Monthly Archives: June 2016

Is it a bubble yet?

From Real Clear Markets: How High Are Real House Prices? “Home prices are back to near-record highs across the U.S.” said the Wall Street Journal in a June 1 front page story. They are, indeed, when measured in nominal terms. … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 57 Comments

Location and Access to Opportunity are Expensive

From MarketWatch: Opinion: Home prices keep rising — mostly for the rich Residential housing is robust again, perhaps even bubbly. But instead of threatening to inflict another economic collapse on the U.S., rising home prices in fact may be reflecting … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 184 Comments

JC the new heart of the gold coast?

From the NY Times: Jersey City: Growing, With Many Personalities Elizabeth and Nick Flint were apartment hunting in Brooklyn two years ago when a friend suggested they consider Jersey City instead. The couple, who were renting in Williamsburg, wanted to … Continue reading

Posted in Demographics, Economics, Housing Recovery, New Development, NYC | 60 Comments

How much further does the Gold Coast have left to run?

From the Real Deal: Land ho! The Gold Coast of New Jersey has gotten so hot for developers in recent years that in many areas near the waterfront there is hardly any land left to go around. The land grab … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, New Development, New Jersey Real Estate | 57 Comments

It’s just a jump to the left, and then a step to the right.

From the Record: North Jersey home values trapped in a time warp In the overheated housing market of 2005, Barbara O’Leary and Dennis Poletto bought a Bergenfield colonial for $440,000 — just five years after the previous owner had paid … Continue reading

Posted in Economics, Housing Recovery, New Jersey Real Estate | 54 Comments

Casino!

From the WSJ: Debate Heats Up Over Gambling for Northern New Jersey After a bitter battle over a proposed state takeover of Atlantic City, supporters of a gambling expansion are ramping up efforts to convince voters to allow two new … Continue reading

Posted in New Development, New Jersey Real Estate, Politics | 11 Comments

A Flipper Cooker?

From CNBC: House flipping heats up, creating ‘home price pressure cooker’ It looks so easy on TV. Buy a bargain-basement house, pull up some nasty carpet, re-tile the bathroom, paint away the wall stains and sell it for a hefty … Continue reading

Posted in Housing Bubble, National Real Estate, New Development | 81 Comments

The Love and Hate of Higher Home Prices

From Bloomberg: Curbing Our Enthusiasm Over Rising Home Prices Home prices went up in March. That was the news Tuesday from S&P/Case-Shiller; all indications are that April was an up month too, and that this summer’s “selling season” will see … Continue reading

Posted in Demographics, Economics, Housing Recovery, National Real Estate | 43 Comments

March Case Shiller

From the WSJ: U.S. Home Prices Jump as Supply Pinch Plays Out Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsided housing-market recovery of the past five years … Continue reading

Posted in Economics, Housing Recovery, National Real Estate | 60 Comments