There’s a lot to think about when looking at all the different choices of New Jersey condos to purchase. While many things to look for in a condo are the same when looking for a house, there are many more things that are different.
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March 31, 2010March 25, 2010Jersey City Real Estate and the Jersey City Redevelopment AgencySince the late 1940’s, the Jersey City Development Agency has worked to create community opportunities and to attract commercial, residential and industrial real estate projects to the area. This organization recognized long ago the opportunities that Jersey City could provide, both as a place to live as well as provide opportunities for companies have their offices in New Jersey’s second largest city. March 24, 2010March 17, 2010The Latest News in Jersey City ApartmentsJersey City is quickly becoming the new hot place for young professionals to live, work and have a life. Finding the right apartment, however, can be a challenge. The ultimate decision will need to be based on a specific list of criteria and that list will vary from person to person. Deciding on One of the Many Jersey City ApartmentsThere are a multitude of Jersey City Apartments available. Many are often nothing more than a simple apartment within an average building; perhaps even with an elevator. There are, however, a few Jersey City apartments that bring urban upscale living to a new level. Some of these newer luxury Jersey City apartments understand the busy lifestyle of young professionals on the rise and focus on making their residents’ needs as easy to attain as possible. Some of these upscale Jersey City apartments can include great views of the Hudson River and the New York City skyline. March 12, 2010Could Transfer of Affordable Housing Control Affect Jersey City Condos?The state Senate has begun to create a bill that would change the way affordable housing is handled in New Jersey, per the The Star-Ledger. According to the story – titled “N.J. Senate panel considers plan to transfer affordable housing control to towns” by Lisa Fleisher – the draft “would disband the controversial Council on Affordable Housing and turn its powers over to the State Planning Commission, ending 25 years of state power over municipal planning,” (www.nj.com). Could this bill, if it passes, impact affordable housing and Jersey City condominiums? The affect, of course, remains to be seen. Currently, the Jersey City Housing Authority oversees housing for lower income families in the city. Homes in NJ Facing ForeclosureAccording to California-based RealtyTrac, the leading online marketplace for foreclosure properties, New Jersey ranked No. 14 in foreclosure rate for 2009. More than 63,000 homes in NJ received at least one foreclosure filing last year, per RealtyTrac (www.realtytrac.com). According to the data released, these foreclosures represented 1.81 percent of housing units statewide, an alarming 103 percent increase from 2007 (www.realtytrac.com). Clearly homes in NJ did not escape the seemingly endless real estate crisis. |
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