terminal, the Howland Hook Marine Terminal, the Port Jersey Port Authority Marine Terminal and the Elizabeth-Port Authority Marine Terminal, may be in for rosier times, with economic activity expected to swell due to the expansion of the Panama Canal. The facility’s fortunes rest on its appeal as a distribution center for online shoppers located within a 24-hour drive. However, one segment of the warehouse market continues to grow, threatening to overhaul the area’s reputation. According to Frank Giantomasi, a member of the Real Estate, Development and Land Use Group of law firm Chiesa, Shahinian & Giantomasi, the port is housing an increasing number of cold storage facilities. NAIOP sees moderate economic growth, energy innovations for Commercial Real Estate industry2/15/2017  The Trump administration’s impact on the economy and how emerging tech innovations can transform commercial real estate were some of the issues addressed at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook, held at the Short Hills Hilton. Nearly 300 industry professionals attended the first major CRE networking event of the year, which included the election of the commercial real estate development association’s 2017 officers and trustees. Dave Gibbons of Elberon Development Group, who assumed the role of chapter president from The Rockefeller Group’s Clark Machemer, said, “We have a big year ahead, with the governorship and all 120 seats in the state legislature up for election in November. With over 740 members, NAIOP NJ is one of the largest chapters in the country, and we will continue to use our voice to advocate for policies that support the health of the commercial real estate market.” Andrew Nelson, chief economist for Colliers International, presented an overview of how economic, industry, demographic and political trends are likely to impact New Jersey’s commercial real estate market. The Port of New York and New Jersey, the largest port in the East Coast of the United States, has long been a conduit to economic growth for the two states that it straddles. The area, which is composed of marine terminal facilities Port Newark, Brooklyn-Port Authority Marine Terminal, the Red Hook Container Terminal, the Howland Hook Marine Terminal, the Port Jersey Port Authority Marine Terminal and the Elizabeth-Port Authority Marine Terminal, may be in for rosier times, with economic activity expected to swell due to the expansion of the Panama Canal. The facility’s fortunes rest on its appeal as a distribution center for online shoppers located within a 24-hour drive. However, one segment of the warehouse market continues to grow, threatening to overhaul the area’s reputation. 84 Glen Alpin Road is an expansive home located in Morristown, New Jersey. This grand estate impresses at every turn, from its unique layout to its exquisite finishes. Given that Katherine Liseno's career at Metuchen Savings Bank encompasses the entirety of her adult life, there's no surprise she's now the longest-serving female bank CEO working in New Jersey. Liseno started moving up the ranks at Metuchen Savings Bank upon joining the nearly 120-year-old institution in 1962. And, in those 55 years, she saw the industry from a position far below C-level before surfacing in the top spot in 1979. NJBIZ spoke with Liseno about her career and the perspective she has on the industry she has spent her life in. 
Want to lavish a little TLC on your home in the form of some smart renovations? Whether you're looking for a great return on investment or just something you'll enjoy without breaking your back or bank account, check out this list of expert-approved renovations you won't ever regret.
If you had millions of dollars what would you build and create the most amazing house ever? Here are 10 Insane Celebrity Homes.
Believe it or not, you don’t need a huge yard to create the oasis of your dreams. Brian Patrick Flynn, designer of this year’s HGTV® Dream Home, shares his advice on how to create a great outdoor space—wherever you live.
Source: realtor.com Rising mortgage rates, bigger jumps in home prices and still-moderate income growth are adding up to a triple threat for the housing market this spring.
Home affordability fell to the lowest level in seven years at the end of 2016, and the ingredients for a reversal are not there anytime soon. It now takes 22.2 percent of median income to make the monthly principal and interest payment on the median priced home, according to a new report from Black Knight Financial Services, which based the measure on borrowers using a 30-year fixed mortgage. That monthly payment on the median-priced home increased 10 percent in the fourth quarter alone, thanks to a sharp jump in mortgage rates following the presidential election. Quirk publisher Jason Rekulak's hometown visits to Metuchen inspired his charming coming-of-age debut novel, "The Impossible Fortress," which he will read and sign Feb. 8 at Old Franklin Schoolhouse
Thomas Wolfe may have said, "You can't go home again," but then, he didn't know Jason Rekulak. The Quirk publisher will return home to Metuchen on Feb. 8 at Old Franklin Schoolhouse to discuss and sign his new 1980s-themed debut novel, "The Impossible Fortress." The charming, funny coming-of-age tale is about a 14-year-old lad from Wetbridge who can deal with computer code a lot better than he can girls. |
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