Monthly Archives: November 2018

Realtors no longer positive on housing?

From Marketwatch: Why 2019 won’t lead to a home buyer’s market As 2018 winds to a close, the housing market has shown signs of a slowdown. Throughout this year, observers have begun to speculate that the country’s housing market may … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate | 69 Comments

The big slow continues

From CNBC: Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut … Continue reading

Posted in Demographics, Economics, Employment, Mortgages, National Real Estate | 168 Comments

Yes, NJ is a manufacturing powerhouse

From ROINJ: Manufacturing is (hidden) gem of N.J. economy Manufacturing is not dying, it’s evolving. So said John Kennedy, the CEO of the New Jersey Manufacturing Extension Program, at a recent Financial Executives International meeting. “Manufacturing in New Jersey is … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 30 Comments

Sorry Jersey, not for you.

From Fortune: Long Island City Real Estate Booms After Amazon Announces New York Office, Report Says Though Amazon said it won’t begin hiring for its newly announced office in Queens, N.Y. until 2019, condo sales in the neighborhood are already … Continue reading

Posted in Economics, Employment, NYC | 32 Comments

Buyers prefer used houses

From the USA Today: Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment … Continue reading

Posted in Demographics, Economics, Mortgages, National Real Estate, New Development | 71 Comments

How to get rich quick? Have a legislator carve you out a loophole.

From the Press of Atlantic City: NJ’s leveling of room tax playing field also dug a loophole We’ve long felt it was unfair and detrimental to the hospitality industry for New Jersey to pile room taxes and fees on hotels … Continue reading

Posted in New Jersey Real Estate, Shore Real Estate | 44 Comments

How can the housing market be slowing?

From the NYT: Why the Housing Market Is Slumping Despite a Booming Economy These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching … Continue reading

Posted in Demographics, Economics, Employment, National Real Estate | 29 Comments

Monopoly for Millennials is making them mad

Given the weather and hellacious afternoon commute in store for us, I thought I’d post something entertaining. From Fortune: Millennials Tell Hasbro Just How Insulting ‘Monopoly for Millennials’ Really Is Hasbro has released a new game, “Monopoly for Millennials,” and … Continue reading

Posted in Demographics, Economics, Employment, Humor | 154 Comments

A better outcome for NNJ?

Is this actually the best result for NJ? Discuss. From the WSJ: New York City and Northern Virginia will be the homes for Amazon.com Inc.’s second and third headquarters, according to people familiar with the matter, ending a more than … Continue reading

Posted in Economics, Employment, North Jersey Real Estate, NYC | 161 Comments

Will NJ hit $15?

From the Star Ledger: Vote on $15 minimum wage for N.J. coming soon, top Democrat says Assembly Speaker Craig Coughlin said Friday he expects his house will vote in the coming months on a much-anticipated bill raising the minimum wage … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate | 42 Comments

Murphy, you want an innovation economy? Fix these.

From the APP: 3 reasons NJ lost out on Amazon HQ: Bhatti Here are the top three reasons New Jersey lost: 1. Too expensive for Amazon: Seven billion dollars of tax incentives wasn’t enough. New Jersey made national news when … Continue reading

Posted in Demographics, Economics, Employment, New Development, New Jersey Real Estate | 129 Comments

Glutton for punishment

From the Star Ledger: Election 2018: N.J. voters OK $500 million for school security, water improvements New Jersey voters on Tuesday approved a proposal to borrow $500 million to expand vocational schools and bolster security across K-12 school districts, according … Continue reading

Posted in Demographics, Economics, New Jersey Real Estate, Politics | 158 Comments

NJ Transit will do a great job

From NJ Spotlight: NEW NJ TRANSIT DIVISION TO TAKE ADVANTAGE OF HEFTY REAL ESTATE PORTFOLIO New Jersey Transit is among the mass-transit agencies that rely the most on fare revenues, according to a recent audit, which suggested a hefty real-estate … Continue reading

Posted in New Development, New Jersey Real Estate, Politics, Where's the Beef? | 76 Comments

Sorry NJ

From the Star Ledger: Amazon in ‘advanced’ talks with a city for HQ2. It’s not Newark. Newark’s chances at landing Amazon’s second headquarters is looking more like a long shot. Amazon officials are reportedly in “advanced discussions” about establishing its … Continue reading

Posted in Demographics, Economics, New Development, New Jersey Real Estate | 71 Comments