Friday, March 2, 2007

Notes From All Over

NJ minimum wage increased to $7.15 beginning October 1st 2006.

Corzine’s team is still reviewing suggestions for property tax reform. One idea is a 4% cap on increases.

Statewide, property taxes increased 6.9% since 2001.

Inflated real estate appraisals are under scrutiny where loans were to sub-prime borrowers who are particularly vulnerable to default if they owe more than their home is worth.

Nationally, Real Estate Agencies are moving away from print advertising to internet ads.

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