Why are NJ home prices keeping up ? * Opening ● New Jersey's real estate market has significantly outperformed the national average over the last year, with prices rising approximately 5.4% to 7% while the national growth stalled at roughly 0.9%. ● This "NJ anomaly" is driven by a unique combination of extreme supply shortages and persistent demand from high-wage commuters. Here is an analysis of...
New Dedicated Agency Established to Prevent Real Estate Fraud. • New York City Mayor Eric Adams has established a dedicated agency to strengthen the response to home ownership fraud. On the 24th, Mayor Adams announced the creation of the city's first Office of Deed Theft Prevention (ODTP) under the Department of Finance (DOF). • The agency will be tasked with monitoring "deed theft"—real...
Tax Saving Strategy: Cost Segregation & Bonus Depreciation 1. Real Estate Depreciation Depreciation is a "phantom expense." The IRS assumes that buildings wear out, decay, or become obsolete over time. Therefore, they allow you to deduct a portion of the building's value from your income every year, even if the property is actually increasing in market value. The Calculation: You cannot...
NYC Developers Are Suddenly Obsessed With the Number 99. A city government program that was enacted in 2024 offers a tax exemption to developers of most apartment buildings that have fewer than 100 units and include some affordable housing. Anyone building bigger than that has to abide by stricter requirements to get the same tax break. They have to pay construction workers at least $40 an hour, or...
Tax Saving Strategy: REPS REPS: Real Estate Professional Status 1. The Core Benefit: Deducting Rental Losses against Ordinary Income - Normally, the IRS considers rental activities as "passive," meaning you can only use rental losses to offset other passive income. However, with REPS, your rental activities are treated as "non-passive." ● Key Advantage: You can use rental losses (often "paper...
New Jersey Home Price Growth Ranks #1 in the Nation • Compared to the national average home price growth of 0.5% during the same period, home prices up 6% compared to last year Driven by influx from New York City and limited supply. While the national housing market is generally slowing down, New Jersey's home price growth has emerged as the most prominent in the country. • The 'Spillover'...
AI Data Center on Space ● Issues with Earth Data Center - Huge Consumption of Electricity * Power Over loading * Carbon Footprint increase - Heat generation : Cooling requirement: * Water Resource Drinking/Plantation Water Reduction. * Warm water disturbs surrounding eco systems - Physical space: Large Real Estate Price disruption - Objection from community NIMBY ● Space Data Center...
Mortgage Rates Jumped in Week, Rising to 6.46%. • Mortgage rates rose to the highest level since September, the fifth straight weekly increase. The average rate on the standard 30-year fixed mortgage climbed to 6.46%, up from 6.38% last week, according to Freddie Mac. • Mortgage applications for home purchases fell a seasonally adjusted 3% last week compared with the previous week, according...
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