Monthly Archives: June 2018

The good old days really were

From Curbed: How the housing market has become harder since 1988 Millennials facing today’s difficult housing market, and the challenges of buying their first home, can wistfully imagine the ’50s and dream of a time when government policy and growth … Continue reading

Posted in Demographics, Economics, National Real Estate | 28 Comments

About time…

From CNBC: Millennials moving out of Mom and Dad’s place, study shows If you have an adult child living at home, you could become an empty nester sooner than you thought. The number of 18- to 34-year-olds living with parents … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 136 Comments

Will you pay? Will I pay? Who will pay? No idea yet.

From the Star Ledger: Raise the sales tax? The business tax? Dueling Democratic budgets bring N.J. closer to a shutdown. Democrats who control the state Legislature on Monday announced they’ll introduce a $36.2 billion budget that would raise taxes on … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 157 Comments

Glimpse into the future: NJ coming for your house

What happens when NJ can’t afford to pay it’s own taxes anymore? Rampant (fraudulent?) mismanagement of assessments? Detroit offers a glimpse into what to come in NJ. From the Detroit News: Study: Bad assessments prompt 10K Detroit foreclosures One in … Continue reading

Posted in Economics, Foreclosures, New Jersey Real Estate, Politics, Property Taxes | 104 Comments

NJ not a place for startups

From WNYC: New Jersey Wants to Stake a Claim in the Innovation Economy New Jersey Governor Phil Murphy rarely misses an opportunity to point out the Garden State once was a hub for innovation — where Thomas Edison invented the … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 228 Comments

Short term looking good for NJ, long term? Ummm…

From the APP: NJ jobs: Companies hiring, and this is why you’d better grab a job now New Jersey employers are recruiting aggressively to fill job openings, but clouds are beginning to build, which could force them to temper their … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 103 Comments

Last cheap house at the shore?

From the Star Ledger: While there is a significant amount of hype around an Atlantic City revival in 2018, that upward swing hasn’t happened just yet. You know what that means? It is still relatively inexpensive to buy real estate … Continue reading

Posted in Shore Real Estate | 154 Comments

How far can home prices go?

From CNBC: US house prices are going to rise at twice the speed of inflation and pay: Reuters poll An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble | 138 Comments

Housing market got it’s swimmies back

From CNBC: US homeowners gained $1 trillion in the last year as their housing values jumped Fast-rising home prices may be a roadblock for buyers, but they are putting some homeowners on Easy Street. As home prices rise, so does … Continue reading

Posted in Economics, Foreclosures, Housing Recovery, National Real Estate | 77 Comments

Bankers not happy with Murphy

From NJBIZ: Bankers: Economy weakening under Murphy A majority of the state’s local bankers say New Jersey’s economy would worsen under policies proposed by Gov. Phil Murphy. In New Jersey Bankers Association’s annual survey on the economy, almost 69 percent … Continue reading

Posted in Economics, New Jersey Real Estate, Politics | 181 Comments

NJ Population Growth & Decline Visualized

From the Star Ledger:

Posted in Demographics, Economics, New Jersey Real Estate | 196 Comments

What the hell do accountants know about running business in NJ anyway…

From NJBIZ: State CPAs take dim view of economic future New Jersey’s accountants do not have a favorable outlook on the state’s economy. In a survey of 786 CPAs in the state conducted by the New Jersey Society of CPAs, … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Property Taxes | 25 Comments

Nothing left to buy?

From CNBC: Pending home sales fall more than expected as costs for buyers rise Potential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to … Continue reading

Posted in Demographics, Economics, National Real Estate | 32 Comments

Another Strong Spring Market

From the Otteau Group: MarketNEWS May 31, 2018 Edition NJ YTD Purchase Contracts Back Up After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a … Continue reading

Posted in Demographics, Economics, Employment, Foreclosures, Housing Recovery, New Jersey Real Estate | 137 Comments