Foreclosures and New Jersey

by | Aug 7, 2024 | Uncategorized

Foreclosures Fell 3.5% for the First 6 Months of 2024 During the first 6 months of 2024 ATTOM reported that 177,431 U.S. properties had filed foreclosures. This represents a decrease of 4.4% from the same period in 2023 but is up 7.8% from 2022. In general, since 2020...

Commercial – NYC Building Auctioned Part 2

by | Aug 6, 2024 | Uncategorized

But I think this is just the tip of the commercial real estate iceberg. If you would permit me to suggest, something else may be happening. Many of the industries, and not just businesses, but industries, that have been headquartered in New York City have moved to...

Commercial – NYC Building Auctioned Part 1

by | Aug 5, 2024 | Uncategorized

When a $332 million building in Manhattan sells for just $8.5 million, it has to raise some eyebrows and some big questions. Back in 2006, 135 W 50th Street Manhattan sold for nearly a third of a billion dollars, with nearly every floor occupied. And demand for office...

June Sales for Bergen & Passaic Counties

by | Aug 2, 2024 | Uncategorized

Bergen and Passaic Counties Bergen County Single Family Homes for June Key Metrics         2023       2024     Change New Listings        729         730     + 0.1% Closed Sales       600        528     – 12.0% DOM*                   33           27     – 18.2% Median...

High Growth Pockets

by | Aug 1, 2024 | Uncategorized

Real estate is all about location. So, tell me something I don’t know! Well, it may be about location, but the dynamics and the market demands of the way we look at various market niches is going to change. Granted, the low inventory, the high prices and the...