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Housing Affordability in New Jersey, 2010-2020

2022-10-21T16:45:32-04:00

by Maia de la Calle. Rutgers Economic Advisory Service (R/ECON™) Housing affordability and ownership accessibility The main expense incurred by New Jersey’s residents is shelter or housing.  As of 2019, New Jersey ranked third in the country for median monthly housing costs, after California and Hawaii.[1] In that same year, the median gross rent for [...]

Housing Affordability in New Jersey, 2010-20202022-10-21T16:45:32-04:00

The Revival of Urban Enterprise Zones in New Jersey

2022-10-21T16:32:57-04:00

By Adam Scavette Last summer, then acting New Jersey Governor Sheila Oliver signed legislation to devote $42.5 million toward restoring the state’s Urban Enterprise Zones (UEZ) to full operation for fiscal year 2022. In this piece, I discuss the history and performance of UEZs and opportunities to increase their effectiveness. The UEZ program is designed [...]

The Revival of Urban Enterprise Zones in New Jersey2022-10-21T16:32:57-04:00

New Jersey’s Single-Family Housing Markets by County 2021

2022-10-21T16:27:56-04:00

Naheed Azhar and Michael L. Lahr, Rutgers Economic Advisory Service (R/Econ™) As the count of listings and asking prices flattened,[i] realtors and creditors predicted a rise in foreclosures and mortgage delinquencies as people were laid off and furloughed and as many small businesses failed.[ii] But things did not roll out as feared for housing markets. [...]

New Jersey’s Single-Family Housing Markets by County 20212022-10-21T16:27:56-04:00

Report Release: The New Jersey Housing Crisis in a COVID Era

2023-09-19T12:12:48-04:00

By Katharine Nelson. Affordable housing is increasingly scarce within the United States, and COVID-19 has dramatically exacerbated the simmering crisis in affordable housing. In New Jersey, the risk of eviction is greater than across the country [...]

Report Release: The New Jersey Housing Crisis in a COVID Era2023-09-19T12:12:48-04:00

Our First Report: Encouraging Activation of Vacant Commercial Properties

2023-08-07T12:01:59-04:00

The New Jersey State Policy Lab is publishing our first report, Vacant Commercial Property in New Jersey: Causes and Solutions, written by Michael Hayes and Pengju Zhang. The economic recession caused by the COVID-19 pandemic has resulted in an increase in vacant [...]

Our First Report: Encouraging Activation of Vacant Commercial Properties2023-08-07T12:01:59-04:00

Has New Jersey’s Housing Market Peaked? A New Year’s Assessment

2022-10-21T16:18:28-04:00

By Michael L. Lahr, Director of Rutgers Economic Research Service (R/ECON™) What is the status of New Jersey housing markets? The bottom line has been more or less the same since June 2020: double-digit price growth prompted by low inventory and depressed interest rates. Have they peaked? That is a tougher call. For sure, the [...]

Has New Jersey’s Housing Market Peaked? A New Year’s Assessment2022-10-21T16:18:28-04:00

A Primer on Housing Markets with a Bird’s Eye View on New Jersey’s

2022-10-21T16:17:01-04:00

By Michael L. Lahr, R/ECON™ Housing markets are not just geographically separated, they are socially stratified too (in combination the two generate what is termed, “housing market segmentation”). Properties in a region can differ radically in price (e.g., range between $20,000 and $1,000,000 per acre). Moreover, the buyer base and housing availability for that particular [...]

A Primer on Housing Markets with a Bird’s Eye View on New Jersey’s2022-10-21T16:17:01-04:00

Vacant Commercial Property in New Jersey: Causes and Solutions

2022-10-21T16:16:44-04:00

Michael S. Hayes and Pengju Zhang The COVID-19 pandemic has accelerated changes in investment decisions throughout the economy. For example, the growth in virtual work and e-commerce has likely negatively impacted the demand for some commercial property in New Jersey. A significant increase in vacant and under-occupied property can cause many social problems, including increasing [...]

Vacant Commercial Property in New Jersey: Causes and Solutions2022-10-21T16:16:44-04:00

The New Jersey Housing Crisis in a COVID Era – Project Update

2022-10-21T16:08:33-04:00

Samantha Roth  Samantha Roth is a Master of Public Administration Student at the School of Public Affairs and Administration at Rutgers University-Newark. She is a research assistant with support from the New Jersey Policy Lab and is presently engaged in a project on the topic of housing policy formulation and implementation in a post-Covid era.  [...]

The New Jersey Housing Crisis in a COVID Era – Project Update2022-10-21T16:08:33-04:00

The NJ Housing Crisis in a COVID-Era: Mapping Strategic Processes

2022-10-21T16:04:29-04:00

Kyle Farmbry Among the many challenges brought by COVID-19, the pandemic is exposing the vast scope of our housing affordability crisis. This crisis has been brewing for some time, and policy responses such as moratoria on evictions and the provision of rental assistance have provided crucial lifelines for countless families dealing with crisis. However, the [...]

The NJ Housing Crisis in a COVID-Era: Mapping Strategic Processes2022-10-21T16:04:29-04:00
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