Another Internet Company in NJ
It was recently reported that Blue Apron is planning to expand its operations to Linden, New Jersey.
Blue Apron in New Jersey
Blue Apron is a leading fresh-meal kit delivery company based in New York City.
The company expects to employ over 2,000 people in the new Linden facility upon construction of a new 495,000-square-foot fulfillment center by the end of 2017.
One of the reasons for Blue Apron’s expansion is to meet strong customer demand and to help improve operational logistics and efficiencies.
Currently, Blue Apron operates fulfillment centers in Jersey City; Arlington, Texas; and Richmond, California. The company is also planning to roll out an additional fulfillment center in Fairfield, California, in 2018.
The decision to build out a Linden facility was the result of efforts in part by Choose New Jersey, the privately-funded business attraction and retention arm of New Jersey. Blue Apron’s decision was based upon Linden’s proximity to more than 22 million consumers. Nearly 40% of the U.S. population also can be reached within two days from New Jersey via its transportation and rail infrastructure.
Seriously underwater properties are down by 1 million from 2015.
According to ATTOM Data Solutions, curator of the nation’s largest fused property database, the number of equity rich U.S. properties increased by 1.3 million from 2015.
U.S. Equity Rich Properties Climb Higher
The ATTOM Data Solutions report shows that as of the end of 2016, there were 5.4 million (5,408,323) U.S. properties seriously underwater — where the combined loan amount secured by the property was at least 25% higher than the property’s estimated market value — a decrease of more than 1 million properties (1,028,058) from a year ago.
The 5.4 million seriously underwater properties at the end of 2016 represented 9.6% of all U.S. properties with a mortgage. This figure is down from the 10.8% at the end of Q3 2016 and down from 11.5% at the end of 2015.
Daren Blomquist, senior vice president with ATTOM Data Solutions, said, “Meanwhile, the number of equity rich homeowners has increased by nearly 4.8 million over the past three years, a rate of about 1.6 million each year. Between 2000 and 2008, our data shows the average homeownership tenure nationwide was 4.26 years, but that average tenure has been trending steadily higher since 2009, reaching a new record high of 7.88 years for homeowners who sold in 2016.”
The report also found that as of the end of 2016 there were 13.9 million (13,877,315) U.S. properties that were equity rich.
The 13.9 million equity rich properties at the end of 2016 represented 24.6% of all U.S. properties with a mortgage, up from 23.4% at the end of Q3 2016 and up from 22.5% at the end of 2015.
Checking out a great article on NJ.com it offers some wonderful and romantic ideas for Valentine’s Day 2017.
Even though Valentine Day’s comes along in the dead of winter, there are some great spots you can go with your sweetheart. Here are Jersey’s ten most romantic spots, with several off the beaten path or with a decidedly Jersey spin.
Click this link to check
According to the Mortgage Bankers Association mortgage applications increased by 2.3% on a seasonally adjusted basis for the week from the previous week. This bodes well for the upcoming spring buying season, reflecting that there will be significant buying interest this coming spring 2017.
On a comparative basis, when matched with 2016 applications, the total number of mortgage applications has fallen by 23% which is attributed to the significant drop in refinancings, reflecting the pool of potential refinancers has contracted.
■ Mortgage applications to purchase a home rose by 2% from the prior week.
■ Mortgage applications to purchase a home are 3.6% higher than in 2016.
■ Buyer demand has been increasing steadily.
■ The inventory of homes for sale remains historically low.
■ Buyers appear to be competitively positioned.